Reindustrialization Finance Corporation Act

[AI summary unavailable — showing source text] Reindustrialization Finance Corporation Act - Establishes the Reindustrialization Finance Corporation as an instrumentality of the United States. Sets forth the composition of the Board of Directors and the general powers of the Corporation. Requires the Corporation to submit an annual report to the President, the Secretary of the Treasury, and the Congress. States that the Corporation shall have a capital stock of $5,000,000,000 to be appropriated from the Treasury. Empowers the Corporation to issue obligations in amounts necessary to provide sufficient funds for carrying out its purposes. Prohibits the obligations of the Corporation from being outstanding in an aggregate principal amount exceeding five times the paid-in capital. Grants the Corporation the power to enter into agreements respecting obligations of the bank. Exempts the Corporation, its franchise, capital, reserves, surplus, income, and tangible property from all taxation except real property and employment taxes. Authorizes the Corporation to provide financial assistance (direct loans and loan guarantees) to any business enterprise which satisfies the criteria for eligibility set forth by this Act. Sets forth the te…