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Searching...- Bills
- H.R.865
H.R.865: Community Reinvestment Modernization Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about law
- Introduced March 6, 2001
- Latest Major Action March 26, 2001
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
36 (36 Democrats, 1 Independent Democrat)
Bill Summary
Community Reinvestment Modernization Act of 2001 - Amends the Bank Holding Company Act of 1956 to subject to the Community Reinvestment Act of 1977 (CRA) all nonbank affiliates of bank holding companies that engage in lending or offer banking products or services.Mandates reduction of the CRA rating of a regulated financial institution to reflect predatory or negative credit practices.Places an affirmative obligation upon each securities...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Financeial Institutions and Consumer Credit, and in addition to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises..
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| March 6, 2001 |
Introduced in the House by Thomas M. Barrett (D-Wis.) |