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S 1822 111th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Consumer credit Credit and credit markets Financial crises and stabilization Government lending and loan guarantees Interest, dividends, interest rates

Bank On Our Communities Act of 2009

Introduced: October 21, 2009 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 21, 2009
Sponsor introductory remarks on measure. (CR S10641-10642)
Oct 21, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Bank On Our Communities Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to provide that the needs and viability of insured depository institutions with total assets of less than $5 billion (small financial institutions) may be taken into account by the Secretary of the Treasury when exercising authority under EESA.

Establishes within the Treasury the Community Credit Renewal Fund to provide up to $15 billion in assistance to community banking institutions.

Prescribes the manner in which a community banking institution may establish its long-term viability by demonstrating receipt of capital from investors other than the Secretary.

Subjects a community banking institution to penalties if has failed by December 31, 2010, to: (1) increase its total amount of commercial, industrial, and consumer loans by a dollar amount equal to the amount of capital received from the Secretary; or (2) increase its total amount of commercial and industrial loans by a dollar amount at least 5 % greater than the smallest amount of such loans held by the community banking institution as of any quarter end of the first three quarters in calendar year 2009.

Prescribes lending incentives to spur commercial and industrial loans by a community banking institution.

What's happening now October 21, 2009

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1822: Bank On Our Communities Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1822/
MLA
"S. 1822: Bank On Our Communities Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1822/.
Bluebook (legal)
S. 1822, 111th Cong. (2026), https://openamerica.io/bill/111-S-1822/.
Markdown link
[S. 1822: Bank On Our Communities Act of 2009](https://openamerica.io/bill/111-S-1822/)
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