US HB5612 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2020 - 25% progression, died in committee
Action: 2020-01-15 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2020 - 25% progression, died in committee
Action: 2020-01-15 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows a Federal Home Loan Bank to make long-term advances to certain community development financial institutions and insured credit unions for activities related to small businesses, small farms, small agri-businesses, and community development. Currently, only certain community development financial institutions may qualify for these advances.
Title
Small Business and Community Investments Expansion Act of 2020
Sponsors
| Rep. Tulsi Gabbard [D-HI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-15 | House | Referred to the House Committee on Financial Services. |
| 2020-01-15 | 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/116th-congress/house-bill/5612/all-info |
| Text | https://www.congress.gov/116/bills/hr5612/BILLS-116hr5612ih.pdf |
