US HB6830 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 12 2020 - 25% progression, died in committee
Action: 2020-05-12 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 12 2020 - 25% progression, died in committee
Action: 2020-05-12 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reduces the Community Development Financial Institutions (CDFI) Bond Guarantee Program minimum issuance amount from $100 million to $25 million for FY2020, and to $50 million thereafter. (CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program.)
Title
To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.
Sponsors
| Rep. Dean Phillips [D-MN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-12 | House | Referred to the House Committee on Financial Services. |
| 2020-05-12 | House | Introduced in House |
Same As/Similar To
HB7993 (Related) 2020-08-07 - Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Community Development Financial Institutions Fund
Community life and organization
Finance and financial sector
Government lending and loan guarantees
Housing and community development funding
Securities
Community life and organization
Finance and financial sector
Government lending and loan guarantees
Housing and community development funding
Securities
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6830/all-info |
| Text | https://www.congress.gov/116/bills/hr6830/BILLS-116hr6830ih.pdf |
