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Sen. Cotton Introduces Bill on Acquisition, Development, Construction Loans

by MYRA TUGADE

WASHINGTON, Feb. 11 -- Sen. Tom Cotton, R-Ark., has introduced legislation (S. 2405) to amend the Federal Deposit Insurance Act "to clarify capital requirements for certain acquisition, development, or construction loans."

The bill was introduced on Feb. 8 and was co-sponsored by Sen. Doug Jones, D-Ala. It was referred to the Senate Banking, Housing, and Urban Affairs Committee.

For more information, contact Sen. Tom Cotton at 124 Russell Senate Office Building, Washing . . .

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