H.R. 1833 · 115th Congress
Investing in America's Small Businesses Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MaloneySponsor19 cosponsors · 19 D
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Adams
YC
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Clarke
AC
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Carson
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Ellison
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Evans
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Norton
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Plaskett
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Velázquez
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Vargas
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Lee
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Lieu
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Lawson
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Raskin
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Garamendi
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Napolitano
AB
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Brown
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Meeks
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Costa
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Richmond9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions for: (1) the establishment of loan-loss reserve funds to defray the costs of small business lending, and (2) related technical assistance.
What it does: CRS summary · Introduced in House · Mar 30, 2017
Investing in America's Small Businesses Act of 2017
This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions for: (1) the establishment of loan-loss reserve funds to defray the costs of small business lending, and (2) related technical assistance.
A community development financial institution must provide nonfederal matching funds equal to 50% of the amount of any grant received.
A grantee may not use grant funds to make direct loans to small businesses.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investing in America's Small Businesses Act of 2017
Latest action (Mar 30, 2017): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 30, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.