other · Treasury · Rule · Published 2016-08-10 · Effective 2016-08-10 · 81 FR 52741
Document
Document number
2016-18694
Federal Register citation
81 FR 52741
CFR reference
12 CFR 1806
Type
Rule
Action
Interim rule with request for public comment.
Category
other
Sub-agency
Treasury
Publication date
2016-08-10
Effective date
2016-08-10
Abstract
The Department of the Treasury is issuing a revised interim rule implementing the Bank Enterprise Award Program (BEA Program), administered by the Community Development Financial Institutions Fund (CDFI Fund). This revised interim rule reflects the CDFI Fund's programmatic decision to create two subcategories within the Distressed Community Financing Activities category of Qualified Activities in order to differentiate between: Consumer Loans and Commercial Loans and Investments. This revised interim rule includes revisions necessary to implement this modification to the Distressed Community Financing Activities category, as well as to make certain technical corrections and other updates to the current rule.