    [Public Papers of the Presidents of the United States: William J. Clinton (1997, Book II)]
    [October 12, 1997]
    [Page 1342]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on the 20th Anniversary of the Community Reinvestment Act
    October 12, 1997

        On the 20th anniversary of the Community Reinvestment Act (CRA), we
    should all be proud of what that law has meant for low- and moderate-
    income Americans of all races. Although we still have a long way to go
    in bringing all Americans into the economic mainstream, under CRA the
    private sector has pumped billions of dollars of credit to build
    housing, create jobs, and restore hope in communities left behind.

    Note: This statement was made available by the Office of the Press
    Secretary on October 11 but was embargoed for release until 12:01 a.m.
    on October 12.