HR 4822
106th Congress
House
Finance and Financial Sector
Administrative procedure
Bank capital
Bank loans
Community development banking
Community development corporations
Congress
Congressional investigations
Congressional reporting requirements
Economics and Public Finance
Enterprise zones
Federal Home Loan Bank Board
Federal advisory bodies
Federal aid to community development
Federal home loan banks
Federally-assisted loans
Federally-guaranteed loans
Government Operations and Politics
Government corporations
Government lending
American Communities Investment Act of 1999
Introduced: July 11, 2000
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2000
Referred to the Subcommittee on Housing and Community Opportunity.
Jul 11, 2000
Referred to the House Committee on Banking and Financial Services.
Jul 11, 2000
Introduced in House
Plain-English summary
American Communities Investment Act of 1999 - Amends the Housing and Community Development Act of 1974 to revise requirements for the maximum amount of outstanding loan guarantees for a single issuer in connection with community development. Mandates participation of the major stakeholders in the community in which activities funded with guaranteed obligations will be implemented.
Amends the Federal Home Loan Bank Act to set forth parameters within which: (1) Federal home loan banks may make advances to a nonmember mortgagee for community lending purposes; and (2) each Federal home loan bank shall establish a Community Lending Fund to facilitate community lending by its members and nonmember mortgagees.
What's happening now
Referred to the Subcommittee on Housing and Community Opportunity.
Committees of jurisdiction
2