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- H.R.7993
H.R.7993: Promoting and Advancing Communities of Color through Inclusive Lending Act
About This Bill
- Introduced Aug. 7, 2020
- Latest Major Action Aug. 7, 2020
Bill Sponsor
Bill Cosponsors
19 (All Democrats)
Bill Version
- Introduced in House - Aug. 7, 2020
Bill Summary
Promoting and Advancing Communities of Color through Inclusive Lending Act This bill revises requirements applicable to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) and addresses lending during the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill establishes mandatory set-asides for (1) minority CDFIs under the CDFI Fund, and (2) CDFIs and MDIs under existing COVID-19 economic...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Aug. 7, 2020 |
Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| Aug. 7, 2020 |
Introduced in the House by Maxine Waters (D-Calif.) |