[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5045 Introduced in House (IH)]







109th CONGRESS
  2d Session
                                H. R. 5045

  To amend the Community Reinvestment Act of 1977 to allow community 
  reinvestment credit for investments and other financial support to 
      enable veterans to purchase residential homes or to assist 
   organizations with the establishment of housing opportunities and 
                assisted living facilities for veterans.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 2006

  Mr. Lynch introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
  To amend the Community Reinvestment Act of 1977 to allow community 
  reinvestment credit for investments and other financial support to 
      enable veterans to purchase residential homes or to assist 
   organizations with the establishment of housing opportunities and 
                assisted living facilities for veterans.

    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 ``A Home for the Brave Act''.

SEC. 2. COMMUNITY REINVESTMENT CREDITS FOR CERTAIN SUPPORT FOR 
              VETERANS.

    Section 804 of the Community Reinvestment Act of 1977 (12 U.S.C. 
2903) is amended by adding at the end the following new subsection:
    ``(d) Homes for Veterans.--In assessing and taking into account, 
under subsection (a), the record of a financial institution, the 
appropriate Federal financial supervisory agency shall consider, as a 
factor, capital investments, low interest loans, loan participation, 
technical assistance, and grants by the institution to support or 
enable--
            ``(1) any veteran (as such term is defined in section 101 
        of title 38, United States Code) to purchase a home for use as 
        the principal residence of the veteran; and
            ``(2) any entity that is establishing housing opportunities 
        or assisted living facilities for veterans to carry out such 
        activities.''.
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