Small Business and Community Investments Expansion Act of 2017 2017-01-27 Introduced in House Small Business and Community Investments Expansion Act of 2017

This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.

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