To encourage initiatives for financial products and services that are appropriate and accessible for millions of American small businesses that do not have access to the financial mainstream.
USA115th CongressHR-1833| House
| Updated: 3/30/2017
Carolyn B. Maloney
Democratic Representative
New York
Cosponsors (19)
Dwight Evans (Democratic)Al Lawson (Democratic)Stacey E. Plaskett (Democratic)John Garamendi (Democratic)Barbara Lee (Democratic)Juan Vargas (Democratic)Anthony G. Brown (Democratic)Ted Lieu (Democratic)André Carson (Democratic)Keith Ellison (Democratic)Gregory W. Meeks (Democratic)Alma S. Adams (Democratic)Eleanor Holmes Norton (Democratic)Jamie Raskin (Democratic)Jim Costa (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)Cedric L. Richmond (Democratic)Grace F. Napolitano (Democratic)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Investing in America's Small Businesses Act of 2017 This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions for: (1) the establishment of loan-loss reserve funds to defray the costs of small business lending, and (2) related technical assistance. A community development financial institution must provide nonfederal matching funds equal to 50% of the amount of any grant received. A grantee may not use grant funds to make direct loans to small businesses.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E418)
Finance and Financial Sector
Business investment and capitalCredit and credit marketsHousing and community development fundingSmall business
To encourage initiatives for financial products and services that are appropriate and accessible for millions of American small businesses that do not have access to the financial mainstream.
USA115th CongressHR-1833| House
| Updated: 3/30/2017
Investing in America's Small Businesses Act of 2017 This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions for: (1) the establishment of loan-loss reserve funds to defray the costs of small business lending, and (2) related technical assistance. A community development financial institution must provide nonfederal matching funds equal to 50% of the amount of any grant received. A grantee may not use grant funds to make direct loans to small businesses.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E418)
Carolyn B. Maloney
Democratic Representative
New York
Cosponsors (19)
Dwight Evans (Democratic)Al Lawson (Democratic)Stacey E. Plaskett (Democratic)John Garamendi (Democratic)Barbara Lee (Democratic)Juan Vargas (Democratic)Anthony G. Brown (Democratic)Ted Lieu (Democratic)André Carson (Democratic)Keith Ellison (Democratic)Gregory W. Meeks (Democratic)Alma S. Adams (Democratic)Eleanor Holmes Norton (Democratic)Jamie Raskin (Democratic)Jim Costa (Democratic)Nydia M. Velázquez (Democratic)Yvette D. Clarke (Democratic)Cedric L. Richmond (Democratic)Grace F. Napolitano (Democratic)
Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalCredit and credit marketsHousing and community development fundingSmall business