Community Development Investment Enhancements Act of 2006

Summary

Community Development Investment Enhancements Act of 2006 - Amends the Revised Statues of the United States and the Federal Reserve Act to increase from 10% to 15% of its capital stock actually paid in and unimpaired, and from 10% to 15% of its unimpaired surplus fund, the maximum aggregate community development investments of a national banking association or a state member bank, including its subsidiaries. Applies such limits to each such investment. Amends the Home Owners' Loan Act to authorize a federal savings association to make investments designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments). Requires the Director of the Office of Thrift Supervision to establish: (1) the amount any savings association may invest in any one project; and (2) the aggregate amount of investment of any savings association. Declares that the maximum aggregate amount of investments of any savings association is limited to the same 15% of capital stock actually paid in and unimpaired and 15% of unimpaired surplus fund as imposed by this Act on national banking associations and state member banks.

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Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 13 November 2006

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• Referred in Senate (PDF)

  Referred in Senate · EN · 13 November 2006

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• Engrossed in House (text)

  Engrossed in House · EN · 27 September 2006

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• Engrossed in House (PDF)

  Engrossed in House · EN · 27 September 2006

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• Passed House without amendment

  summary · EN · 27 September 2006

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• Introduced in House (text)

  Introduced in House · EN · 13 September 2006

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• Introduced in House (PDF)

  Introduced in House · EN · 13 September 2006

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• Introduced in House

  summary · EN · 13 September 2006

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