United States Revitalization Act

[AI summary unavailable — showing source text] United States Revitalization Act - Establishes the United States Revitalization Bank as an instrumentality of the United States with a board of directors appointed by the President with the advice and consent of the Senate. Sets forth the powers of the Bank. Directs the Bank to submit an annual report to the President, the Secretary of the Treasury, and the Congress. Sets the capital stock of the Bank at $5,000,000,000 subscribed by the Treasury from funds appropriated for such purpose. Grants the Bank the power to issue tax-exempt obligations in an outstanding aggregate principal amount not to exceed five times the paid-in-capital of the Bank at such time. Grants the Bank power to enter into agreements respecting its obligations. Permits the Bank, taking into account the market conditions for its obligations, to request that the Secretary guarantee its obligations with the full faith and credit of the United States. Specifies the tax status of the Bank, its real property and its employees. Authorizes the Bank to provide financial assistance to a business enterprise upon written request. Requires such request to be accompanied by a plan in accordance with the terms of this Act. Pro…