HR 5102
102th Congress
House
Emergency Management
California
Disaster loans
Disaster relief
Disasters
Federal aid to community development
Federally-guaranteed loans
Interest
Riots
Urban economic development
Gonzalez-Waters Distressed Communities Assistance Act
Introduced: May 7, 1992
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 1992
Referred to the Subcommittee on Economic Stabilization.
May 7, 1992
Referred to the House Committee on Banking, Finance + Urban Affrs.
May 7, 1992
Introduced in House
Plain-English summary
Gonzalez-Waters Distressed Communities Assistance Act - Authorizes the Secretary of Housing and Urban Development to provide emergency loan guarantee assistance in connection with section 108 of the Housing and Community Development Act of 1974 for business development and reestablishment in areas of Los Angeles affected by civil disturbances on or after April 29, 1992, and before May 6, 1992. Exempts such guarantees from specified program requirements.
Authorizes assistance to cover related interest costs.
Directs the Secretary to enter into guarantees with an aggregate principal amount of $500,000,000, subject to approval in appropriation Acts.
What's happening now
Referred to the Subcommittee on Economic Stabilization.
Committees of jurisdiction
2
Cosponsors
1