[Comments on this legislation] [Post new comment] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

• Introduced by Rep. Bob Hasegawa, (D-Seattle) (D) on January 14, 2009, to allow loans to community development financial institutions through the linked deposit program. This bill would allow such loans as long as they are certified by the U.S. treasury and they are available to minority or women business enterprise.
  • Referred to the House Financal Institutions & Insurance Committee on January 14, 2009.
  • Referred to the House Rules Committee on February 19, 2009.
• Passed in the House (62 to 33) on March 4, 2009. [Vote Details and Comments]
• Received in the Senate on March 5, 2009.
  • Referred to the Senate Financial Institutions, Housing & Insurance Committee on March 5, 2009.
    • Amendment offered in the Senate on March 26, 2009, to allow the treasurer to deposit surplus funds in depositories to allow linked deposit loans to Community Development Financial Institutions (CDFI) . The amendment passed in the Senate by voice vote on March 26, 2009.
  • Referred to the Senate Rules Committee on March 26, 2009.
• Passed in the Senate (33 to 12) on April 2, 2009. [Vote Details and Comments]
• Received in the House on April 20, 2009. Passed in the House (64 to 34) on April 20, 2009. [Vote Details and Comments]
• Signed by Gov. Christine Gregoire on May 7, 2009, to allow loans to community development financial institutions through the linked deposit program. This bill would allow such loans as long as they are certified by the U.S. treasury and they are available to minority or women business enterprises. House amendment allows the treasurer to deposit surplus funds in depositories which allows linked deposit loans to Community Development Financial Institutions (CDFI).