HR 3656 · 113th Congress · Finance and Financial Sector

Small Business and Community Investments Expansion Act of 2013

Introduced 2013-12-05· Sponsored by Rep. Ellison, Keith [D-MN-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2013-12-05)

Plain Language Summary

[AI summary unavailable — showing source text] The Small Business and Community Investments Expansion Act of 2013 - Amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make long-term secured advances to their members to provide funds to community development financial institutions. Requires a Bank, at the time of origination or renewal of a loan or advance, to obtain and maintain a security interest in collateral eligible pursuant to any secured loan for any community development financial institution.…

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

Cosponsors (5)

3 Democrats2 Republicans