H.R.2437: Creating Jobs Through Cooperatives Act

About this Bill

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Sponsor Chaka Fattah, D-Pa.
Total Cosponsors 0
Introduced June 19, 2013
Latest Major Action June 19, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Creating Jobs Through Cooperatives Act - Directs the Secretary of Housing and Urban Development (HUD) to establish a National Cooperative Development Program to create jobs and increase economic development in eligible project areas by promoting cooperative development.

Defines "eligible project areas" as those located within:

  • a census tract defined as low- or moderate-income by the Census Bureau;
  • a population census tract treated as a low-income community under the Internal Revenue Code; or
  • areas adjacent or close to areas that meet either requirement, and are given special HUD approval to be classified as eligible project areas. (Requires the Secretary to limit the number of funded projects located in these areas.)

Defines "cooperative development" as specified technical assistance for the establishment of cooperative organizations, which are autonomous associations of persons united voluntarily to meet the...

(Source: Congressional Research Service)

Bill Actions

Date Description
June 19, 2013 Referred to the House Committee on Financial Services.