S.861 - Community Capital Partnership Act of 1993103rd Congress (1993-1994)
|Sponsor:||Sen. Bradley, Bill [D-NJ] (Introduced 04/30/1993)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||04/30/1993 Read twice and referred to the Committee on Banking.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: S.861 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in Senate (04/30/1993)
Community Capital Partnership Act of 1993 - Amends the Housing and Community Development Act of 1992 to make eligible for community investment corporation demonstration grants: (1) Federal and State credit unions; (2) certain nonprofit organizations; and (3) certain depository institutions. Increases the grant amounts available for capital assistance, development services, technical assistance, and training programs.
Amends the Federal Credit Union Act to: (1) increase the appropriations authorized for the Community Development Revolving Loan Fund (the Fund); and (2) authorize the National Credit Union Administration Board to invest idle Fund moneys in U.S. Treasury securities, and to exercise the authority granted it by the Community Development Credit Union Revolving Loan Fund Transfer Act. Directs the Secretary of Housing and Urban Development (the Secretary) to provide operating and capital assistance to existing community development banks, financial institutions, and corporations. Authorizes the Secretary to provide transition assistance to designated community development entities. Authorizes appropriations. Authorizes the Secretary to make grants to eligible nonprofit community development loan and investment funds. Authorizes appropriations.