Amends the Home Owners’ Loan Act to permit a federal savings association to elect to operate as a national bank.
Federal Savings Association Charter Flexibility Act of 2017
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.
Original sponsor: Rep. Rothfus, Keith J. [R-PA-12]
Cosponsors: Rep. Himes, James A. [D-CT-4], Rep. Stivers, Steve [R-OH-15], Rep. Cramer, Kevin [R-ND-At Large], Rep. Courtney, Joe [D-CT-2], Rep. Tipton, Scott R. [R-CO-3], Rep. Messer, Luke [R-IN-6], Rep. Gottheimer, Josh [D-NJ-5]
Passed House by voice vote.
Related bill: HR10 (Related bill)