To amend the Federal Home Loan Bank Act to expand the purposes of advances and collateral available to community development financial institutions.
Small Business and Community Investments Expansion Act of 2015
Amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make long-term secured advances to their members to provide funds to community development financial institutions.
Requires a Bank, at the time of origination or renewal of a loan or advance, to obtain and maintain a security interest in collateral eligible pursuant to any secured loan for any community development financial institution.
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S7104-7105)
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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