[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 1469 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                S. 1469

 To amend the Community Development Banking and Financial Institutions 
  Act of 1994 with respect to population outmigration levels in rural 
                                 areas.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 30, 1999

  Mr. Conrad introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To amend the Community Development Banking and Financial Institutions 
  Act of 1994 with respect to population outmigration levels in rural 
                                 areas.

    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 ``CDFI Technical Corrections Act''.

SEC. 2. RURAL INVESTMENT AREAS.

    Section 103(16)(A) of the Community Development Banking and 
Financial Institutions Act of 1994 (12 U.S.C. 4702(16)(A)) is amended--
            (1) in clause (i), by striking ``and'' at the end;
            (2) in clause (ii), by striking ``or'' at the end and 
        inserting ``and''; and
            (3) by adding at the end the following:
                    ``(iii)(I) is located outside of a metropolitan 
                statistical area; and
                    ``(II) experienced a net migration loss (defined 
                for purposes of this clause as a lower number of 
                persons migrating into that metropolitan statistical 
                area than the number of persons migrating out of that 
                metropolitan statistical area) of not less than 10 
                percent between 1980 and 1990; or''.
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