,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cggd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bj1 #bjbj,mr4    
,pet]s introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,,c>es ,act to       
e/abli% a ,community ,capital ,inve/m5t 
,program1 & = o!r purposes4  #a4        
,community ,capital ,inve/m5t ,program  
,section #djjc ( ! ,,c>es ,act 7,public 
,law #aaf-acf7 is am5d$ by add+ at ! end
 ! foll[+3  7i7 ,community ,capital     
,inve/m5t ,program  7#a7 ,9 g5]al ,!    
,secret>y %all e/abli% a ,community     
,capital ,inve/m5t ,program to support !
 ef=ts ( community inve/m5t in/itutions 
to provide loans & =be>ance = small     
bus9esses1 m9ority-own$ bus9esses1 &    
consum]s1 especially 9 l[-income &      
und]s]v$ communities1 by-- 7,a7 provid+ 
direct capital inve/m5ts 9 community    
inve/m5t in/itutions2 &  7,b7 provid+   
loans to community inve/m5t             
in/itutions-- 7i7 t are int]e/-free     

loans2  7ii7 t h a loan t]m ( #e ye>s2  
7iii7 ) respect to :i* no loan paym5t is
 requir$ "u at lea/ ! end ( ! #ahj-;day 
p]iod beg9n+ on ! date ! loan is made1  
or su* long] t]m z ! ,secret>y may      
det]m9e appropriate4  7#b7 ,application 
date ,! ,secret>y %all beg9 accept+     
applications = capital inve/m5ts & loans
 "u ! ,program n lat] ?an ! end ( !     
#aj-;day p]iod beg9n+ on ! date (       
enactm5t ( ?is subsection4  7#c7        
,divid5d rate ,any pref]r$ /ock or o!r  
f9ancial in/rum5t issu$ to ! ,secret>y 9
 ex*ange = a capital inve/m5t "u !      
,program %all c>ry a divid5d or int]e/  
rate t does n exce$-- 7,a7 #a p]c5t1    
dur+ ! #c-ye> p]iod foll[+ ! date on :i*
 su* in/rum5t is issu$2 &  7,b7 #c      
p]c5t1 aft] ! #c-ye> p]iod describ$ "u  
subp>agraph 7,a74  7#d7 ,re/rictions ,! 
re/rictions describ$ "u subsection      
7c77#c77;,a77ii7 %all apply to capital  
inve/m5ts & loans made "u ?is           
subsection4  7#e7 ,available am\nts ,9  
c>ry+ out ! ,program1 ! ,secret>y %all  

use am\nts made available "u subsection 
7b71 not)/&+ ! limitations on ! use (   
su* funds "u p>agraphs 7#a7 ?r\gh 7#d7 (
 su* subsection 7b74  7#f7 ,def9itions  
,9 ?is subsection3 7,a7 ,community      
inve/m5t in/itution ,! t]m community    
inve/m5t in/itution means-- 7i7 a       
community developm5t f9ancial           
in/itution1 z def9$ 9 section #ajc ( !  
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb72  7ii7 an impact cr$it
 union2  7iii7 an impact bank2 &  7iv7 a
 m9ority depository in/itution1 z def9$ 
9 section #cjh ( ! ,f9ancial            
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4   
#adfc note74  7,b7 ,cr$it union ,! t]m  
cr$it union means a ,/ate cr$it union & 
,f$]al cr$it union1 z def9$ 9 section   
#aja ( ! ,f$]al ,cr$it ,union ,act 7#ab 
,u4,s4,c4 #ageb74  7,c7 ,impact cr$it   
union ,! t]m impact cr$it union means a 
cr$it union t-- 7i7 has total           
consolidat$ assets ( less ?an           

#aj1jjj1jjj1jjj2 &  7ii7 ext5ds at lea/ 
#ej p]c5t ( ! loans ext5d$ by ! cr$it   
union to borr[]s :o are l[-income       
borr[]s1 z det]m9$ by ! ,secret>y4  7,d7
 ,impact bank ,! t]m impact bank means a
 depository in/itution1 z def9$ 9       
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac7   
t-- 7i7 has total consolidat$ assets (  
less ?an #aj1jjj1jjj1jjj2 &  7ii7 ext5ds
 at lea/ #ej p]c5t ( ! loans ext5d$ by !
 in/itution to borr[]s :o are l[-income 
borr[]s1 z det]m9$ by ! ,secret>y4  7,e7
 ,program ,! t]m ,program means !       
,community ,capital ,inve/m5t ,program4 
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