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United States · Bill · HR

H.R. 629 (106th)

Community Development Financial Institutions Fund Amendments Act of of 1999

openUnited States· United States Congress· EN

Introduced

8 February 1999

Last action

14 June 1999 · Reported

Status

Placed on the Union Calendar, Calendar No. 104.

Sponsors

Rep. Vento, Bruce F. [D-MN-4], Rep. Roukema, Marge [R-NJ-5], Rep. LaFalce, John J. [D-NY-29], Rep. Walsh, James T. [R-NY-25], Rep. Frost, Martin [D-TX-24], Rep. Olver, John W. [D-MA-1], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Schakowsky, Janice D. [D-IL-9], Rep. McGovern, James P. [D-MA-2], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Bentsen, Ken [D-TX-25], Rep. Farr, Sam [D-CA-20], Rep. Jefferson, William J. [D-LA-2], Rep. Sandlin, Max [D-TX-1], Rep. Frank, Barney [D-MA-4], Rep. Barrett, Thomas M. [D-WI-5], Rep. DeGette, Diana [D-CO-1], Rep. Brown, George E., Jr. [D-CA-42], Rep. Rush, Bobby L. [D-IL-1], Rep. Castle, Michael N. [R-DE-At Large], Rep. Fattah, Chaka [D-PA-2], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Gutierrez, Luis V. [D-IL-4]

Subjects

Discovery layer

Source updated

20 August 2025

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Summary

Community Development Financial Institutions Fund Amendments Act of 1999 - Modifies the Community Development Banking and Financial Institutions Act of 1994 (the Act) to expand its purposes to include promotion of economic revitalization and community development through incentives to insured depository institutions that increase lending and other assistance and investment in both economically distressed communities and community development financial institutions. (Sec. 2) Places the Community Development Financial Institutions Fund in the Department of the Treasury and all Fund functions under the supervision of the Secretary of the Treasury. (Sec. 3) Authorizes the Fund to offer community development finance activity training programs through grants or cooperative agreements with other organizations (as well as directly or through contracts). (Sec. 4) Authorizes appropriations for FY 2000 through 2003. (Sec. 6) Requires the Fund to: (1) develop a scoring system which assigns a relative point value to each factor required in connection with applicant selection criteria; (2) convene multiperson review panels to review applications on the basis of such factors and the scoring system; and (3) include in its annual report specified contract and compliance information, as well as a complete description of the implementation of the scoring system and its methodology. Directs the Comptroller General to report to the Congress on Fund structure, governance, and performance.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 February 1999

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  2. 8 February 1999

    Introduced

    Sponsor introductory remarks on measure. (CR E153)

    Source: IntroReferral

  3. 8 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 25 February 1999

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

  6. 26 May 1999

    Committee

    Subcommittee on Financial Institutions and Consumer Credit Discharged.

    Source: Committee

  7. 26 May 1999

    Reported

    Ordered to be Reported by Voice Vote.

    Source: Committee

  8. 26 May 1999

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  9. 26 May 1999

    Committee

    Committee Hearings Held.

    Source: Committee

  10. 14 June 1999

    Calendars

    Placed on the Union Calendar, Calendar No. 104.

    Source: Calendars

  11. 14 June 1999

    Reported

    Reported by the Committee on Banking and Financial Services. H. Rept. 106-183.

    Source: Committee

  12. 14 June 1999

    Reported

    Reported by the Committee on Banking and Financial Services. H. Rept. 106-183.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported in House (text)

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Leesvertaling

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  • Reported in House (text)

    Reported in House · EN · 14 June 1999

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  • Reported in House (PDF)

    Reported in House · EN · 14 June 1999

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  • Introduced in House (text)

    Introduced in House · EN · 8 February 1999

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  • Introduced in House (PDF)

    Introduced in House · EN · 8 February 1999

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  • Introduced in House

    summary · EN · 8 February 1999

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Sponsors

Related records

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Sources

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