HR 1355 · 114th Congress · Finance and Financial Sector
Small Business and Community Investments Expansion Act of 2015
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2015-03-13)
Plain Language Summary
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Small Business and Community Investments Expansion Act of 2015 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 (8)
5 Democrats3 Republicans