[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1355 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1355

   To amend the Federal Home Loan Bank Act to expand the purposes of 
 advances and collateral available to community development financial 
                             institutions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2015

  Mr. Ellison (for himself, Mr. Stivers, Mr. Paulsen, Mrs. Carolyn B. 
 Maloney of New York, Mr. Delaney, and Mr. Cartwright) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Home Loan Bank Act to expand the purposes of 
 advances and collateral available to community development financial 
                             institutions.

    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 ``The Small Business and Community 
Investments Expansion Act of 2015''.

SEC. 2. EXPANDING THE PURPOSES OF ADVANCES AND COLLATERAL AVAILABLE TO 
              COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS.

    Section 10(a) of the Federal Home Loan Bank Act (12 U.S.C. 1430(a)) 
is amended--
            (1) in paragraph (2)(B), by inserting ``or community 
        development financial institution (as defined in section 103 of 
        the Riegle Community Development and Regulatory Improvement Act 
        of 1994 (12 U.S.C. 4702))'' after ``community financial 
        institution''; and
            (2) in paragraph (3)(E), by inserting ``or community 
        development financial institution (as defined in section 103 of 
        the Riegle Community Development and Regulatory Improvement Act 
        of 1994 (12 U.S.C. 4702))'' after ``community financial 
        institution''.
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