H.R. 1355 · 114th Congress
Small Business and Community Investments Expansion Act of 2015
- Stage
- In committee
- Sponsor
- Keith Ellison
- Introduced
- 2015-03-13
- Latest action
- 2015-03-13 · Introduced in House
Summary
Small Business and Community Investments Expansion Act of 2015
Amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make long-term secured advances to their members to provide funds to community development financial institutions.
Requires a Bank, at the time of origination or renewal of a loan or advance, to obtain and maintain a security interest in collateral eligible pursuant to any secured loan for any community development financial institution.