Small Business and Community Investments Expansion Act of 2017
- Last Action
- 1/27/2017
Actions
- 2017-01-27Referred to the House Committee on Financial Services.
- 2017-01-27Introduced in House
- 2017-01-27Introduced in House
CRS Summary
As of 2017-01-27 (00)
Small Business and Community Investments Expansion Act of 2017
This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.
Cosponsors (7)
- Steve Stivers (R-OH)
- CAROLYN MALONEY (D-NY)
- Robert Pittenger (R-NC)
- John Delaney (D-MD)
- Erik Paulsen (R-MN)
- Kyrsten Sinema (D-AZ)
- Tulsi Gabbard (D-HI)
Subjects
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Credit and credit markets
- Housing and community development funding
Sourced from Congress.gov (public domain).
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