To authorize the Secretary of the Treasury to issue guarantee commitments for debt securities issued by the Community Development Financial Institutions Fund, and for other purposes.
Community Development Financial Institutions Fund Securities Guarantee Act of 1995 - Amends the Community Development Banking and Financial Institutions Act of 1994 to authorize the Secretary of the Treasury to issue guarantees for debt securities issued by the Community Development Financial Institutions Fund. Specifies a $2 billion per fiscal year maximum and 20-year term for such guarantees. Sets forth provisions limiting such guarantees and their costs to the extent such amounts are provided in advance in appropriation Acts.
Provides that a prohibition under the Act against Fund issuance of stocks, bonds, debentures, notes or other securities shall not apply to its issuance of guaranteed debt instruments. Prohibits the use of proceeds from the issuance of such securities to provide financial assistance, including equity investment, to any community development financial institution with assets of more than $50 million.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to the Subcommittee on Housing and Community Opportunity.
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