House Bill 1833
115th Congress(2017-2018)
Investing in America's Small Businesses Act of 2017
Introduced
Introduced in House on Mar 30, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1833
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
March 30, 2017
03/30/2017
Referred to the House Committee on Financial Services.
03/30/2017
Sponsor introductory remarks on measure. (CR E418)
03/30/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:27 PM