Federal Reserve Racial and Economic Equity Act

3.0.0 4590 2023-03-08T20:26:28Z 2023-03-08T20:26:28Z House HR 2021-07-21 117 [Congressional Record Volume 167, Number 128 (Wednesday, July 21, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. AUCHINCLOSS:H.R. 4590.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.[Page H3803]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-07-27T16:22:51Z hsba00 Financial Services Committee House Standing Reported by 2022-01-20T06:42:00Z Markup by 2021-07-29T12:32:10Z Markup by 2021-07-28T12:26:38Z Referred to 2021-07-21T14:03:25Z H. Rept. 117-229 Federal Reserve Racial and Economic Equity Act 117 2543 HR 2022-06-21 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2022-07-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-07-26 21:26:41 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2022-07-26 21:26:35 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7150-7151) Floor H37300 2 House floor actions 2022-07-26 21:26:35 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7150-7151) Floor 8000 9 Library of Congress 2022-07-26 21:16:36 DEBATE - The House proceeded with forty minutes of debate on H.R. 4590. Floor H8D000 2 House floor actions 2022-07-26 21:16:34 Considered under suspension of the rules. (consideration: CR H7150-7152) Floor H30000 2 House floor actions 2022-07-26 21:16:20 Ms. Waters moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2022-01-20 Placed on the Union Calendar, Calendar No. 163. Calendars H12410 2 House floor actions U00163 2022-01-20 Reported (Amended) by the Committee on Financial Services. H. Rept. 117-229. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2022-01-20 Reported (Amended) by the Committee on Financial Services. H. Rept. 117-229. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2021-07-29 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. Committee 2021-07-29 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2021-07-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2021-07-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-07-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-07-21 Introduced in House IntroReferral 1000 9 Library of Congress A000148 Rep. Auchincloss, Jake [D-MA-4] Jake Auchincloss D MA 4 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2021-07-27 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2021-07-27 False T000479 Rep. Taylor, Van [R-TX-3] Van Taylor R TX 3 2021-07-27 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2021-09-23 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2022-01-13 False 2021-11-29T19:07:00Z H.R. 4590, Promoting New and Diverse Depository Institutions Act https://www.cbo.gov/publication/57643 As ordered reported by the House Committee on Financial Services on July 29, 2021 2022-07-26T20:11:00Z H.R. 4590, the Promoting New and Diverse Depository Institutions Act https://www.cbo.gov/publication/58336 As Posted on the Website of the Clerk of the House on July 25, 2022 Finance and Financial Sector Banking and financial institutions regulation Financial services and investments Government information and archives Government studies and investigations Minority and disadvantaged businesses Finance and Financial Sector

00 2021-07-21 Introduced in House 2021-12-23T19:46:59Z Promoting New and Diverse Depository Institutions Act

This bill requires federal banking agencies to study the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.

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07 2022-01-20 Reported to House 2022-05-05T21:37:25Z Promoting New and Diverse Depository Institutions Act

This bill requires federal banking agencies to study and report on the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.

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53 2022-07-26 Passed House 2022-12-22T19:07:10Z Promoting New and Diverse Depository Institutions Act

The bill also decreases, beginning September 30, 2022, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)

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Promoting New and Diverse Depository Institutions Act Display Title Promoting New and Diverse Depository Institutions Act Short Title(s) as Passed House Promoting New and Diverse Depository Institutions Act H House Engrossed in House EH Short Title(s) as Reported to House Promoting New and Diverse Depository Institutions Act H House Reported in House RH Official Title as Introduced To require the Federal banking regulators to jointly conduct a study and develop a strategic plan to address challenges faced by proposed depository institutions seeking de novo depository institution charters; and for other purposes. Reported in House RH Short Title(s) as Introduced Promoting New and Diverse Depository Institutions Act Introduced in House IH Referred in Senate 2022-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4590rfs/xml/BILLS-117hr4590rfs.xml Engrossed in House 2022-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4590eh/xml/BILLS-117hr4590eh.xml Reported in House 2022-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4590rh/xml/BILLS-117hr4590rh.xml Introduced in House 2021-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4590ih/xml/BILLS-117hr4590ih.xml 2022-07-27 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.