PlainBillCongress, translated.Legislation. Context. Public interest.Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 5.
Congressional Research Service
Version 00 · Introduced in House · Jul 1, 1993
Business, Commercial, and Community Development Secondary Market Development Act - Prescribes guidelines under which any person or governmental unit may be certified by the Secretary of the Treasury as a secondary market facilitating organization (organization) which raises capital for business, commercial, and community development by: (1) the placement of debt and equity securities; (2) the guarantee of timely payment of principal or interest on such securities; and (3) the sale or purchase of business, commercial, and community development debt and equity assets. Provides for: (1) Federal examination and oversight of such organizations; (2) mandatory submission to the Secretary of annual organization status reports; and (3) assessments and fees for examination and administrative costs. Declares that the obligations of the organizations are not backed by either the full faith and credit of the United States or any Federal guarantees. Directs the Financial Institutions Examination Council to establish uniform reporting standards for such debt and equity investments for bank examination purposes.
People & committees
Rep. Kanjorski, Paul E. [D-PA-11] · D–PA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 5.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Referred to the Subcommittee on Economic Growth and Credit Formation.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sponsor introductory remarks on measure. (CR E1701-1702)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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