A bill to expand the availability of long-term capital for industrial mortgages.
Federal Industrial Mortgage Association Act - Establishes a corporation to be known as the Federal Industrial Mortgage Association. Authorizes the Corporation to purchase, and to make commitments to purchase, industrial mortgages from any qualified financial institution.
Authorizes the Corporation to set priorities regarding the types of industrial mortgages to be purchased. Requires the operations of the Corporation to be confined to industrial mortgages that meet specified criteria.
Sets forth the criteria for the purchase of industrial mortgages.
Provides the Corporation with $100,000,000 of capital stock.
Authorizes appropriations for FY 1984.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Economic Stabilization.
Subcommittee Hearings Held.
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