[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5038 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5038

           To repeal the Community Reinvestment Act of 1977.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 2010

 Mr. Hensarling (for himself and Mr. Bachus) introduced the following 
    bill; which was referred to the Committee on Financial Services

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                                 A BILL


 
           To repeal the Community Reinvestment Act of 1977.

    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 ``Fair Access to Credit and Job 
Creation Act of 2010''.

SEC. 2. REPEAL OF THE COMMUNITY REINVESTMENT ACT OF 1977.

    (a) In General.--The Community Reinvestment Act of 1977 (12 U.S.C. 
2901 et seq.) is hereby repealed.
    (b) Conforming Amendment.--Section 48 of the Federal Deposit 
Insurance Act (12 U.S.C. 1831y) is hereby repealed.
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