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Bill To Aid Cities Sent To House
The House Banking Committee approved a nearly 400 million loan and grant program to spur jobs in chronically depressed areas. It would create 300 million in revolving funds for loans and 75 million in grants for public facilities plus 19 million for surveys and worker retraining under Commerce Department direction. The plan differs from the Senate version mainly in financing, with House support aiming for regular appropriations rather than borrowing.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Ken Reddy
Senate
GOP
Secretary of Commerce
Labor, Agriculture
Committee
House