HR 3349 · 104th Congress · Finance and Financial Sector

American Cities Investment Act of 1996

Introduced 1996-04-30· Sponsored by Rep. Fattah, Chaka [D-PA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(1996-05-03)

Plain Language Summary

[AI summary unavailable — showing source text] American Cities Investment Act of 1996 - Amends the Housing and Community Development Act of 1974 to: (1) set limitations on maximum outstanding loan guarantees issued by the Secretary of Housing and Urban Development; (2) authorize the Secretary to guarantee advances from Federal Home Loan Banks; and (3) expand the community participation requirements to include major stakeholders. Amends the Federal Home Loan Bank Act to authorize advances to units of local government for community development purposes pursuant to such loan guarantees.…

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

Cosponsors (15)

14 Democrats1 Independent
Resident Commissioner Romero-Barcelo, Carlos A. [D-PR-At Large]PR
Rep. Filner, Bob [D-CA-50]CA
Rep. Hastings, Alcee L. [D-FL-23]FL
Rep. Jackson-Lee, Sheila [D-TX-18]TX
Rep. Johnson, Eddie Bernice [D-TX-30]TX
Rep. McKinney, Cynthia A. [D-GA-11]GA
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Thompson, Bennie G. [D-MS-2]MS
Rep. Towns, Edolphus [D-NY-10]NY
Rep. Mascara, Frank [D-PA-20]PA
Rep. Collins, Cardiss [D-IL-7]IL
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Waxman, Henry A. [D-CA-29]CA
Rep. Payne, Donald M. [D-NJ-10]NJ
Del. Frazer, Victor O. [I-VI-At Large]VI