3.0.0 1289 2023-01-11T19:56:09Z 2023-01-11T19:56:09Z House H HR 2007-03-01 110 hsba00 Financial Services Committee House Standing Referred to 2007-03-01T15:03:05Z 2007-03-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-01 Introduced in House IntroReferral 1000 9 Library of Congress J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 N G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2007-03-01 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-03-01 True C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2007-03-01 True C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2007-03-01 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2007-03-01 True B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2007-03-01 True J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2007-03-01 True B000911 Rep. Brown, Corrine [D-FL-3] CORRINE BROWN D FL 3 2007-03-01 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2007-03-01 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2007-03-07 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2007-03-21 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2007-03-22 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2007-03-26 False F000030 Rep. Farr, Sam [D-CA-17] SAM FARR D CA 17 2007-11-14 False Finance and Financial Sector Administrative procedure Affiliated corporations Automobile insurance Bank accounts Bank examination Bank holding companies Bank loans Bank mergers Bank records Brokers Business insurance Business records Casualty insurance Civil Rights and Liberties, Minority Issues Commerce Community development banking Consent decrees Consumer credit Data banks Department of Housing and Urban Development Department of the Treasury Depressed areas Discrimination in consumer credit Economics and Public Finance Federal Deposit Insurance Corporation Federal Reserve System Financial institutions Financial services Fines (Penalties) Government Operations and Politics Government corporations Government paperwork Government publicity Housing and Community Development Housing discrimination Information disclosure (Securities law) Injunctions Insurance Insurance agents Insurance companies Insurance premiums Investment advisers Investments Law Liability (Law) Minorities Mortgage banks Mortgage guaranty insurance Mortgages Mutual funds Nonbank banks Property insurance Public meetings Racial discrimination Science, Technology, Communications Securities industry Securities regulation Small business Usury Finance and Financial Sector 00 2007-03-01 Introduced in House 2007-04-06T19:47:35Z Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision.

Reinstates banking agency regulations in effect before the publication of such revisions.

Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services.

Amends the CRA to require a rating reduction for a regulated financial institution engaged in negative credit practices, including predatory and discriminatory lending.

States that securities companies, mortgage banks, and insurance companies have a continuing affirmative obligation to meet the financial services needs in their assessment areas, including those of low- and moderate-income neighborhoods and persons of modest means.

Requires their affiliates to attain satisfactory ratings in accordance with this Act.

Insurance Disclosure Act - Directs the Secretary of Housing and Urban Development to establish requirements for insurers to submit information annually regarding noncommercial insurance, rural insurance, and investments by insurers.

Requires the Secretary to make such information public.

Directs the Financial Institutions Examination Council to maintain a comprehensive database containing the hierarchical structure of financial holding companies, bank holding companies, depository institutions, and non-depository institutions.

Amends the BHCA to allow certain expanded financial activities by a bank holding company only if it or its affiliate has neither: (1) been adjudicated in federal court; nor (2) entered into a consent decree or settlement agreement, premised upon a violation of the Fair Housing Act (antiredlining requirement).

Requires: (1) public meetings regarding bank acquisitions and mergers; and (2) a period for public comment regarding branch closures.

Amends the CRA to subject all regulated financial institutions, regardless of size or aggregate assets, to mandatory biennial examinations.

]]> Community Reinvestment Modernization Act of 2007 Official Title as Introduced To enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. Introduced in House IH Display Title Community Reinvestment Modernization Act of 2007 Short Titles as Introduced Community Reinvestment Modernization Act of 2007 Short Titles as Introduced for portions of this bill Insurance Disclosure Act Introduced in House 2007-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1289ih/xml/BILLS-110hr1289ih.xml 2007-03-01 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.