Community Development Financial Institutions Act of 1993 S, 1275 (Classic Reprint) - Hardcover

United States ; Congress ; Senate ; Committee On Banking

9780656355341: Community Development Financial Institutions Act of 1993 S, 1275 (Classic Reprint)

Hardcover

ISBN 10: 0656355344 ISBN 13: 9780656355341

Publisher: Forgotten Books, 2018

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Explore how a 1993 act poised to expand community lenders could reshape lending in distressed communities.

This nonfiction text presents the opening statements, witness testimonies, and legislative context around the Community Development Financial Institutions Act of 1993 (S. 1275). It outlines proposals to strengthen the Community Reinvestment Act, support specialized intermediaries, and build a national network of community development financial institutions that can channel capital to underserved areas. The material highlights the administration’s goals, areas of debate, and practical considerations for deploying capital in low‑income and rural communities.

Readers will gain insight into the policy discussions, the roles of federal agencies, and the arguments for equity funding, performance‑based support, and staged growth. The document also includes perspectives on implementation challenges, interstate banking issues, and the potential impact on local borrowers and small businesses.

Key provisions and major provisions of S. 1275, as discussed by policymakers
How CDFIs operate, and why equity capital is seen as essential
Arguments for and against expanding regulatory and legislative tools to boost community lending
Real‑world examples and outcomes shaping the debate on capital access

Ideal for readers of public policy, economic development, and finance who want an accessible view of how federal efforts aim to mobilize capital for underserved communities.

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