• Housing and Economic Recovery Act Contains an Investment Benefit for Banks
  • August 29, 2008 | Author: Michael E. Bleier
  • Law Firm: Reed Smith LLP - Pittsburgh Office
  • The Housing and Economic Recovery Act of 2008 (the "HERA"), which was signed into law by President Bush July 30, 2008, has a provision that will give national banks, and state member banks, greater latitude to invest in public welfare projects without regard to a community's income levels.