HR 1833
115th Congress
House
Finance and Financial Sector
Business investment and capital
Credit and credit markets
Housing and community development funding
Small business
Investing in America's Small Businesses Act of 2017
Introduced: March 30, 2017
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2017
Referred to the House Committee on Financial Services.
Mar 30, 2017
Sponsor introductory remarks on measure. (CR E418)
Mar 30, 2017
Introduced in House
Plain-English summary
Investing in America's Small Businesses Act of 2017
This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions for: (1) the establishment of loan-loss reserve funds to defray the costs of small business lending, and (2) related technical assistance.
A community development financial institution must provide nonfederal matching funds equal to 50% of the amount of any grant received.
A grantee may not use grant funds to make direct loans to small businesses.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1