HR 5612 · 116th Congress · Finance and Financial Sector

Small Business and Community Investments Expansion Act of 2020

Introduced 2020-01-15· Sponsored by Rep. Gabbard, Tulsi [D-HI-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business and Community Investments Expansion Act of 2020 This bill allows a Federal Home Loan Bank to make long-term advances to certain community development financial institutions and insured credit unions for activities related to small businesses, small farms, small agri-businesses, and community development. Currently, only certain community development financial institutions may qualify for these advances.…

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