HR 8833
117th Congress
House
Finance and Financial Sector
Making Communities Stronger through the Community Reinvestment Act
Introduced: September 15, 2022
Introduced by:
Waters, Maxine
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 2022
Referred to the House Committee on Financial Services.
Sep 15, 2022
Introduced in House
Plain-English summary
Making Communities Stronger through the Community Reinvestment Act
This bill revises the Community Reinvestment Act, which addresses the availability of credit in communities. Under the act, financial regulators examine a banking institution's community activities such as lending, investments, and services, particularly for low- and moderate-income populations.
Specifically, the bill sets forth examination requirements regarding an institution's
- illegal or discriminatory activity,
- partnerships with non-depository lenders,
- home mortgage lending targeted to low- and moderate-income borrowers, and
- community service or charity work.
Each institution must establish Community Advisory Committees in areas served by the institution.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1