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 2017
This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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