To provide an incentive system for banks and thrifts to extend credit, take deposits, and to locate in distressed neighborhoods, and for other purposes.

Summary

Directs the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation to establish minimum requirements for accounts providing basic consumer depository services in order for such accounts to qualify as lifeline accounts. Provides assessment credits for qualifying depository institution activities in distressed communities. Establishes the Community Enterprise Assessment Credit Board. Authorizes a depository institution located in a distressed community to sell insurance under specified conditions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 July 1991

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

2. 16 July 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 July 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 August 1991

   Referred

   Referred to the Subcommittee on Housing and Community Development.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 July 1991

  Open at official source

Sponsors

• Rep. Ridge, Thomas J. [R-PA-21] · R · Sponsor
• Rep. Flake, Floyd H. [D-NY-6] · D · Sponsor
• Rep. Wylie, Chalmers P. [R-OH-15] · R · Sponsor
• Rep. Cox, John W., Jr. [D-IL-16] · D · Sponsor
• Rep. Moran, James P. [D-VA-8] · D · Sponsor
• Rep. Riggs, Frank [R-CA-1] · R · Sponsor
• Rep. Orton, Bill [D-UT-3] · D · Sponsor
• Rep. Horton, Frank J. [R-NY-34] · R · Cosponsor
• Rep. Kolter, Joseph P. [D-PA-4] · D · Cosponsor
• Richard Neal · D · Cosponsor
• Rep. Owens, Major R. [D-NY-12] · D · Cosponsor
• Rep. Hayes, Charles A. [D-IL-1] · D · Cosponsor
• Rep. Traficant, James A., Jr. [D-OH-17] · D · Cosponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Cosponsor
• Rep. Dellums, Ronald V. [D-CA-8] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• Rep. Weiss, Ted [D-NY-17] · D · Cosponsor
• · hsba00 · Standing

Related records

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