H.R. 3853 (103rd): Economic Revitalization Act of 1994

Introduced:
Feb 10, 1994 (103rd Congress, 1993–1994)
Sponsor:
Rep. Herbert Klein [D-NJ8]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 10, 1994, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 10, 1994
Cosponsors
5 cosponsors (5D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To stimulate private investment, economic development, and the creation of jobs in the private sector by authorizing the Secretary of the Treasury to participate in loans, and guarantee a portion of loans, made by banks and other qualified lenders for businesses with potential for expansion and growth and for other viable economic development projects, and for other purposes.

Summary

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Text

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Last updated Feb 10, 1994.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/10/1994--Introduced.
Economic Revitalization Act of 1994 - Amends Federal law to set forth conditions under which the Secretary of the Treasury may: (1) participate in and guarantee loans made by certain participating financial institutions to specified sound business enterprises ("qualified loans"); and (2) issue securities backed by a pool of qualified loans acquired by the Secretary for such purpose.

House Republican Conference Summary

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House Democratic Caucus Summary

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