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HR 2909 102th Congress House Finance and Financial Sector Bank accounts Bank loans Community development Community development corporations Deposit insurance Depressed areas Executive reorganization Federal advisory bodies Insurance Insurance premiums

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

Introduced: July 16, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Aug 1, 1991
Referred to the Subcommittee on Housing and Community Development.
Jul 16, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Jul 16, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now August 1, 1991

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 2
D
Norton, Eleanor Holmes
District of Columbia · Nov 18, 1991
 D
Neal, Richard E.
Massachusetts · Oct 24, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2909: To provide an incentive system for banks and thrifts to extend credit, take deposits, and to locate in distressed neighborhoods, and for other purposes.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2909/
MLA
"H.R. 2909: To provide an incentive system for banks and thrifts to extend credit, take deposits, and to locate in distressed neighborhoods, and for other purposes.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2909/.
Bluebook (legal)
H.R. 2909, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2909/.
Markdown link
[H.R. 2909: To provide an incentive system for banks and thrifts to extend credit, take deposits, and to locate in distressed neighborhoods, and for other purposes.](https://openamerica.io/bill/102-HR-2909/)
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