MORE Opportunities for Homeownership Act
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Summary
The bill amends the Federal Home Loan Bank Act to expand the definition of eligible community financial institutions to include federally insured credit unions, in addition to those already covered under the Federal Deposit Insurance Act. This change would allow credit unions to be treated as eligible members or institutions for purposes of the Federal Home Loan Bank System's programs. The bill's stated aim is to expand homeownership access, though the operative text is a single definitional amendment.
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