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Exclusive: Cortez Masto offers bill to reform FHLBs

May 28, 2025 | Uncategorized | 0 comments

A bill being introduced by Sen. Catherine Cortez Masto, D-Nev., would compel the Federal Home Loan Bank System to contribute 30%, or a minimum of $200 million, of each bank’s net earnings into affordable housing or other community development programs.
https://www.nationalmortgagenews.com/news/exclusive-cortez-masto-offers-bill-to-reform-fhlbs

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