; and (B) the captive insurance company will comply with the membership eligibility requirements described in paragraphs (a), (b), and (c) of section 1263.6 of title 12, Code of Federal Regulations, during such period; and (2) the captive insurance company continues to be owned, or upon restoration of membership is owned and continues to be owned, including direct ownership by a controlling entity or indirect ownership through one or more holding companies, by the same entity that owned the captive insurance company on the date of enactment of this subsection. 4. Study on impact of expansion of membership (a) Study The Director of the Federal Housing Finance Agency shall conduct a study on the impact of the expansion of the Federal Home Loan Bank System to additional types of entities involved in the housing finance system. The study shall consider— (1) how liquidity provided through the Federal Home Loan Bank System could be increased in a manner that is consistent with its mission; (2) what initial and ongoing capital and reporting requirements for membership could be used to minimize risk to the Federal Home Loan Bank System; (3) how the Federal Housing Finance Agency could use its oversight and authority to ensure that expanded membership would not pose excessive risk to the Federal Home Loan Bank System; (4) mitigants and transaction structures to address risk of an insolvency proceeding affecting the parent of a captive insurance company member; and (5) other topics relevant to developing a framework for membership that promotes the mission of the Federal Home Loan Bank System. (b) Report Not later than one year after the date of enactment of this Act, the Director shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the study required under subsection (a), including all findings and determinations made in carrying out the study.