The Small Business and Community Investments Expansion Act of 2013
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The Small Business and Community Investments Expansion Act of 2013
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1. Short title
- This Act may be cited as the "The Small Business and Community Investments Expansion Act of 2013".
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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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