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Small Business and Community Investments Expansion Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 5612
Small Business and Community Investments Expansion Act of 2020
This bill allows a Federal Home Loan Bank to make long-term advances to certain community development financial institutions and insured credit unions for activities related to small businesses, small farms, small agri-businesses, and community development. Currently, only certain community development financial institutions may qualify for these advances.
Read the Full Bill
Current Status of Bill HR 5612
Bill HR 5612 is currently in the status of Bill Introduced since January 15, 2020. Bill HR 5612 was introduced during Congress 116 and was introduced to the House on January 15, 2020. Bill HR 5612's most recent activity was Referred to the House Committee on Financial Services. as of January 15, 2020
Bipartisan Support of Bill HR 5612
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5612
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Credit and credit markets
- Housing and community development funding
Alternate Title(s) of Bill HR 5612
Small Business and Community Investments Expansion Act of 2020
To amend the Federal Home Loan Bank Act to allow for advances to certain community development financial institutions and credit unions, and for other purposes.
Small Business and Community Investments Expansion Act of 2020
Comments
Sponsors and Cosponsors of HR 5612
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