Community Impact Financial Institutions Inclusion Act of 2020

Summary

Community Impact Financial Institutions Inclusion Act of 2020 This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.

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Timeline

1. 8 May 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 8 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 May 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 May 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 May 2020

  Open at official source

Sponsors

• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Maxine Waters · D · Sponsor
• Brad Sherman · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.