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HR 4308 112th Congress House Economics and Public Finance Accounting and auditing Government lending and loan guarantees Government trust funds Michigan State and local finance Urban and suburban affairs and development

Detroit Growth and Stability Act of 2012

Introduced: March 29, 2012 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2012
Referred to the House Committee on Oversight and Government Reform.
Mar 29, 2012
Sponsor introductory remarks on measure. (CR H1796)
Mar 29, 2012
Introduced in House
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 Plain-English summary Congressional Research Service

Detroit Growth and Stability Act of 2012 - Authorizes the Secretary of the Treasury to: (1) make loans to a financing agent authorized by the state of Michigan to act on behalf of the city of Detroit, Michigan, for which the financing agent and the city shall be jointly and severally liable; and (2) require the city and the financing agent to provide security for such loans. Limits the aggregate amount of loans outstanding to $500 million. Terminates the authority of the Secretary to make such loans on January 1, 2016.

Establishes in the Treasury the City of Detroit Growth and Stability Fund for purposes of making such loans.

What's happening now March 29, 2012

Referred to the House Committee on Oversight and Government Reform.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2
D
Cleaver, Emanuel
Missouri · Mar 29, 2012
Hanabusa, Colleen
· Mar 29, 2012
 D
Norton, Eleanor Holmes
District of Columbia · Mar 29, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4308: Detroit Growth and Stability Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4308/
MLA
"H.R. 4308: Detroit Growth and Stability Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4308/.
Bluebook (legal)
H.R. 4308, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4308/.
Markdown link
[H.R. 4308: Detroit Growth and Stability Act of 2012](https://openamerica.io/bill/112-HR-4308/)
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