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

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

Referred to Committee
Last Action: Jul 27, 1977


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

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

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


No summaries available.


House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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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.

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

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No summary available.

House Democratic Caucus Summary

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