H.R. 8833 · 117th Congress
Making Communities Stronger through the Community Reinvestment Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Making Communities Stronger through the Community Reinvestment Act
What it does: CRS summary · Introduced in House · Sep 15, 2022
Making Communities Stronger through the Community Reinvestment Act
This bill revises the Community Reinvestment Act, which addresses the availability of credit in communities. Under the act, financial regulators examine a banking institution's community activities such as lending, investments, and services, particularly for low- and moderate-income populations.
Specifically, the bill sets forth examination requirements regarding an institution's
- illegal or discriminatory activity,
- partnerships with non-depository lenders,
- home mortgage lending targeted to low- and moderate-income borrowers, and
- community service or charity work.
Each institution must establish Community Advisory Committees in areas served by the institution.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Making Communities Stronger through the Community Reinvestment Act
Latest action (Sep 15, 2022): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Sep 15, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.