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Strengthening Community Business Development Act

USA117th CongressS-4532| Senate 
| Updated: 7/14/2022
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strengthening Community Business Development Act This bill expands the factors allowed to be considered by a supervising agency when evaluating a financial institution's compliance with community reinvestment standards. Specifically, the bill allows a supervising agency to consider the efforts of a financial institution that deny business loans to low- and moderate-income borrowers to refer these borrowers to community business development organizations or to provide these borrowers directly with business development resources.
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Timeline
Jul 14, 2022
Introduced in Senate
Jul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 14, 2022
    Introduced in Senate


  • July 14, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Strengthening Community Business Development Act

USA117th CongressS-4532| Senate 
| Updated: 7/14/2022
Strengthening Community Business Development Act This bill expands the factors allowed to be considered by a supervising agency when evaluating a financial institution's compliance with community reinvestment standards. Specifically, the bill allows a supervising agency to consider the efforts of a financial institution that deny business loans to low- and moderate-income borrowers to refer these borrowers to community business development organizations or to provide these borrowers directly with business development resources.
View Full Text

Suggested Questions

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

Timeline
Jul 14, 2022
Introduced in Senate
Jul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 14, 2022
    Introduced in Senate


  • July 14, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted