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Tracker:

This bill gets the status Introduced

Here you will find the actions for reputation of Legislation:

More on This Bill

Subject — Policy Area:

Text: S.1347 — 109th Congress (2005-2006) All Information (Except Text)

There is certainly one form of the balance.

Text available as:

Shown Right Right Here: Introduced in Senate (06/30/2005)

To authorize demonstration task funds to entities to give low-cost, little loans.

Mr. Akaka introduced the following bill; that has been read twice and referred to your Committee on Banking, Housing, and Urban Affairs

To authorize demonstration task funds to entities to give low-cost, tiny loans.

SECTION 1. give system for low-cost options to pay day loans .

(a) brief name .—This area can be cited due to the fact “Low-Cost Alternatives to payday advances Act”.

(b) Definitions .—In this Act:

(1) C OMMUNITY DEVELOPING STANDARD BANK .—The term “community development institution that is financial means any company which has been certified as a residential district development lender pursuant to area 1805.201 of name 12, Code of Federal Regulations.

(2) F EDERALLY INSURED DEPOSITORY ORGANIZATION .—The term “federally insured depository institution” means any insured depository institution (as defined in area 3 regarding the Federal Deposit Insurance Act (12 U.S.C. 1813)) or any insured credit union (as defined in area 101 of this Federal Credit Union Act (12 U.S.C. 1752)).

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