H.R.1674 - National Consumer Cooperative Bank Act Amendments of 2009

To amend the National Consumer Cooperative Bank Act to allow for the treatment of the nonprofit corporation affiliate of the Bank as a community development financial institution for purposes of the Community Development Banking and Financial Institutions Act of 1994. view all titles (3)

All Bill Titles

  • Short: National Consumer Cooperative Bank Act Amendments of 2009 as introduced.
  • Official: To amend the National Consumer Cooperative Bank Act to allow for the treatment of the nonprofit corporation affiliate of the Bank as a community development financial institution for purposes of the Community Development Banking and Financial Institutions Act of 1994. as introduced.
  • Short: National Consumer Cooperative Bank Act Amendments of 2009 as passed house.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
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03/23/09
 
06/16/09
 
 
 
 
 

Official Summary

National Consumer Cooperative Bank Act Amendments of 2009 - Amends the National Consumer Cooperative Bank Act to declare that a nonprofit corporation (established to succeed the abolished Office of Self-Help Development and Technical Assistance) shall be deemed to be a community development

Official Summary

National Consumer Cooperative Bank Act Amendments of 2009 - Amends the National Consumer Cooperative Bank Act to declare that a nonprofit corporation (established to succeed the abolished Office of Self-Help Development and Technical Assistance) shall be deemed to be a community development financial institution, unless the National Consumer Cooperative Bank or any of its affiliates participates in certain depository institution incentives under the Community Development Banking and Financial Institutions Act of 1994.

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