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HR 4516 102th Congress House Economics and Public Finance Capital investments Community development Community development corporations Education Executive reorganization Federal advisory bodies Federal aid to community development Federal aid to higher education Government corporations Loans Poor Research Revolving funds Rural economic development Small business Unemployment

Community Services Empowerment Amendments of 1992

Introduced: March 19, 1992 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 1992
Referred to the Subcommittee on Human Resources.
Mar 19, 1992
Referred to the House Committee on Education and Labor.
Mar 19, 1992
Introduced in House
 Plain-English summary Congressional Research Service

Community Services Empowerment Amendments of 1992 - Amends the Omnibus Budget Reconciliation Act of 1981 to establish the National Community Services Empowerment Partnership Corporation (Corporation).

Authorizes the Corporation to appoint a Community Services Empowerment Advisory Committee. Establishes in the Corporation an Office of Inspector General.

Authorizes the Corporation to make grants to existing or emerging community services empowerment corporations (corporations) for revolving funds that will provide assistance for business and employment opportunities in low-income urban and rural areas. Obligates at least ten percent of existing corporation annual appropriations for loans and capital investments to locally-owned small enterprises in high unemployment areas.

Sets forth provisions regarding: (1) eligibility requirements; (2) aggregate grant limits; (3) limitations on capital investment, administrative costs, technical assistance, and training; and (4) limitations on loan repayments and capital investment proceeds.

Authorizes the Corporation to make grants for: (1) emerging corporation enhancement, technical assistance, and training; and (2) research and development.

Sets forth audit and reporting provisions.

Authorizes appropriations.

What's happening now April 16, 1992

Referred to the Subcommittee on Human Resources.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3