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HR 4043 110th Congress House Finance and Financial Sector Bank mergers Commerce Congress Congressional reporting requirements Minorities Minority business enterprises

Preserving and Expanding Minority Depository Institutions Act

Introduced: November 1, 2007 See on congress.gov
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 6, 2007
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 5, 2007
Motion to reconsider laid on the table Agreed to without objection.
Dec 5, 2007
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H14174)
Dec 5, 2007
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H14174)
Dec 5, 2007
DEBATE - The House proceeded with forty minutes of debate on H.R. 4043.
Dec 5, 2007
Considered under suspension of the rules. (consideration: CR H14174-14176)
Dec 5, 2007
Mr. Watt moved to suspend the rules and pass the bill, as amended.
Dec 4, 2007
Placed on the Union Calendar, Calendar No. 289.
Dec 4, 2007
Reported by the Committee on Financial Services. H. Rept. 110-465.
Nov 7, 2007
Ordered to be Reported by Voice Vote.
Nov 7, 2007
Committee Consideration and Mark-up Session Held.
Nov 1, 2007
Referred to the House Committee on Financial Services.
Nov 1, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Preserving and Expanding Minority Depository Institutions Act - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to include the Chairman of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the Comptroller of the Currency among the persons with whom the Secretary of the Treasury must consult regarding methods for best preserving: (1) the present number of minority depository institutions; and (2) their minority character in cases involving mergers or acquisition of a minority depository institution.

Directs the Secretary of the Treasury, the Chairman of the Federal Reserve Board, the Comptroller of the Currency, the Director of the Office of Thrift Supervision (OTS), and the Chairperson of the Federal Deposit Insurance Corporation each to submit an annual report to Congress describing actions taken with respect to the preservation and expansion of minority depository institutions.

Amends the Home Owners' Loan Act to repeal its (redundant) requirement that the OTS Director report annually to Congress on actions taken with respect to the preservation and expansion of minority depository institutions.

What's happening now December 6, 2007

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

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4