HR 704 · 115th Congress · Finance and Financial Sector
Small Business and Community Investments Expansion Act of 2017
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2017-01-27)
Plain Language Summary
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Small Business and Community Investments Expansion Act of 2017 This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (7)
4 Democrats3 Republicans