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
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
Plain-English 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.
What's happening now
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.