December Newsletter

Happy Holidays!!!

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In This Issue:



  • PPN Coffee Series-119th Congress
  • Sen. Carper Honored at $3.52 Million Grant Announcement
  • Washington Policy Update
  • Federal Housing Finance Agency Updates
  • Delaware State Chamber of Commerce Annual Dinner
  • FHLBank Brief


Staff Contacts


Allison Karakis

Senior Director, Government Relations

allison.karakis@fhlb-pgh.com

See Bio here.


Reginald Belon

Public Affairs Specialist

reginald.belon@fhlb-pgh.com

See Bio here.

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Public Policy Network Coffee

 

Join FHLBank‘s Public Policy Network for an update and discussion on expectations for the 119th Congress and new administration.


Grab a cup of coffee and learn more about the New Congress and Administration while participating in an interactive discussion on policy developments in Washington.


Wednesday, January 29th, 2025 at 3:00pm


Click this Registration Link for the series and a calendar invite will be sent.

U.S. Sen. Tom Carper Honored at $3.52 Million Grant Announcement Ceremony


On December 13th, 2024, U.S. Sen. Tom Carper (D-DE) was recognized for his support of housing and community development during a ceremony today announcing $3.52 million in 2024 Affordable Housing Program (AHP) grant and the voluntary housing grant initiative awards. These awards from the Federal Home Loan Bank of Pittsburgh (FHLBank) are through member financial institutions. 


Click here to view our Press Release.

Washington Policy Update

Allison Karakis, Director, Government Relations

Members of Congress are anxious for a break to celebrate the holidays and recharge, but first they must extend government funding before it expires on Dec. 21. For the more than 70 members that won’t be returning next year, this is also their last chance to make their mark. This resulted is a 1,547-page bill that will fund the government through March 14, extend farm bill programs, allow an automatic pay raise for members of Congress, and provide more than $100 billion in disaster aid. This bill was widely expected to pass until President-elect Trump voiced last minute concerns sending House Republican leadership scrambling to find a solution that both the Senate will pass and President Biden will sign. Despite the inevitable theatrics, and short timelines, a solution to avoid a government shutdown hopefully will materialize before the Friday night deadline.


Meanwhile planning for the 119th Congress, which begins on Jan. 3, continues as leadership and committee assignments are slowly being announced. Republicans are also looking to assure a smooth vote for Speaker of the House to avoid a situation similar to the historic 15 ballots over four days that were needed to elect Kevin McCarthy at the beginning of the 118th Congress. With an even smaller Republican majority, it will take nearly perfect party unity to avoid a repeat.


Republicans are mapping out an aggressive legislative agenda for the new Congress and administration, but limited majorities and the challenges of setting up a new administration will create obstacles for success. 



FHFA Update


The Federal Housing Finance Agency continues their implementation of the FHLBank System at 100 report.


Updates on implementation can be found here.


Proposed Rulemaking:


On October 21, 2024, FHFA issued a notice of proposed rulemaking which addresses boards of directors and executive management of the Federal Home Loan Banks and Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics and comments are due February 3, 2025.

To Submit or view Comments, click here. 



Join us at the Delaware State Chamber of Commerce

188th Annual Dinner


Monday, January 13, 2025

4:00 PM - 7:15 PM

Location: Chase Center on the Riverfront

815 Justison Street

Wilmington, DE 19801


Register Now

December update from the Council of FHLBanks, a trade association for the FHLBank System is available here.



Each December, with the holidays upon us, we pause for a moment of reflection – a time to recognize the good our community does in coming together, supporting one another, strengthening local economies and funding affordable housing programs through collaboration and a shared commitment. The very structure of the FHLBanks’ cooperative business model personifies the benefits of collaboration and mutual support and reflects a community-first focus that delivers measurable benefits by many metrics and measures.  

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