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Expanding Financial Access for Underserved Communities Act

USA117th CongressHR-7003| House 
| Updated: 6/7/2022
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (2)
David Scott (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Expanding Financial Access for Underserved Communities Act This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population. The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.

Bill Text Versions

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2 versions available

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Timeline
Mar 8, 2022
Introduced in House
Mar 8, 2022
Referred to the House Committee on Financial Services.
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
May 17, 2022
Committee Consideration and Mark-up Session Held.
Jun 7, 2022
Placed on the Union Calendar, Calendar No. 265.
Jun 7, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.
Sep 19, 2022

Latest Companion Bill Action

S 117-4879
Introduced in Senate
  • March 8, 2022
    Introduced in House


  • March 8, 2022
    Referred to the House Committee on Financial Services.


  • May 17, 2022
    Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.


  • May 17, 2022
    Committee Consideration and Mark-up Session Held.


  • June 7, 2022
    Placed on the Union Calendar, Calendar No. 265.


  • June 7, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.


  • September 19, 2022

    Latest Companion Bill Action

    S 117-4879
    Introduced in Senate

Finance and Financial Sector

Related Bills

  • S 117-4879: Expanding Financial Access for Underserved Communities Act
  • HR 117-2543: Financial Services Racial Equity, Inclusion, and Economic Justice Act
Banking and financial institutions regulationEconomic development

Expanding Financial Access for Underserved Communities Act

USA117th CongressHR-7003| House 
| Updated: 6/7/2022
Expanding Financial Access for Underserved Communities Act This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population. The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
Mar 8, 2022
Introduced in House
Mar 8, 2022
Referred to the House Committee on Financial Services.
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
May 17, 2022
Committee Consideration and Mark-up Session Held.
Jun 7, 2022
Placed on the Union Calendar, Calendar No. 265.
Jun 7, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.
Sep 19, 2022

Latest Companion Bill Action

S 117-4879
Introduced in Senate
  • March 8, 2022
    Introduced in House


  • March 8, 2022
    Referred to the House Committee on Financial Services.


  • May 17, 2022
    Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.


  • May 17, 2022
    Committee Consideration and Mark-up Session Held.


  • June 7, 2022
    Placed on the Union Calendar, Calendar No. 265.


  • June 7, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.


  • September 19, 2022

    Latest Companion Bill Action

    S 117-4879
    Introduced in Senate
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (2)
David Scott (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 117-4879: Expanding Financial Access for Underserved Communities Act
  • HR 117-2543: Financial Services Racial Equity, Inclusion, and Economic Justice Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationEconomic development