[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5125 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5125

    To amend the Community Reinvestment Act of 1977 to enhance the 
availability of investment capital for low- and moderate-income housing 
               in low- and moderate-income neighborhoods.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 28, 1994

 Mrs. Roukema introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

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                                 A BILL


 
    To amend the Community Reinvestment Act of 1977 to enhance the 
availability of investment capital for low- and moderate-income housing 
               in low- and moderate-income neighborhoods.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Community Reinvestment Improvement 
Act of 1994''.

SEC. 2. AMENDMENTS TO COMMUNITY REINVESTMENT ACT OF 1977.

    (a) In General.--Section 804(a)(1) of the Community Reinvestment 
Act of 1977 (12 U.S.C. 2903(a)(1)) is amended by inserting ``or of 
targeted low- and moderate-income neighborhoods designated by the 
appropriate Federal financial supervisory agency or the appropriate 
State bank supervisor'' after ``neighborhoods,''.
    (b) Amendment to Purposes.--Section 802(b) of the Community 
Reinvestment Act of 1977 (12 U.S.C. 2901(b)) is amended by inserting 
``or of targeted low- and moderate-income neighborhoods designated by 
the appropriate Federal financial supervisory agency or the appropriate 
State bank supervisor'' after ``chartered''.
    (c) Amendment to Definitions.--Section 803 of the Community 
Reinvestment Act of 1977 (12 U.S.C. 2902) is amended by adding at the 
end the following new paragraph:
            ``(5) State bank supervisor.--The term ``State bank 
        supervisor'' has the same meaning as in section 3(r) of the 
        Federal Deposit Insurance Act.''.
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