Domestic Enterprise Bank Act

[AI summary unavailable — showing source text] Domestic Enterprise Bank Act - Declares it to be the purpose of this Act to: (1) contribute to the elimination of unemployment and poverty in the Nation, and (2) assist in the preservation and increase of job opportunities and the growth of business enterprises throughout the Nation. Sets forth the definitions of terms used in this Act. Title I: Designation of Eligible Areas and Enterprises - Directs the Secretary of Commerce, in consultation with the Director of the Domestic Council and the Secretary of Labor, to identify and designate as eligible areas within the meaning of this Act: (1) those urban areas which have high concentrations of unemployed or a high incidence of poverty; (2) those rural areas which have high concentrations of unemployed and low-income persons and which are characterized by substantial outmigration of persons; and (3) those Indian reservations which the Secretary of the Interior determines should be subject to the provisions of this Act. Requires the Secretary of Commerce, in consultation with the Secretary of Labor, to publish criteria under which business enterprises may be designated as eligible businesses. Title II: Establishment of a Domestic Enterp…