[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2570 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 2570

 To amend the Federal Deposit Insurance Corporation Improvement Act of 
   1991 to provide for the collection of data on the availability of 
                    credit for women-owned business.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 24, 2005

 Mr. Andrews introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Federal Deposit Insurance Corporation Improvement Act of 
   1991 to provide for the collection of data on the availability of 
                    credit for women-owned business.

    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 ``Credit Availability for Women-Owned 
Businesses Act of 2005''.

SEC. 2. COLLECTION OF DATA.

    (a) In General.--Subsections (a) and (b) of section 122 of the 
Federal Deposit Insurance Corporation Improvement Act of 1991 (12 
U.S.C. 1817 nt.) are each amended by inserting ``, women-owned 
businesses,'' after ``small businesses''.
    (b) Women-Owned Businesses Defined.--Section 122 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991 (12 U.S.C. 1817 
nt.) is amended by adding at the end the following new subsection:
    ``(d) Women-Owned Business Defined.--The term `women-owned 
business' means any business--
            ``(1) more than 50 percent of the outstanding shares of 
        which are held by 1 or more women; and
            ``(2) a majority of the directors on the board of directors 
        of which are women.''.
    (c) Technical and Conforming Amendments.--Paragraphs (1) and (2) of 
section 122(c) of the Federal Deposit Insurance Corporation Improvement 
Act of 1991 (12 U.S.C. 1817 nt.) are each amended by inserting ``and 
women-owned businesses'' before the period at the end of each such 
paragraph.
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