H.R.2672: Helping Expand Lending Practices in Rural Communities Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Andy Barr, R-Ky.
Total Cosponsors 6 (2 Democrats, 4 Republicans)
Introduced July 11, 2013
Latest Major Action Sept. 16, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Helping Expand Lending Practices in Rural Communities Act - Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.

Prescribes criteria for the CFPB to consider when evaluating the application.

Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (3) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.

Sunsets this Act two years after its date of enactment.

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 16, 2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 7, 2014 Received in the Senate.
May 6, 2014 The title of the measure was amended. Agreed to without objection.
May 6, 2014 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3420)
May 6, 2014 DEBATE - The House proceeded with forty minutes of debate on H.R. 2672.
May 6, 2014 Considered under suspension of the rules. (consideration: CR H3420-3422)
May 6, 2014 Mrs. Capito moved to suspend the rules and pass the bill, as amended.
March 14, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 1.
March 14, 2014 Committee Consideration and Mark-up Session Held.
Dec. 4, 2013 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
July 11, 2013 Referred to the House Committee on Financial Services.