H.R. 4213 would extend temporary financing options that aid hospitals. (cover story)

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  • Additional Information
    • Subject Terms:
      PASCRELL, Bill, 1937-; KANJORSKI, Paul
    • Abstract:
      The article reports that the House Resolution 4213 titled "Promoting American Jobs and Closing Tax Loopholes Act" will extend temporary financing options that allow hospitals to access low-cost capital. Details related to the programs, including one which allows the 12 private Federal Home Loan Bank (FHLB) cooperatives to extend capital to hospitals through Letters of Credit (LOC), are presented. Also noted is the bill introduced by Representatives Bill Pascrell, Charles Boustany, and Paul Kanjorski titled "Community Development Financing Act."