3.0.0 8833 2023-05-11T15:45:15Z 2023-05-11T15:45:15Z House HR 2022-09-15 117 [Congressional Record Volume 168, Number 149 (Thursday, September 15, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WATERS:H.R. 8833.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 3 provides Congress with thepower to ``regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes.''[Page H7882]]]> hsba00 Financial Services Committee House Standing Referred to 2022-09-15T16:02:20Z 2022-09-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-09-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-09-15 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2022-09-28 False Finance and Financial Sector Finance and Financial Sector 00 2022-09-15 Introduced in House 2023-01-25T15:27:51Z Making Communities Stronger through the Community Reinvestment Act

This bill revises the Community Reinvestment Act, which addresses the availability of credit in communities. Under the act, financial regulators examine a banking institution's community activities such as lending, investments, and services, particularly for low- and moderate-income populations.

Specifically, the bill sets forth examination requirements regarding an institution's

  • illegal or discriminatory activity,
  • partnerships with non-depository lenders,
  • home mortgage lending targeted to low- and moderate-income borrowers, and
  • community service or charity work.

Each institution must establish Community Advisory Committees in areas served by the institution.

]]> Making Communities Stronger through the Community Reinvestment Act Display Title Making Communities Stronger through the Community Reinvestment Act Short Title(s) as Introduced Making Communities Stronger through the Community Reinvestment Act Introduced in House IH Official Title as Introduced To amend the Community Reinvestment Act of 1977 to improve the assessment process for financial institutions under that Act, and for other purposes. Introduced in House IH Introduced in House 2022-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr8833ih/xml/BILLS-117hr8833ih.xml 2022-09-15 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.