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HR 629 106th Congress House Finance and Financial Sector Accounting Administrative procedure Appropriations Authorization Bank loans Commerce Community Development Financial Institutions Fund Community development banking Congress Congressional investigations Congressional reporting requirements Department of the Treasury Deposit insurance Depressed areas Economics and Public Finance Executive reorganization Federal advisory bodies Federal aid to community development Government Operations and Politics

Community Development Financial Institutions Fund Amendments Act of of 1999

Introduced: February 8, 1999 See on congress.gov
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 Everywhere this bill has been 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 1999
Placed on the Union Calendar, Calendar No. 104.
Jun 14, 1999
Reported by the Committee on Banking and Financial Services. H. Rept. 106-183.
May 26, 1999
Ordered to be Reported by Voice Vote.
May 26, 1999
Committee Consideration and Mark-up Session Held.
May 26, 1999
Committee Hearings Held.
May 26, 1999
Subcommittee on Financial Institutions and Consumer Credit Discharged.
Feb 25, 1999
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 8, 1999
Referred to the House Committee on Banking and Financial Services.
Feb 8, 1999
Sponsor introductory remarks on measure. (CR E153)
Feb 8, 1999
Introduced in House
 Plain-English summary Congressional Research Service

Community Development Financial Institutions Fund Amendments Act of 1999 - Modifies the Community Development Banking and Financial Institutions Act of 1994 (the Act) to expand its purposes to include promotion of economic revitalization and community development through incentives to insured depository institutions that increase lending and other assistance and investment in both economically distressed communities and community development financial institutions.

(Sec. 2) Places the Community Development Financial Institutions Fund in the Department of the Treasury and all Fund functions under the supervision of the Secretary of the Treasury.

(Sec. 3) Authorizes the Fund to offer community development finance activity training programs through grants or cooperative agreements with other organizations (as well as directly or through contracts).

(Sec. 4) Authorizes appropriations for FY 2000 through 2003.

(Sec. 6) Requires the Fund to: (1) develop a scoring system which assigns a relative point value to each factor required in connection with applicant selection criteria; (2) convene multiperson review panels to review applications on the basis of such factors and the scoring system; and (3) include in its annual report specified contract and compliance information, as well as a complete description of the implementation of the scoring system and its methodology.

Directs the Comptroller General to report to the Congress on Fund structure, governance, and performance.

What's happening now June 14, 1999

Placed on the Union Calendar, Calendar No. 104.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3