Summary: H.R.1426 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House without amendment (01/29/2018)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Federal Savings Association Charter Flexibility Act of 2017

(Sec. 2) This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate, subject to supervision by the Office of the Comptroller of the Currency, with the same rights and duties as a national bank (including operating without certain lending restrictions).