3.0.0 7993 2023-01-11T13:45:28Z 2023-01-11T13:45:28Z House HR 2020-08-07 116 [Congressional Record Volume 166, Number 141 (Friday, August 7, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WATERS:H.R. 7993.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, cl. 1, To pay debts and provide forthe common Defense and General Welfare of the United States.Article I, Section 8 cl. 3, To regulate Commerce withForeign Nations, Among the Several States, and with theIndian Tribes.Article I, Section 8, cl. 18, To make all laws which shallbe necessary and proper for carrying into Execution thepowers enumerated under section 8 and all other Powers vestedby the Constitution in the Government of the United States,or in any Department or Officer thereof.[Page H4227]]]> hssm00 Small Business Committee House Standing Referred to 2020-08-07T14:06:35Z hsba00 Financial Services Committee House Standing Referred to 2020-08-07T14:06:30Z Expanding Opportunity for MDIs Act 116 5315 HR 2020-01-14 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS To amend the CARES Act to establish a Community Capital Investment Program, and for other purposes. 116 6868 HR 2020-05-14 Referred to the House Committee on Financial Services. Related bill CRS To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,. 116 6830 HR 2020-05-12 Referred to the House Committee on Financial Services. Related bill CRS A bill to amend the CARES Act to establish a Community Capital Investment Program, and for other purposes. 116 3774 S 2020-05-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2020-08-07 Referred to the Committee on Financial Services, and in addition to the Committee on 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 2020-08-07 Referred to the Committee on Financial Services, and in addition to the Committee on 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 2020-08-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-08-07 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2020-08-07 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2020-08-07 True G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2020-08-07 True L000586 Rep. Lawson, Al, Jr. [D-FL-5] Al Lawson D FL 5 2020-08-07 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2020-08-07 True T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2020-08-07 True A000370 Rep. Adams, Alma S. [D-NC-12] Alma Adams D NC S. 12 2020-08-07 True P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2020-08-07 True G000587 Rep. Garcia, Sylvia R. [D-TX-29] Sylvia Garcia D TX R. 29 2020-08-07 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2020-08-07 True B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2020-08-07 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2020-08-07 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2020-08-07 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2020-08-07 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2020-08-07 True F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2020-09-04 False L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2020-09-04 False V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 2020-09-04 False D000631 Rep. Dean, Madeleine [D-PA-4] Madeleine Dean D PA 4 2020-10-27 False Finance and Financial Sector Advisory bodies Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Cardiovascular and respiratory health Community Development Financial Institutions Fund Community life and organization Congressional oversight Department of the Treasury Economic development Emergency medical services and trauma care Executive agency funding and structure Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government information and archives Government lending and loan guarantees Housing and community development funding Infectious and parasitic diseases Minority and disadvantaged businesses National Credit Union Administration Poverty and welfare assistance Securities Small business Finance and Financial Sector 00 2020-08-07 Introduced in House 2020-12-14T14:28:33Z Promoting and Advancing Communities of Color through Inclusive Lending Act

This bill revises requirements applicable to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) and addresses lending during the COVID-19 (i.e., coronavirus disease 2019) pandemic.

The bill establishes mandatory set-asides for (1) minority CDFIs under the CDFI Fund, and (2) CDFIs and MDIs under existing COVID-19 economic aid programs.

The bill also establishes an impact bank designation for certain small depository institutions that lend primarily to low-income borrowers and establishes programs for impact banks and MDIs regarding investments, technical assistance, and federal government deposits.

Finally, the Department of the Treasury must provide capital and interest-free loans to CDFIs, MDIs, impact banks, and credit unions that primarily serve low-income, underserved communities. The bill also reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million for FY2020 and to $50 million for fiscal years thereafter.

]]> Promoting and Advancing Communities of Color through Inclusive Lending Act Display Title Promoting and Advancing Communities of Color through Inclusive Lending Act Short Title(s) as Introduced Promoting and Advancing Communities of Color through Inclusive Lending Act Introduced in House IH Official Title as Introduced To support the efforts of Community Development Financial Institutions (CDFIs), minority CDFIs, and minority depository institutions to serve consumers, small businesses, and minority-owned businesses, especially in low-income and underserved communities, and for other purposes. Introduced in House IH Introduced in House 2020-08-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7993ih/xml/BILLS-116hr7993ih.xml 2020-08-07 Referred to the Committee on Financial Services, and in addition to the Committee on 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.