Business, Commercial, and Community Development Secondary Market Development Act

Summary

Business, Commercial, and Community Development Secondary Market Development Act - Prescribes guidelines under which any person or governmental unit may be certified by the Secretary of the Treasury as a secondary market facilitating organization (organization) which raises capital for business, commercial, and community development by: (1) the placement of debt and equity securities; (2) the guarantee of timely payment of principal or interest on such securities; and (3) the sale or purchase of business, commercial, and community development debt and equity assets. Provides for: (1) Federal examination and oversight of such organizations; (2) mandatory submission to the Secretary of annual organization status reports; and (3) assessments and fees for examination and administrative costs. Declares that the obligations of the organizations are not backed by either the full faith and credit of the United States or any Federal guarantees. Directs the Financial Institutions Examination Council to establish uniform reporting standards for such debt and equity investments for bank examination purposes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 July 1993

   Introduced

   Sponsor introductory remarks on measure. (CR E1701-1702)

   Source: IntroReferral

2. 1 July 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 July 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 July 1993

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

5. 15 July 1993

   Referred

   Referred to the Subcommittee on Economic Growth and Credit Formation.

   Source: Committee

6. 23 September 1993

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 7 October 1993

   Committee

   Subcommittee Hearings Held.

   Source: Committee

8. 3 November 1993

   Committee

   Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

   Source: Committee

9. 3 November 1993

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

10. 9 March 1994

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 5.

    Source: Committee

11. 9 March 1994

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 July 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 July 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 July 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 1 July 1993

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  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
• Rep. Orton, Bill [D-UT-3] · D · Sponsor
• Rep. Klein, Herbert C. [D-NJ-8] · D · Sponsor
• Rep. Moran, James P. [D-VA-8] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Cosponsor
• Sen. Johnson, Tim [D-SD] · D · Cosponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Cosponsor
• Rep. Furse, Elizabeth [D-OR-1] · D · Cosponsor
• Del. Underwood, Robert A. [D-GU-At Large] · D · Cosponsor
• Rep. Dooley, Calvin M. [D-CA-20] · D · Cosponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Cosponsor
• Rep. Flake, Floyd H. [D-NY-6] · D · Cosponsor
• Rep. Minge, David [D-MN-2] · D · Cosponsor
• · hsba00 · Standing

Related records

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