HR 4308 · 112th Congress 2011–2013, ended

Detroit Growth and Stability Act of 2012

Introduced Mar 29, 2012 Originated House Sponsor Hansen Clarke D-MI

Fact sheet

Latest action · Mar 29, 2012 Referred to the House Committee on Oversight and Government Reform.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 29, 2012
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Detroit Growth and Stability Act of 2012 - Authorizes the Secretary of the Treasury to: (1) make loans to a financing agent authorized by the state of Michigan to act on behalf of the city of Detroit, Michigan, for which the financing agent and the city shall be jointly and severally liable; and (2) require the city and the financing agent to provide security for such loans. Limits the aggregate amount of loans outstanding to $500 million. Terminates the authority of the Secretary to make such loans on January 1, 2016.

Establishes in the Treasury the City of Detroit Growth and Stability Fund for purposes of making such loans.

Cosponsors 4

Members who signed on, in the order they did. All signed on Mar 29, 2012.

SeatCosponsorSigned on
D-HIColleen HanabusaOriginalMar 29, 2012
D-DCEleanor Holmes NortonOriginalMar 29, 2012
D-MOEmanuel CleaverOriginalMar 29, 2012
D-MIJohn Conyers, Jr.OriginalMar 29, 2012

Actions 3

Everything that happened, newest first.

  1. Mar 29, 2012Introduced in House
  2. Mar 29, 2012Referred to the House Committee on Oversight and Government Reform.
  3. Mar 29, 2012Sponsor introductory remarks on measure. (CR H1796)

Subjects

Assigned by the Library of Congress. Policy area: Economics and Public Finance.

Text 1

Each version as it was printed, newest first.

  1. Mar 29, 2012Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.