Summary: H.R.3656 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.3656. Bill summaries are authored by CRS.

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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.