3.0.0 4173 2023-01-11T13:26:52Z 2023-01-11T13:26:52Z House H HR 2014-03-06 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. HAHN:H.R. 4173.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clauses 1 and 18 of theUnited States Constitution.[Page H2257]]]> hsba00 Financial Services Committee House Standing Referred to 2014-03-06T14:04:05Z 2014-03-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-03-06 Sponsor introductory remarks on measure. (CR E330) IntroReferral B00100 9 Library of Congress 2014-03-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-03-06 Introduced in House IntroReferral 1000 9 Library of Congress H001063 Rep. Hahn, Janice [D-CA-44] Janice Hahn D CA 44 N G000564 Rep. Gibson, Christopher P. [R-NY-19] Christopher Gibson R NY P. 19 2014-03-06 True N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2014-04-28 False Housing and Community Development Air quality Environmental technology Government information and archives Government lending and loan guarantees Hazardous wastes and toxic substances Housing and community development funding Housing supply and affordability Industrial facilities Public transit Urban and suburban affairs and development Housing and Community Development 00 2014-03-06 Introduced in House 2014-06-23T19:43:22Z Brownfield Redevelopment and Economic Development Innovative Financing Act of 2014 - Directs the Secretary of Housing and Urban Development (HUD) to establish the Brownfield Redevelopment and Economic Development Innovative Financing Program, under which the Secretary may guarantee the repayment of loans made by lenders to local governments, local redevelopment agencies, or Base Realignment and Closure Commission (BRAC) redevelopment projects to carry out projects for redeveloping brownfields and promoting urban renewal.

Requires such an entity, in order to receive such a loan guarantee, to submit: (1) a master plan that describes the proposed brownfield redevelopment project, demonstrates that such project will result in major redevelopment, provides evidence of investment commitments from non-federal entities, and includes a remediation action plan approved by the Environmental Protection Agency (EPA); and (2) a certification from EPA that the brownfield to be redeveloped requires environmental remediation. Prohibits an entity from: (1) receiving a loan guarantee if it was responsible for contaminating the brownfield to be redeveloped, or (2) having more than one outstanding loan that is guaranteed under the Program.

Sets forth requirements regarding an eligible loan's principal amount, interest rate, duration, and repayment terms. Directs the Secretary to establish criteria for selecting entities to receive loan guarantees.

]]> Brownfield Redevelopment and Economic Development Innovative Financing Act of 2014 Display Title Brownfield Redevelopment and Economic Development Innovative Financing Act of 2014 Official Title as Introduced To establish the Brownfield Redevelopment and Economic Development Innovative Financing program to promote urban renewal, and for other purposes. Introduced in House IH Short Titles as Introduced Brownfield Redevelopment and Economic Development Innovative Financing Act of 2014 Introduced in House 2014-03-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4173ih/xml/BILLS-113hr4173ih.xml 2014-03-06 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.