H.R.3656 - Small Business and Community Investments Expansion Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Ellison, Keith [D-MN-5] (Introduced 12/05/2013)|
|Committees:||House - Financial Services|
|Latest Action:||House - 12/05/2013 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3656 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (12/05/2013)
The Small Business and Community Investments Expansion Act of 2013 - Amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make long-term secured advances to their members to provide funds to community development financial institutions.
Requires a Bank, at the time of origination or renewal of a loan or advance, to obtain and maintain a security interest in collateral eligible pursuant to any secured loan for any community development financial institution.