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HR 3677 112th Congress House Housing and Community Development Community life and organization Economic development Housing and community development funding Minority and disadvantaged businesses Women in business

National Cooperative Development Act

Introduced: December 15, 2011 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2012
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Dec 15, 2011
Referred to the House Committee on Financial Services.
Dec 15, 2011
Introduced in House
 Plain-English summary Congressional Research Service

National Cooperative Development Act - Directs the Secretary of Housing and Urban Development (HUD) to: (1) establish a National Cooperative Development Program to create jobs and increase economic development in underserved areas by promoting cooperative development; and (2) select, through a competitive process and enter into a grant agreement with, a national cooperative development center.

Defines "cooperative organization" as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.

Defines "cooperative development" as specified technical assistance for the establishment of cooperative organizations.

Requires the national center to select local cooperative development centers.

Authorizes the national center to establish up to three local cooperative development centers in each of FY2012-FY2016.

What's happening now January 12, 2012

Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3