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United States · Bill · HR

H.R. 3349 (104th)

American Cities Investment Act of 1996

referredUnited States· United States Congress· EN

Introduced

30 April 1996

Last action

Status

Referred to the Subcommittee on Housing and Community Opportunity.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

American Cities Investment Act of 1996 - Amends the Housing and Community Development Act of 1974 to: (1) set limitations on maximum outstanding loan guarantees issued by the Secretary of Housing and Urban Development; (2) authorize the Secretary to guarantee advances from Federal Home Loan Banks; and (3) expand the community participation requirements to include major stakeholders. Amends the Federal Home Loan Bank Act to authorize advances to units of local government for community development purposes pursuant to such loan guarantees.

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Documents

3 official files

Introduced in House (text)

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