United States · Bill · S
S. 4532 (117th)
Strengthening Community Business Development Act
Introduced
14 July 2022
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
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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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 14 July 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 July 2022
Introduced in Senate
summary · EN · 14 July 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/4532
- Open data entity: https://api.congress.gov/v3/bill/117/s/4532