[Weekly Compilation of Presidential Documents Volume 33, Number 42 (Monday, October 20, 1997)]
[Page 1556]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
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., 
October 12.