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Community Impact Financial Institutions Inclusion Act of 2020

USA116th CongressHR-6775| House 
| Updated: 5/8/2020
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (2)
Brad Sherman (Democratic)Maxine Waters (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Impact Financial Institutions Inclusion Act of 2020 This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.
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Timeline
May 8, 2020
Introduced in House
May 8, 2020
Referred to the House Committee on Financial Services.
  • May 8, 2020
    Introduced in House


  • May 8, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Banking and financial institutions regulationCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careFederal Reserve SystemFinancial crises and stabilizationFinancial services and investmentsGovernment lending and loan guaranteesInfectious and parasitic diseases

Community Impact Financial Institutions Inclusion Act of 2020

USA116th CongressHR-6775| House 
| Updated: 5/8/2020
Community Impact Financial Institutions Inclusion Act of 2020 This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 8, 2020
Introduced in House
May 8, 2020
Referred to the House Committee on Financial Services.
  • May 8, 2020
    Introduced in House


  • May 8, 2020
    Referred to the House Committee on Financial Services.
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (2)
Brad Sherman (Democratic)Maxine Waters (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationCardiovascular and respiratory healthCongressional oversightEmergency medical services and trauma careFederal Reserve SystemFinancial crises and stabilizationFinancial services and investmentsGovernment lending and loan guaranteesInfectious and parasitic diseases