[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3826 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3826

  To amend the Community Reinvestment Act to require the reporting of 
 actual performance data in order to verify the availability of credit 
                     on a nondiscriminatory basis.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 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 to require the reporting of 
 actual performance data in order to verify the availability of credit 
                     on a nondiscriminatory basis.

    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 ``Women and Minority Business Lending 
Accountability Act''.

SEC. 2. REPORTING OF ACTUAL PERFORMANCE DATA.

    (a) In General.--The Community Reinvestment Act of 1977 (12 U.S.C. 
2901 et seq.) is amended by adding at the end the following new 
section:

``SEC. 809. REPORTING OF ACTUAL PERFORMANCE DATA.

    ``(a) Establishment Required.--The appropriate Federal financial 
supervisory agencies shall jointly develop a format for collecting data 
from regulated financial institutions, in connection with examinations 
under section 804, concerning such institutions' record of meeting the 
credit needs of their local communities, including low- and moderate-
income neighborhoods.
    ``(b) Data Required.--The data required to be collected under 
subsection (a) shall include the following:
            ``(1) Small business lending.--
                    ``(A) The aggregate number and dollar volume of 
                loans originated, with a separate breakout for 
                originations to minority-owned and women-owned 
                businesses and start-up businesses.
                    ``(B) The aggregate number and dollar volume of 
                loans originated under programs administered by the 
                Small Business Administration, with a separate break-
                out for minority-owned and women-owned businesses.
                    ``(C) The aggregate number and dollar volume of 
                small business loans originated by the financial 
                institution, compiled on the basis of the racial and 
                income characteristics in the institution's entire 
                community.
            ``(2) Community development.--
                    ``(A) The number and dollar volume of loans to 
                nonprofit child care, mental health, and literacy 
                centers and to nonprofit developers of affordable 
                housing.
                    ``(B) The financial institution's participation in 
                any community development project, including a 
                description of any partnerships developed with 
                nonprofit community organizations, that benefit the 
                low- and moderate-income residents of the institution's 
                entire community.
            ``(3) Consumer loans.--A statistical analysis of the number 
        and dollar volume of consumer loans compiled on the basis of 
        the racial and income characteristics of neighborhoods in the 
        institution's entire community.
            ``(4) Branch closures.--
                    ``(A) A compilation of the number of the 
                institution's branches and other deposit facilities in 
                neighborhoods of various racial and income 
                characteristics within the institution's community.
                    ``(B) An analysis of all openings and closings of 
                branches and other deposit facilities by the 
                institution in the past 10 years in neighborhoods of 
                various racial and income characteristics within the 
                institution's community.''.
    (b) Data Required in Public Section of Report.--Section 
807(b)(1)(A) of the Community Reinvestment Act of 1977 (12 U.S.C. 
2906(b)(1)(A)) is amended--
            (1) by striking ``and'' at the end of clause (ii);
            (2) by striking the period at the end of clause (iii) and 
        inserting ``; and''; and
            (3) by adding at the end the following new clause:
                            ``(iv) contain the data required to be 
                        collected with respect to the institution 
                        pursuant to section 809.''.
                                 <all>