3.0.0 6775 2023-01-11T13:42:58Z 2023-01-11T13:42:58Z House HR 2020-05-08 116 [Congressional Record Volume 166, Number 87 (Friday, May 8, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 6775.Congress has the power to enact this legislation pursuantto the following:Article I[Page H1987]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-08T14:06:05Z 2020-05-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-08 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2020-05-08 True S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2020-07-21 False Finance and Financial Sector Banking and financial institutions regulation Cardiovascular and respiratory health Congressional oversight Emergency medical services and trauma care Federal Reserve System Financial crises and stabilization Financial services and investments Government lending and loan guarantees Infectious and parasitic diseases Finance and Financial Sector 00 2020-05-08 Introduced in House 2020-12-10T18:05:38Z Community Impact Financial Institutions Inclusion Act of 2020

This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.

]]> Community Impact Financial Institutions Inclusion Act of 2020 Display Title Community Impact Financial Institutions Inclusion Act of 2020 Official Title as Introduced To amend the CARES Act to reserve certain amounts for community financial institutions, and for other purposes. Introduced in House IH Short Title(s) as Introduced Community Impact Financial Institutions Inclusion Act of 2020 Introduced in House IH Introduced in House 2020-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6775ih/xml/BILLS-116hr6775ih.xml 2020-05-08 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.