H.R. 8692 (95th): National Domestic Development Bank Act

Introduced:
Aug 02, 1977 (95th Congress, 1977–1978)
Status:
Died (Referred to Committee)
Sponsor
Joseph LeFante
Representative for New Jersey's 14th congressional district
Party
Democrat
Related Bills
H.R. 8562 (identical)

Referred to Committee
Last Action: Jul 27, 1977

 
Status

This bill was introduced on August 2, 1977, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 02, 1977
Referred to Committee Aug 02, 1977
 
Full Title

A bill entitled the "National Domestic Development Bank Act."

Summary

No summaries available.

Cosponsors
none
Committees

House Financial Services

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


8/2/1977--Introduced.
National Domestic Development Bank Act - Establishes a National Domestic Development Bank to provide an alternative source of funds for community facilities and economic development.
Outlines the special authority of the Bank to purchase obligations and make loans to finance construction, or reconstruction to energy efficient standards, of community facilities and public works.
Provides for the establishment of a regional operating divisions of the Bank and for technical assistance in areas related to the Bank's activities.
Provides for capitalization of the Bank and an audit report to Congress. Grants the Bank tax-exempt status, with specified limitations.
Provides a partial tax exclusion for individuals for 50 percent of Bank dividends.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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