Community Development Bank Act

Summary

TABLE OF CONTENTS: Title I: Community Development Banks Title II: Conforming Amendments Community Development Bank Act - Title I: Community Development Banks - Authorizes the Comptroller of the Currency to charter certain national banking associations (community development banks) that will: (1) engage primarily in community development activities; (2) be capitalized by insured depository institutions as its shareholders; and (3) provide credit, capital, and related services to revitalize distressed urban and rural communities. Restricts such a bank's loans and investments to provide a reasonable economic return to the bank and its shareholders consistent with its primary community development purpose. Mandates: (1) such bank's coordination with certain Federal agencies regarding its community development activities; and (2) an annual onsite examination to evaluate its compliance with this Act and its record of meeting community credit needs. Title II: Conforming Amendments - Amends the Federal Credit Union Act to: (1) authorize the National Credit Union Administration Board (the Board) to provide technical assistance to community development credit unions by using the interest earned from authorized investments in Treasury securities; and (2) direct the Board to study and report to certain congressional committees on regulatory and legislative changes that may be necessary to ensure the viability and productivity of community development activities by credit unions.

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Timeline

1. 6 August 1993

   Introduced

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

   Source: IntroReferral

2. 6 August 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 August 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 August 1993

   Referred

   Referred to the Subcommittee on Consumer Credit and Insurance.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 August 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 August 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 August 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 6 August 1993

  Open at official source

  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. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Knollenberg, Joe [R-MI-9] · R · Sponsor
• Rep. Linder, John [R-GA-7] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Community Development Bank Act