H.R. 5612 · 116th Congress
Small Business and Community Investments Expansion Act of 2020
- Stage
- In committee
- Sponsor
- Tulsi Gabbard
- Introduced
- 2020-01-15
- Latest action
- 2020-01-15 · Introduced in House
Summary
Small Business and Community Investments Expansion Act of 2020
This bill allows a Federal Home Loan Bank to make long-term advances to certain community development financial institutions and insured credit unions for activities related to small businesses, small farms, small agri-businesses, and community development. Currently, only certain community development financial institutions may qualify for these advances.