3.0.0 1869 2023-01-11T19:44:01Z 2023-01-11T19:44:01Z House H HR 2007-04-17 110 hssm00 Small Business Committee House Standing Referred to 2007-04-17T14:30:05Z hswm00 Ways and Means Committee House Standing Referred to 2007-04-17T14:30:00Z hsba00 Financial Services Committee House Standing Referred to 2007-04-17T14:29:53Z Community Banks Serving Their Communities First Act 110 1405 S 2007-05-16 Read twice and referred to the Committee on Finance. Related bill CRS 2007-04-17 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2007-04-17 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-04-17 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2007-04-17 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-04-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-04-17 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 N S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2007-05-01 False C000116 Rep. Cannon, Chris [R-UT-3] CHRIS CANNON R UT 3 2007-05-01 False E000063 Rep. Edwards, Chet [D-TX-17] CHET EDWARDS D TX 17 2007-05-01 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2007-05-01 False H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2007-06-05 False B001244 Rep. Bonner, Jo [R-AL-1] Jo Bonner R AL 1 2007-06-05 False B001254 Rep. Boren, Dan [D-OK-2] Dan Boren D OK 2 2007-06-05 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2007-06-05 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2007-06-05 False M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2007-06-05 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2007-06-15 False A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2007-06-15 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2007-06-15 False L000552 Rep. LaHood, Ray [R-IL-18] RAY LAHOOD R IL 18 2007-06-26 False B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2007-06-26 False H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2007-06-26 False M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2007-07-17 False B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2007-07-17 False R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2007-07-17 False B000657 Rep. Boucher, Rick [D-VA-9] RICK BOUCHER D VA 9 2007-09-24 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2007-09-24 False W000798 Rep. Walberg, Timothy [R-MI-7] Timothy Walberg R MI 7 2007-09-24 False C000868 Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5] ROBERT CRAMER D AL E. 5 2007-10-15 False M000934 Rep. Moran, Jerry [R-KS-1] Jerry Moran R KS 1 2007-10-22 False U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 2007-10-25 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2008-01-15 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2008-04-14 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2008-05-08 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy McMorris Rodgers R WA 5 2008-06-10 False Finance and Financial Sector Administrative procedure Agriculture and Food Bank holding companies Bank loans Bank management Bank records Bonds Civil Rights and Liberties, Minority Issues Commerce Community development banking Congress Congressional investigations Congressional reporting requirements Consumer credit Consumer education Corporation directors Corporation taxes Debtor and creditor Department of the Treasury Farm lands Federal Reserve System Fees Government Operations and Politics Government paperwork Housing and Community Development Income tax Individual retirement accounts Information disclosure (Securities law) Interest Labor and Employment Law Minimum tax Money Mortgage banks Mortgages Partnerships Right of privacy Small business Stockholders Tax credits Tax rates Taxation Finance and Financial Sector 00 2007-04-17 Introduced in House 2007-06-28T20:42:37Z Community Banks Serving Their Communities First Act, or the Communities First Act - Revises regulatory requirements for community banks, including amendments to: (1) the Federal Deposit Insurance Act to permit certain insured depository institutions to submit a short form report of condition; (2) the Sarbanes-Oxley Act of 2002 to exempt certain small-sized depository institutions from annual management assessment of internal controls requirements; (3) the Securities Investor Protection Act of 1970 to exempt certain small-size community banks from its prohibition against advances for customers' net equity claims; (4) the Federal Reserve Act to increase the asset size of banks exempt from the limitation on extensions of credit to executive officers, directors, and principal shareholders; and (5) the Securities Exchange Act of 1934 to increase the shareholder registration threshold.

Amends the Truth in Lending Act to direct the Federal Reserve Board to prescribe regulations authorizing a consumer to waive the right of rescission as to certain transactions when the creditor is an insured depository institution.

Seasoned Customer CTR Exemption Act of 2007 - Instructs the Secretary of the Treasury to prescribe regulations to exempt a depository institution from filing a currency transaction report (CTR) in the case of certain qualified customers.

Amends additional Acts, including: (1) the Gramm-Leach-Bliley Act to exempt specified community banks from furnishing a mandatory privacy notice; (2) the Fair Credit Reporting Act to require a consumer's written consent before a consumer reporting agency may furnish a consumer report upon request from another creditor; and (3) the Federal Reserve Act to limit loans to executive officers.

Amends the Internal Revenue Code with respect to specified tax provisions for long-term certificates of deposit, loans secured by agricultural real property, qualified small issue bonds, Federal Deposit Insurance Corporation-insured limited liability companies, and young savers accounts. Repeals the individual alternative minimum tax for individuals and community banks. Reduces the tax rates for community banks.

Revises certain Subchapter S requirements for tax treatment of small businesses.

Amends the Small Business Act with respect to: (1) reduced fees for specified loans; and (2) a low documentation loan program.

]]> Community Banks Serving Their Communities First Act Official Title as Introduced To enhance the ability of community banks to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes. Introduced in House IH Display Title Community Banks Serving Their Communities First Act Short Titles as Introduced Community Banks Serving Their Communities First Act Short Titles as Introduced Communities First Act Short Titles as Introduced for portions of this bill Seasoned Customer CTR Exemption Act of 2007 Introduced in House 2007-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1869ih/xml/BILLS-110hr1869ih.xml 2007-04-17 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.