Clinton's New Markets initiative, Rep. John J. LaFalce, D-N.Y., introduced legislation last week that would guarantee bonds issued by companies investing and lending in poor areas.

Under Rep. LaFalce's plan, the Department of Housing and Urban Development would guarantee debt issued by for-profit community development companies that invest in businesses located in low-income areas. The bill would require these businesses to generate half their gross income in communities where 20% of the people are living in poverty.

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