PlainBillCongress, translated.Legislation. Context. Public interest.Committee on Labor and Human Resources. Ordered to be reported without amendment favorably.
Congressional Research Service
Version 00 · Introduced in Senate · Jan 27, 1993
TABLE OF CONTENTS: Title I: Community Economic Partnership Investment Funds Title II: Emerging Community Development Corporations Title III: Research and Demonstration Title IV: Miscellaneous Provisions National Community Economic Partnership Act of 1993 - Title I: Community Economic Partnership Investment Funds - Establishes a program of community economic partnership investment funds. Authorizes the Secretary of Health and Human Services to provide nonrefundable lines of credit to community development corporations (CDCs) to establish, maintain, or expand revolving loan funds to finance projects to: (1) provide business and employment opportunities for low-income and unemployed individuals; and (2) improve the quality of life in urban and rural areas. Sets forth requirements relating to such revolving loan funds, including: (1) competitive assessment of applications from eligible entities for capitalization of such funds; (2) applications including strategic investment plans and demonstrations of experience and achievement; (3) matching local funds (with exceptions); and (4) local and private sector contributions. Requires the Secretary to give priority in providing lines of credit to: (1) CDCs that propose to undertake economic development activities in distressed communities that target women, Native Americans, at-risk youth, farmworkers, population-losing communities, very low-income communities, single mothers, veterans, and refugees, or that expand employee ownership of private enterprises and small businesses; and (2) programs providing loans in limited amounts to very small business enterprises. Reserves certain funds for such priority activities. Title II: Emerging Community Development Corporations - Establishes a program for emerging community development corporations (CDCs). Directs the Secretary to award skill enhancement grants and operating grants to CDCs. Authorizes the Secretary to award grants to emerging CDCs to enable them to establish, maintain, or expand revolving loan funds, to make or guarantee loans, or to make capital investments in new or expanding local businesses. Title III: Research and Demonstration - Establishes a community economic development research and demonstration program. Directs the Secretary to award grants to enable eligible organizations to undertake programs involving research, testing, studies, or demonstrations related to community economic development. Title IV: Miscellaneous Provisions - Directs the Secretary to promulgate regulations to permit the operation of appropriate joint programs to coordinate activities under this Act with community economic development activities assisted by other programs administered by the Secretary and other Federal agency heads. Authorizes appropriations for: (1) the community economic partnership investment funds program; (2) the emerging CDCs program; and (3) the research demonstration program. Prohibits funds authorized under this Act from being used to finance the construction of housing. Provides that this Act shall take effect as if included in the Omnibus Budget Reconciliation Act of 1990.
People & committees
Sen. Kennedy, Edward M. [D-MA] · D–MA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committee on Labor and Human Resources. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Labor and Human Resources.
Sponsor introductory remarks on measure. (CR S831-832)
Introduced in Senate
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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