National Investment Corporation Act

Summary

National Investment Corporation Act - Creates the National Investment Corporation to encourage productivity growth in the United States economy through targeted use of financial resources to: (1) modernize industries; (2) accelerate the growth of high technology and other evolving industries; and (3) insure balanced economic growth across the country. Permits the Corporation to issue and the Secretary of the Treasury to purchase a specified amount of common stock. Authorizes the Corporation to issue its own notes, debentures, bonds, or other such obligations. Requires the Federal Financing Bank to purchase them. Sets forth the powers of the Corporation, including lending, loan purchase or guarantee, and securities acquisition. Sets forth the the criteria for selecting projects for financial assistance under this Act.

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Timeline

1. 1 February 1983

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 1 February 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 23 February 1983

   Committee

   Committee on Banking requested executive comment from Treasury Department, Commerce Department, Labor Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 1 February 1983

  Open at official source

Sponsors

• Sen. Byrd, Robert C. [D-WV] · D · Sponsor
• Sen. Melcher, John [D-MT] · D · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• · ssbk00 · Standing

Related records

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