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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 967 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. RES. 967

Recognizing the 15th anniversary of the establishment of the Community 
Development Financial Institutions Fund and reaffirming the importance 
         of its mission of economic and community development.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           December 11, 2009

  Ms. Clarke (for herself, Mr. Gonzalez, Mr. Gutierrez, Ms. Moore of 
Wisconsin, Mrs. Maloney, Mr. Hinojosa, Mr. Serrano, Mr. Clay, Mr. Davis 
  of Illinois, Mr. Bishop of Georgia, Ms. Kilpatrick of Michigan, Mr. 
 Towns, Mr. Grijalva, Ms. Bordallo, Mr. Watt, Mr. Meek of Florida, and 
 Mr. Meeks of New York) submitted the following resolution; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                               RESOLUTION

 
Recognizing the 15th anniversary of the establishment of the Community 
Development Financial Institutions Fund and reaffirming the importance 
         of its mission of economic and community development.

Whereas, on September 23, 1994, the United States Government created the 
        Community Development Financial Institutions Fund (hereinafter referred 
        to as ``the Fund''), an agency of the Federal Government located within 
        the United States Department of the Treasury;
Whereas the United States Government declared the Fund's purpose to be the 
        promotion of economic and community development;
Whereas the United States Government directed that this purpose be pursued 
        through investment in and assistance to community development financial 
        institutions, including enhancing the liquidity of community development 
        financial institutions;
Whereas the United States Congress determined that the Fund had to be created in 
        order to address the economic and social challenges resulting from low 
        economic growth, escalating levels of poverty, and limited employment 
        opportunities in some rural, urban, and Native American communities; and
Whereas the Fund has demonstrated for 15 years its ability to consistently play 
        a role in the important work of expanding economic opportunity and 
        promoting positive economic and social outcomes for all United States 
        citizens: Now, therefore, be it
    Resolved, That the House of Representatives--
            (1) recognizes the 15th anniversary of the historic 
        establishment of the Community Development Financial 
        Institutions Fund;
            (2) acknowledges that the purpose of the Community 
        Development Financial Institutions Fund is to promote economic 
        revitalization in underserved rural, urban, and Native American 
        communities;
            (3) reaffirms the importance of agency investments in and 
        assistance to financial institutions which conduct economic and 
        community development; and
            (4) asserts the relevance of the Community Development 
        Financial Institutions Fund as an indispensable agency engaged 
        in the business of promoting both job creation and retention, 
        as well as economic growth.
                                 <all>
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