HR 4822 · 106th Congress · Finance and Financial Sector

American Communities Investment Act of 1999

Introduced 2000-07-11· 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.(2000-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] American Communities Investment Act of 1999 - Amends the Housing and Community Development Act of 1974 to revise requirements for the maximum amount of outstanding loan guarantees for a single issuer in connection with community development. Mandates participation of the major stakeholders in the community in which activities funded with guaranteed obligations will be implemented. Amends the Federal Home Loan Bank Act to set forth parameters within which: (1) Federal home loan banks may make advances to a nonmember mortgagee for community lending purposes; and (2) each Federal home loan bank shall establish a Community Lending Fund to facilitate community lending by its members and nonmember mortgagees.…

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

Cosponsors (20)

20 Democrats
Rep. Frost, Martin [D-TX-24]TX
Rep. Brown, Sherrod [D-OH-13]OH
Del. Christensen, Donna MC [D-VI-At Large]VI
Rep. Filner, Bob [D-CA-50]CA
Rep. Gutierrez, Luis V. [D-IL-4]IL
Rep. Hastings, Alcee L. [D-FL-23]FL
Rep. Hinchey, Maurice D. [D-NY-26]NY
Rep. Kilpatrick, Carolyn C. [D-MI-15]MI
Rep. McKinney, Cynthia A. [D-GA-4]GA
Rep. Reyes, Silvestre [D-TX-16]TX
Rep. Thompson, Bennie G. [D-MS-2]MS
Rep. Barrett, Thomas M. [D-WI-5]WI
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Borski, Robert A. [D-PA-3]PA
Rep. Lee, Barbara [D-CA-9]CA
Rep. Lewis, John [D-GA-5]GA
Rep. Jackson-Lee, Sheila [D-TX-18]TX
Rep. Clay, William (Bill) [D-MO-1]MO
Rep. Payne, Donald M. [D-NJ-10]NJ
Rep. Kaptur, Marcy [D-OH-9]OH