HR 4363
98th Congress
House
Finance and Financial Sector
Business and commerce
Corporations and Stocks
Development credit institutions
Government and business
Government corporations
Industrial costs
Mortgages
Federal Industrial Mortgage Association Act
Introduced: November 10, 1983
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 1983
Subcommittee Hearings Held.
Nov 15, 1983
Referred to Subcommittee on Economic Stabilization.
Nov 10, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
Nov 10, 1983
Introduced in House
Plain-English summary
Federal Industrial Mortgage Association Act - Establishes a corporation to be known as the Federal Industrial Mortgage Association. Authorizes the Corporation to purchase, and to make commitments to purchase, industrial mortgages from any qualified financial institution.
Authorizes the Corporation to set priorities regarding the types of industrial mortgages to be purchased. Requires the operations of the Corporation to be confined to industrial mortgages that meet specified criteria.
Sets forth the criteria for the purchase of industrial mortgages.
Provides the Corporation with $100,000,000 of capital stock.
Authorizes appropriations for FY 1984.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2