3.0.0 4394 2019-11-15T21:46:54Z 2019-11-15T21:46:54Z House H HR 2012-04-18 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. EDDIE BERNICE JOHNSON of Texas:H.R. 4394.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution.[Page H1977]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-04-26T15:01:45Z Referred to 2012-04-18T14:02:25Z hssm00 Small Business Committee House Standing Referred to 2012-04-18T14:02:30Z hswm00 Ways and Means Committee House Standing Referred to 2012-04-18T14:02:20Z 2012-04-26 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-04-18 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, 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 2012-04-18 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, 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 2012-04-18 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, 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 2012-04-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-04-18 Introduced in House IntroReferral 1000 9 Library of Congress J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 N Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer credit Credit and credit markets Department of the Treasury Employee benefits and pensions Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Financial literacy Financial services and investments Government lending and loan guarantees Income tax credits National Credit Union Administration Public contracts and procurement Small business Finance and Financial Sector 00 2012-04-18 Introduced in House 2012-04-23T21:33:03Z National Financial Literacy Act of 2012 - 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.

Amends the Internal Revenue Code to allow a tax credit to small businesses for 35% of the expenses paid or incurred for providing qualified continuing financial education to their employees.

Requires that preference in federal contracts, loans, and other financial or nonfinancial assistance for small businesses and corporations be given to those providing continuing financial education to their employees.

]]> National Financial Literacy Act of 2012 Short Titles as Introduced National Financial Literacy Act of 2012 Display Title National Financial Literacy Act of 2012 Official Title as Introduced To provide incentives to encourage financial institutions and small businesses to provide continuing financial education to customers, borrowers, and employees, and for other purposes. Introduced in House 2012-04-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4394ih/xml/BILLS-112hr4394ih.xml 2012-04-26 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.