A bill to expand and facilitate urban lending investment by Federal savings and loan associations.

Summary

Title I: Lending and Investment Powers - Amends the Home Owners' Loan Act of 1933 to authorize federal savings and loan associations to invest in cooperative housing. Removes the limitation on the percentage of its assets which a savings and loan association may invest in the following: (1) commercial real estate loans; (2) loans for home improvement and mobile homes; and (3) State and local government bonds to raise revenue for the rehabilitation, financing, or construction of residential real estate.

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

Timeline

1. 7 March 1978

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

2. 7 March 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 7 March 1978

  Open at official source

Sponsors

• Sen. Proxmire, William [D-WI] · D · Sponsor
• Sen. Brooke, Edward W. [R-MA] · R · Cosponsor
• Sen. Cranston, Alan [D-CA] · D · Cosponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Heinz, John [R-PA] · R · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. McIntyre, Thomas J. [D-NH] · D · Cosponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Sen. Sparkman, John J. [D-AL] · D · Cosponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.