A bill to authorize a grant program that strengthens the capacity of community development financial institutions through alignment with national service participants.
Economic Mobility Corps Act of 2019
This bill establishes the Economic Mobility Corps for the purpose of providing support to community development financial institutions and projects related to financial counseling, financial services, job placement, small business financing, affordable rental housing financing, commercial facility financing, community facility financing, single-family home financing, and foreclosure prevention services. Specifically, the Corporation for National and Community Service and the Department of the Treasury must establish grants and other support for this program.
Referred to the House Committee on Education and Labor.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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