Small Business and Community Investments Expansion Act of 2017

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jan 27, 2017

Small Business and Community Investments Expansion Act of 2017

This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.

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People & committees

Who introduced it

Rep. Ellison, Keith [D-MN-5] · D–MN

Committees

Financial Services Committee

7 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jan 27, 2017
Referred to the House Committee on Financial Services.
Jan 27, 2017
Introduced in House
Jan 27, 2017
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jan 27, 2017 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 1355 · Small Business and Community Investments Expansion Act of 2015

Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.R.704 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.704, 115th Congress: Small Business and Community Investments Expansion Act of 2017

Official record: https://www.congress.gov/bill/115th-congress/house-bill/704

Text version to examine: Introduced in House · 2017-01-27.

Official full text: https://www.congress.gov/115/bills/hr704/BILLS-115hr704ih.htm

Imported record last updated by the source: 2025-08-11T16:31:39Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.704 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.704 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.704, 115th Congress: Small Business and Community Investments Expansion Act of 2017

Official record: https://www.congress.gov/bill/115th-congress/house-bill/704

Text version to examine: Introduced in House · 2017-01-27.

Official full text: https://www.congress.gov/115/bills/hr704/BILLS-115hr704ih.htm

Imported record last updated by the source: 2025-08-11T16:31:39Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.704 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.704 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.704, 115th Congress: Small Business and Community Investments Expansion Act of 2017

Official record: https://www.congress.gov/bill/115th-congress/house-bill/704

Text version to examine: Introduced in House · 2017-01-27.

Official full text: https://www.congress.gov/115/bills/hr704/BILLS-115hr704ih.htm

Imported record last updated by the source: 2025-08-11T16:31:39Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.704 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.704 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.704, 115th Congress: Small Business and Community Investments Expansion Act of 2017

Official record: https://www.congress.gov/bill/115th-congress/house-bill/704

Text version to examine: Introduced in House · 2017-01-27.

Official full text: https://www.congress.gov/115/bills/hr704/BILLS-115hr704ih.htm

Imported record last updated by the source: 2025-08-11T16:31:39Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.704 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.