H.R. 2840 · 110th Congress
National Financial Literacy Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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JohnsonSponsor19 cosponsors · 19 D
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Carson
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Ellison
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Payne
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Bishop
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Gutiérrez
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Bishop
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Jefferson
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Wynn
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Abercrombie
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Towns
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Lowey
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Moore
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Hastings
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Doggett
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Hare
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Jackson Lee
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Green
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Christensen
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McGovern2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
National Financial Literacy Act of 2007 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing: (1) minimum standards to be met by a community-based financial literacy program in order to be eligible for consideration as a qualified community-based financial literacy…
What it does: CRS summary · Introduced in House · Jun 22, 2007
National Financial Literacy Act of 2007 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing: (1) minimum standards to be met by a community-based financial literacy program in order to be eligible for consideration as a qualified community-based financial literacy program; (2) procedures for financial institutions to apply to a federal financial supervisory agency for approval of such a program; and (3) a requirement that financial institutions submit a regular report on how the institution supported and promoted financial literacy in its entire community, including low- and moderate-income neighborhoods.
Authorizes a federal financial supervisory agency to take an institution's direct support of a qualified community-based financial literacy program into account when it assesses the institution's record of meeting the community's credit needs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: National Financial Literacy Act of 2007
Latest action (Jul 17, 2007): Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 22, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.