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H.R. 1355: Small Business and Community Investments Expansion Act of 2015

Title: Small Business and Community Investments Expansion Act of 2015

Introduced: Mar 13, 2015 (114th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Referred to Committee - Referred to the House Committee on Financial Services.

Summary: 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.

Votes

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