HR 2543
117th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Community life and organization
Congressional oversight
Consumer credit
Credit and credit markets
Economic performance and conditions
Federal Reserve System
Labor market
Minority employment
Monetary policy
Racial and ethnic relations
Unemployment
Wages and earnings
Financial Services Racial Equity, Inclusion, and Economic Justice Act
Introduced: April 14, 2021
Introduced by:
Waters, Maxine
Democratic
· California
See on congress.gov
Everywhere this bill has been
27 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 15, 2022
Motion to reconsider laid on the table Agreed to without objection.
Jun 15, 2022
On passage Passed by the Yeas and Nays: 215 - 207 (Roll no. 275).
Jun 15, 2022
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 207 (Roll no. 275).
Jun 15, 2022
On motion to recommit Failed by the Yeas and Nays: 202 - 219 (Roll no. 274).
Jun 15, 2022
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jun 15, 2022
Mr. Hill moved to recommit to the Committee on Financial Services. (text: CR H5589)
Jun 15, 2022
The previous question was ordered pursuant to the rule.
Jun 15, 2022
POSTPONED PROCEEDINGS - At the conclusion of debate on the Payne amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. McHenry demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 15, 2022
DEBATE - Pursuant to the provisions of H. Res. 1170, the House proceeded with 10 minutes of debate on the Payne amendment No. 19.
Jun 15, 2022
POSTPONED PROCEEDINGS - At the conclusion of debate on the Vicente Gonzalez amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Posey demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 15, 2022
DEBATE - Pursuant to the provisions of H. Res. 1170, the House proceeded with 10 minutes of debate on the Vicente Gonzalez amendment No. 10.
Jun 15, 2022
POSTPONED PROCEEDINGS - At the conclusion of debate on the Green (TX) amendment en bloc No. 2, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Al Green (TX) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 15, 2022
DEBATE - Pursuant to the provisions of H. Res. 1170, the House proceeded with 20 minutes of debate on the Al Green (TX) amendment en bloc No. 2.
Jun 15, 2022
POSTPONED PROCEEDINGS - At the conclusion of debate on the Green (TX) amendment en bloc No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. McHenry demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 15, 2022
DEBATE - Pursuant to the provisions of H. Res. 1170, the House proceeded with 20 minutes of debate on the Al Green (TX) amendment en bloc No. 1.
Jun 15, 2022
DEBATE - The House proceeded with one hour of debate on H.R. 2543.
Jun 15, 2022
Rule provides for consideration of H.R. 2543, H.R. 2773 and H.R. 7606. Resolution provides for one hour of general debate on each bill and one motion to recommit. Rule also amends House Resolution 188 by striking "June 17, 2022" and inserting "June 22, 2022".
Jun 15, 2022
Considered under the provisions of rule H. Res. 1170. (consideration: CR H5556-5591; text: CR H5556-5567)
Jun 13, 2022
Rules Committee Resolution H. Res. 1170 Reported to House. Rule provides for consideration of H.R. 2543, H.R. 2773 and H.R. 7606. Resolution provides for one hour of general debate on each bill and one motion to recommit. Rule also amends House Resolution 188 by striking "June 17, 2022" and inserting "June 22, 2022".
Jan 20, 2022
Placed on the Union Calendar, Calendar No. 162.
Jan 20, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-228.
Apr 21, 2021
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 23.
Apr 21, 2021
Committee Consideration and Mark-up Session Held.
Apr 20, 2021
Committee Consideration and Mark-up Session Held.
Apr 14, 2021
Referred to the House Committee on Financial Services.
Apr 14, 2021
Introduced in House
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jun 15, 2022 | House · vote #275 | On Passage | Passed | 215–207 | See who voted → |
| Jun 15, 2022 | House · vote #274 | On Motion to Recommit | Failed | 202–219 | See who voted → |
Plain-English summary
Financial Services Racial Equity, Inclusion, and Economic Justice Act
This bill address access to financial services, diversity in various financial institutions and establishments, and other related issues.
Access to credit, mortgages, and banking services are expanded, including by
- prohibiting discrimination with respect to credit transactions on the basis of an applicant's sexual orientation, gender identity, or location based on zip code or census tract;
- establishing language translation requirements for residential mortgage applications; and
- providing funding set-asides for minority lending institutions.
The bill expands the support of, and access to, minority depository institutions and community development financial institutions and establishes an impact bank designation for small institutions that predominately lend to low-income borrowers.
Further, the Federal Reserve Board must carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit.
Additionally, the bill requires financial institutions to report information relating to diversity policies and lending practices.
Retail businesses must accept cash as a form of payment for sales in amounts less than $2,000 and are prohibited from charging cash-paying customers a higher price.
Finally, the bill commissions various reports and studies, including a report from the Government Accountability Office on public housing for the homeless.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2