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United States · Bill · S

S. 4532 (117th)

Strengthening Community Business Development Act

referredUnited States· United States Congress· EN

Introduced

14 July 2022

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

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

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Sources

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