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Expanding Financial Access for Underserved Communities Act

USA117th CongressS-4879| Senate 
| Updated: 9/19/2022
Alex Padilla

Alex Padilla

Democratic Senator

California

Banking, Housing, and Urban Affairs 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.
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Timeline
Jun 7, 2022

Latest Companion Bill Action

HR 117-7003
Placed on the Union Calendar, Calendar No. 265.
Sep 19, 2022
Introduced in Senate
Sep 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
  • June 7, 2022

    Latest Companion Bill Action

    HR 117-7003
    Placed on the Union Calendar, Calendar No. 265.


  • September 19, 2022
    Introduced in Senate


  • September 19, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)

Finance and Financial Sector

Related Bills

  • HR 117-2543: Financial Services Racial Equity, Inclusion, and Economic Justice Act
  • HR 117-7003: Expanding Financial Access for Underserved Communities Act
Banking and financial institutions regulationEconomic development

Expanding Financial Access for Underserved Communities Act

USA117th CongressS-4879| Senate 
| Updated: 9/19/2022
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.
View Full Text

Suggested Questions

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

Timeline
Jun 7, 2022

Latest Companion Bill Action

HR 117-7003
Placed on the Union Calendar, Calendar No. 265.
Sep 19, 2022
Introduced in Senate
Sep 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
  • June 7, 2022

    Latest Companion Bill Action

    HR 117-7003
    Placed on the Union Calendar, Calendar No. 265.


  • September 19, 2022
    Introduced in Senate


  • September 19, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
Alex Padilla

Alex Padilla

Democratic Senator

California

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-2543: Financial Services Racial Equity, Inclusion, and Economic Justice Act
  • HR 117-7003: Expanding Financial Access for Underserved Communities Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationEconomic development