US HB704 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 27 2017 - 25% progression, died in committee
Action: 2017-01-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 27 2017 - 25% progression, died in committee
Action: 2017-01-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Small Business and Community Investments Expansion Act of 2017
Sponsors
| Rep. Keith Ellison [D-MN] | Rep. Steve Stivers [R-OH] | Rep. Carolyn Maloney [D-NY] | Rep. Robert Pittenger [R-NC] |
| Rep. John Delaney [D-MD] | Rep. Erik Paulsen [R-MN] | Sen. Kyrsten Sinema [I-AZ] | Rep. Tulsi Gabbard [D-HI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-27 | House | Referred to the House Committee on Financial Services. |
| 2017-01-27 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Credit and credit markets
Finance and financial sector
Housing and community development funding
Banking and financial institutions regulation
Credit and credit markets
Finance and financial sector
Housing and community development funding
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/704/all-info |
| Text | https://www.congress.gov/115/bills/hr704/BILLS-115hr704ih.pdf |
