This bill makes a targeted change to the Federal Home Loan Bank Act to expand access to homeownership by allowing federal credit unions—in addition to banks already eligible—to participate in the Federal Home Loan Bank system. The legislation affects credit unions and the communities they serve by giving these institutions access to the same low-cost funding and lending programs that traditional banks use to support mortgages and home financing. The bill was introduced in February 2026 and referred to the House Committee on Financial Services. By broadening which financial institutions can tap into Federal Home Loan Bank resources, the measure aims to increase homeownership opportunities, particularly in underserved communities where credit unions are often important lenders. No specific funding amounts or implementation timelines are specified in the legislation text provided.
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