3.0.0 4532 2022-12-29T18:33:45Z 2022-12-29T18:33:45Z Senate S 2022-07-14 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-07-14T15:17:47Z 2022-07-14 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-07-14 Introduced in Senate IntroReferral 10000 9 Library of Congress H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH N Finance and Financial Sector Finance and Financial Sector 00 2022-07-14 Introduced in Senate 2022-10-07T12:26:51Z Strengthening Community Business Development Act

This bill expands the factors allowed to be considered by a supervising agency when evaluating a financial institution's compliance with community reinvestment standards. Specifically, the bill allows a supervising agency to consider the efforts of a financial institution that deny business loans to low- and moderate-income borrowers to refer these borrowers to community business development organizations or to provide these borrowers directly with business development resources.

]]> Strengthening Community Business Development Act Display Title Strengthening Community Business Development Act Short Title(s) as Introduced Strengthening Community Business Development Act Introduced in Senate IS Official Title as Introduced A bill to amend the Community Reinvestment Act of 1977 to provide financial institutions with credit for providing community business development referrals or resources, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4532is/xml/BILLS-117s4532is.xml 2022-07-14 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.