H.R. 704 · 115th Congress
Small Business and Community Investments Expansion Act of 2017
- Stage
- In committee
- Sponsor
- Keith Ellison
- Introduced
- 2017-01-27
- Latest action
- 2017-01-27 · Introduced in House
Summary
Small Business and Community Investments Expansion Act of 2017
This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.