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Rural Credit Access Act of 2024

USA118th CongressHR-7338| House 
| Updated: 2/13/2024
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (3)
Kathy E. Manning (Democratic)Donald G. Davis (Democratic)Chuck Edwards (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Rural Credit Access Act of 2024 This bill establishes an Office of the Community Development Advocate in the Community Development Financial Institutions Fund. The fund supports Community Development Financial Institutions (CDFIs), which provide financial services to low-income and underserved communities. The office must ensure the safety and affordability of products and services provided by CDFIs to target populations and investment areas. The office must also collect and address complaints from financial institutions, facilitate coordination between the fund and federal banking agencies, and ensure institutions have access to technical assistance. The bill also requires the establishment of a process for revoking a CDFI’s certification.
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Timeline
Feb 13, 2024
Introduced in House
Feb 13, 2024
Referred to the House Committee on Financial Services.
  • February 13, 2024
    Introduced in House


  • February 13, 2024
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Rural Credit Access Act of 2024

USA118th CongressHR-7338| House 
| Updated: 2/13/2024
Rural Credit Access Act of 2024 This bill establishes an Office of the Community Development Advocate in the Community Development Financial Institutions Fund. The fund supports Community Development Financial Institutions (CDFIs), which provide financial services to low-income and underserved communities. The office must ensure the safety and affordability of products and services provided by CDFIs to target populations and investment areas. The office must also collect and address complaints from financial institutions, facilitate coordination between the fund and federal banking agencies, and ensure institutions have access to technical assistance. The bill also requires the establishment of a process for revoking a CDFI’s certification.
View Full Text

Suggested Questions

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

Timeline
Feb 13, 2024
Introduced in House
Feb 13, 2024
Referred to the House Committee on Financial Services.
  • February 13, 2024
    Introduced in House


  • February 13, 2024
    Referred to the House Committee on Financial Services.
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (3)
Kathy E. Manning (Democratic)Donald G. Davis (Democratic)Chuck Edwards (Republican)

Financial Services Committee

Finance and Financial Sector

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