HR 2707 · 103th Congress · Finance and Financial Sector
Bank Enterprise Act Amendments of 1993
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Sponsor introductory remarks on measure. (CR H6297)(1993-08-06)
Plain Language Summary
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TABLE OF CONTENTS: Title I: Bank Enterprise Act Enhancements Title II: Bank Community Development Incentives Title III: Housing and Small Business Finance Title IV: Credit Union Amendments Title V: Consumer Education Title VI: Community Development Task Force Bank Enterprise Act Amendments of 1993 - Title I: Bank Enterprise Act Enhancements - Amends the Bank Enterprise Act (BEA) to establish the Community Development Fund, to be administered by the Community Enterprise Assessment Credit Board (created by this Act). Requires the Fund to establish a national information clearinghouse in coordination with designated Federal agencies. Earmarks the Fund for: (1) investments and assistance to enable community development financial institutions to target distressed communities; (2) financial and technical assistance to such institutions; and (3) the clearinghouse. Authorizes appropriations. (Sec. 102) Amends the Bank Enterprise Act of 1991 (BEA 91) to make community development banks newly chartered under this Act eligible for community enterprise assessment credit. (Sec. 103) Authorizes any insured depository institution located in a qualified distressed community to sell property and ca…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
15 Democrats5 Republicans