Refugee Guaranteed Loan Act

Summary

Refugee Guaranteed Loan Act - Directs the Secretary of State to: (1) establish a Federal loan guarantee program to encourage private lenders and organizations to provide loans to eligible refugees; and (2) provide direct Federal loans to certain eligible refugees who do not have access to such program. Limits individual loans to $8,500. Requires eligible refugees to participate in such program or be sponsored by a U.S. citizen. Makes a refugee admitted into the United States under such loan program ineligible for one year for: (1) food stamps; (2) aid to families with dependent children; (3) federally-assisted refugee assistance; and (4) supplemental security income under the Social Security Act.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 November 1989

  Open at official source

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