HR 6775
116th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Cardiovascular and respiratory health
Congressional oversight
Emergency medical services and trauma care
Federal Reserve System
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Infectious and parasitic diseases
Community Impact Financial Institutions Inclusion Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2020
Referred to the House Committee on Financial Services.
May 8, 2020
Introduced in House
Plain-English summary
Community Impact Financial Institutions Inclusion Act of 2020
This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1