HR 288 · 104th Congress · Economics and Public Finance

Economic Growth and Stabilization Financing Demonstration Act of 1995

Introduced 1995-01-04· Sponsored by Rep. Kanjorski, Paul E. [D-PA-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy.(1995-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] Economic Growth and Stabilization Financing Demonstration Act of 1995 - Prescribes guidelines under which the Secretary of Commerce may conduct demonstration programs in economically distressed communities to: (1) guarantee loans made to private parties by private lending institutions, community development financial institutions, and other lenders; (2) pay interest rate subsidies; (3) implement an equity financing program; and (4) provide secondary market credit enhancements to pools of financial instruments related to economic growth and stabilization in such communities. Directs the Secretary to conduct performance evaluations and submit an annual status report to the Congress. Authorizes appropriations.…

Summarized by Claude AI · Non-partisan · For informational purposes only