[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3301 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3301

      To amend the Community Reinvestment Act of 1977 to require 
 consideration of a depository institution's record with regard to the 
   number and amount of fees imposed by the institution on consumer 
      accounts and consumer transactions, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 23, 1996

  Ms. Waters introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
      To amend the Community Reinvestment Act of 1977 to require 
 consideration of a depository institution's record with regard to the 
   number and amount of fees imposed by the institution on consumer 
      accounts and consumer transactions, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bank Fee Accountability Act of 
1996''.

SEC. 2. CONSIDERATION OF BANK FEES.

    (a) In General.--Section 804 of the Community Reinvestment Act of 
1977 (12 U.S.C. 2903) is amended by adding at the end the following new 
subsection:
    ``(c) Consideration of Bank Fees.--In assessing and taking into 
account, under subsection (a), the record of a regulated financial 
institution in meeting credit needs, the appropriate Federal financial 
supervisory agency shall consider the institution's record with regard 
to the number and amount of fees imposed by the institution in 
connection with consumer accounts and consumer transactions, including 
any increase in the number or amounts of such fees, any decrease in 
such number or amounts, and any other discernible trend in such number 
and amounts.''.
    (b) Findings and Conclusions.--Section 807(b)(1)(A)(i) of the 
Community Reinvestment Act of 1977 (12 U.S.C. 2906(b)(1)(A)(i)) is 
amended by inserting ``, including factors required to be considered 
under section 804(c)'' before the semicolon at the end.
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