HR 3349
104th Congress
House
Finance and Financial Sector
Community development banking
Economics and Public Finance
Federal aid to community development
Federal home loan banks
Federally-guaranteed loans
Government Operations and Politics
Government lending
Housing and Community Development
Infrastructure
Local finance
Urban affairs
American Cities Investment Act of 1996
Introduced: April 30, 1996
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 1996
Referred to the Subcommittee on Housing and Community Opportunity.
May 3, 1996
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Apr 30, 1996
Referred to the House Committee on Banking and Financial Services.
Apr 30, 1996
Introduced in House
Plain-English summary
American Cities Investment Act of 1996 - Amends the Housing and Community Development Act of 1974 to: (1) set limitations on maximum outstanding loan guarantees issued by the Secretary of Housing and Urban Development; (2) authorize the Secretary to guarantee advances from Federal Home Loan Banks; and (3) expand the community participation requirements to include major stakeholders.
Amends the Federal Home Loan Bank Act to authorize advances to units of local government for community development purposes pursuant to such loan guarantees.
What's happening now
Referred to the Subcommittee on Housing and Community Opportunity.
Committees of jurisdiction
3