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To amend the Federal Home Loan Bank Act to expand the purposes of advances and collateral available to community development financial institutions.

USA115th CongressHR-704| House 
| Updated: 1/27/2017
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Cosponsors (7)
Robert Pittenger (Republican)Erik Paulsen (Republican)Steve Stivers (Republican)Carolyn B. Maloney (Democratic)Kyrsten Sinema (Independent)Tulsi Gabbard (Democratic)John K. Delaney (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 27, 2017
Introduced in House
Jan 27, 2017
Referred to the House Committee on Financial Services.
  • January 27, 2017
    Introduced in House
  • January 27, 2017
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Bank accounts, deposits, capitalBanking and financial institutions regulationCredit and credit marketsHousing and community development funding

To amend the Federal Home Loan Bank Act to expand the purposes of advances and collateral available to community development financial institutions.

USA115th CongressHR-704| House 
| Updated: 1/27/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 27, 2017
Introduced in House
Jan 27, 2017
Referred to the House Committee on Financial Services.
  • January 27, 2017
    Introduced in House
  • January 27, 2017
    Referred to the House Committee on Financial Services.
Keith Ellison

Keith Ellison

Democratic Representative

Minnesota

Cosponsors (7)
Robert Pittenger (Republican)Erik Paulsen (Republican)Steve Stivers (Republican)Carolyn B. Maloney (Democratic)Kyrsten Sinema (Independent)Tulsi Gabbard (Democratic)John K. Delaney (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationCredit and credit marketsHousing and community development funding