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HR 722 104th Congress House Finance and Financial Sector Commerce Community development banking Economics and Public Finance Federally-guaranteed loans Government corporations Government securities

Community Development Financial Institutions Fund Securities Guarantee Act of 1995

Introduced: January 27, 1995 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 1995
Referred to the Subcommittee on Housing and Community Opportunity.
Feb 10, 1995
Referred to the Subcommittee on Domestic and International Monetary Policy.
Feb 10, 1995
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 10, 1995
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Jan 27, 1995
Referred to the House Committee on Banking and Financial Services.
Jan 27, 1995
Introduced in House
 Plain-English summary Congressional Research Service

Community Development Financial Institutions Fund Securities Guarantee Act of 1995 - Amends the Community Development Banking and Financial Institutions Act of 1994 to authorize the Secretary of the Treasury to issue guarantees for debt securities issued by the Community Development Financial Institutions Fund. Specifies a $2 billion per fiscal year maximum and 20-year term for such guarantees. Sets forth provisions limiting such guarantees and their costs to the extent such amounts are provided in advance in appropriation Acts.

Provides that a prohibition under the Act against Fund issuance of stocks, bonds, debentures, notes or other securities shall not apply to its issuance of guaranteed debt instruments. Prohibits the use of proceeds from the issuance of such securities to provide financial assistance, including equity investment, to any community development financial institution with assets of more than $50 million.

What's happening now February 10, 1995

Referred to the Subcommittee on Housing and Community Opportunity.

 Committees of jurisdiction 5