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HR 7003 117th Congress House Finance and Financial Sector Banking and financial institutions regulation Economic development

Expanding Financial Access for Underserved Communities Act

Introduced: March 8, 2022 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2022
Placed on the Union Calendar, Calendar No. 265.
Jun 7, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
May 17, 2022
Committee Consideration and Mark-up Session Held.
Mar 8, 2022
Referred to the House Committee on Financial Services.
Mar 8, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Expanding Financial Access for Underserved Communities Act

This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population.

The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.

What's happening now June 7, 2022

Placed on the Union Calendar, Calendar No. 265.

 Committees of jurisdiction 1