A bipartisan quartet of House lawmakers introduced a bill Friday that would stop the Federal Housing Finance Agency from moving forward with its rule to establish new membership requirements for the Federal Home Loan Banks.

Reps. Blaine Luetkemeyer R-Mo., Denny Heck, D-Wash., Patrick McHenry, R-N.C., and John Carney, D-Del., said the FHFA has overstepped its authority in proposing a bill that would kick certain entities out of the system.

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