Riegle Community Development and Regulatory Improvement Act of 1994
E2186
The Riegle Community Development and Regulatory Improvement Act of 1994 is a U.S. federal law aimed at promoting community development and financial services in underserved areas, notably by establishing the Community Development Financial Institutions (CDFI) Fund.
Aliases (2)
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
→
banking law → |
| abbreviation |
Riegle Community Development Act
→
|
| administeredBy |
United States Department of the Treasury
→
|
| appliesTo |
banks
→
community development financial institutions → credit unions → thrifts → |
| containsProvision |
regulatory burden reduction for financial institutions
→
support for community development banks → support for community development credit unions → support for microenterprise lending → technical and regulatory improvements to banking laws → |
| country |
United States
→
|
| enactedBy |
United States Congress
→
|
| establishes |
Community Development Financial Institutions Fund
→
|
| focusesOn |
community development financial institutions
→
low-income communities → underserved rural areas → underserved urban areas → |
| implementedThrough |
equity investments in CDFIs
→
grants to CDFIs → loans to CDFIs → technical assistance to CDFIs → |
| jurisdiction |
United States federal government
→
|
| legalForm |
public law
→
|
| namedAfter |
Donald W. Riegle Jr.
→
|
| objective |
enhance safety and soundness of financial institutions
→
expand credit availability in distressed communities → leverage private capital for community development → |
| policyArea |
bank regulation
→
community development → economic development → |
| purpose |
encourage private investment in low-income communities
→
improve access to financial services in underserved areas → promote community development → |
| regulates |
depository institutions
→
|
| relatedTo |
CDFI Fund program
→
Community Reinvestment Act → |
| sector |
financial services
→
|
| signedBy |
Bill Clinton
→
|
| yearEnacted |
1994
→
|
Referenced by (5)
| Subject (surface form when different) | Predicate |
|---|---|
|
NACA Program
("Community Development Banking and Financial Institutions Act of 1994")
→
Native American CDFI Assistance Program ("Community Development Banking and Financial Institutions Act of 1994") → |
legalBasis |
|
Riegle Community Development and Regulatory Improvement Act of 1994
("Riegle Community Development Act")
→
|
abbreviation |
|
Community Development Financial Institutions Fund
→
|
createdBy |
|
Bank Enterprise Award Program
("Community Development Banking and Financial Institutions Act of 1994")
→
|
legalFramework |