HR 1121
105th Congress
House
Finance and Financial Sector
Bank loans
Business income tax
Commerce
Community development banking
Corporation taxes
Cost of living adjustments
Credit unions
Economics and Public Finance
Income tax
Indexing (Economic policy)
Tax rates
Taxation
Financial Freedom Act of 1997
Introduced: March 19, 1997
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 28, 1997
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 19, 1997
Referred to House Ways and Means
Mar 19, 1997
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 19, 1997
Referred to House Banking and Financial Services
Mar 19, 1997
Introduced in House
Plain-English summary
Financial Freedom Act of 1997 - Amends the Federal Credit Union Act to limit Federal credit union membership to one or more groups each of which has a common bond within such group.
Repeals the Community Reinvestment Act of 1977.
Amends the Internal Revenue Code to reduce the corporate tax rate for qualified community lenders.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
3
Cosponsors
1