United States · Bill · HR
H.R. 4308 (112th)
Detroit Growth and Stability Act of 2012
Introduced
29 March 2012
Last action
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Status
Referred to the House Committee on Oversight and Government Reform.
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
Summary
Detroit Growth and Stability Act of 2012 - Authorizes the Secretary of the Treasury to: (1) make loans to a financing agent authorized by the state of Michigan to act on behalf of the city of Detroit, Michigan, for which the financing agent and the city shall be jointly and severally liable; and (2) require the city and the financing agent to provide security for such loans. Limits the aggregate amount of loans outstanding to $500 million. Terminates the authority of the Secretary to make such loans on January 1, 2016. Establishes in the Treasury the City of Detroit Growth and Stability Fund for purposes of making such loans.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 29 March 2012
Introduced in House (PDF)
Introduced in House · EN · 29 March 2012
Introduced in House
summary · EN · 29 March 2012
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/house-bill/4308
- Open data entity: https://api.congress.gov/v3/bill/112/hr/4308