Summary: This bill authorizes Federal Home Loan Banks to purchase certain securities from cooperatives that (1) have certain investment experience involving the Rural Utilities Service, and (2) have received financing from the Federal Financing Bank. Cosponsors
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 6/03/19.
STATUS: Introduced 4/29/19 by Rep. Scott, David [D-GA-13].
INFORMATION RELATED TO THE BILL:
- “Rural communities in my District, the State of Georgia and all across the country rely on safe and reliable energy resources to power their daily lives,” said Congressman Scott. “From small businesses and schools to farms and community centers, these electric cooperatives play a vital role in improving energy access and infrastructure.” (Source: Rep. Scott, Press Release, 4/30/19)