HR 11767 · 95th Congress · Finance and Financial Sector
A bill to expand and facilitate urban lending investment by Federal savings and loan associations, and to simplify section 5(c) of the Home Owners' Loan Act of 1933.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-03-22)
Plain Language Summary
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Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to invest in cooperative housing. Removes the limitation on the percentage of its assets which a savings and loan association may invest in the following: (1) commercial real estate loans; (2) loans for home improvement and mobile homes; and (3) State and local government bonds to raise revenue for the rehabilitation, financing, or construction of residential real estate.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (14)
8 Democrats6 Republicans