3.0.0 3410 2017-12-15T00:37:45Z 2017-12-15T00:37:45Z Senate S S 2008-07-31 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-08-01T02:08:09Z 2008-07-31 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7969-7970) IntroReferral 2008-07-31 Sponsor introductory remarks on measure. (CR S7968-7969) IntroReferral B00100 9 Library of Congress 2008-07-31 Introduced in Senate IntroReferral 10000 9 Library of Congress A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA N S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2008-07-31 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2008-07-31 True I000025 Sen. Inouye, Daniel K. [D-HI] DANIEL INOUYE D HI KEN 2008-07-31 True Finance and Financial Sector Alaska Bank accounts Bank loans Charities Commerce Community development banking Consumer credit Economics and Public Finance Federal aid to Indians Grants-in-aid Hawaiians Indigenous peoples Labor and Employment Labor unions Minorities Social Welfare Tax-exempt organizations Taxation Finance and Financial Sector 00 2008-07-31 Introduced in Senate 2009-05-27T19:02:17Z Improving Access to Mainstream Financial Institutions Act of 2008 - Authorizes the Secretary of the Treasury to award grants, including multi-year grants, to specified eligible entities to establish an account in a federally insured depository institution for low- and moderate-income individuals who currently do not have such an account. Includes among such eligible entities: (1) Alaska Native Corporations; (2) Native Hawaiian organizations; and (3) labor organizations.

Authorizes the Secretary to award demonstration project grants to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, predatory payday loans. Requires such entities to be: (1) tax-exempt charitable organizations; (2) federally insured depository institutions; (3) community development financial institutions; or (4) partnerships comprised of one or more of such entities. Requires grant recipients to offer financial literacy and education opportunities to each consumer provided with a loan pursuant to this Act.

]]> Improving Access to Mainstream Financial Institutions Act of 2008 Short Titles as Introduced Improving Access to Mainstream Financial Institutions Act of 2008 Display Title Improving Access to Mainstream Financial Institutions Act of 2008 Official Title as Introduced A bill to authorize a grant program to provide for expanded access to mainstream financial institutions. Introduced in Senate 2008-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3410is/xml/BILLS-110s3410is.xml 2008-07-31 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7969-7970) 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.