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- S.4532
S.4532: Strengthening Community Business Development Act
About This Bill
- Introduced July 14, 2022
- Latest Major Action July 14, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - July 14, 2022
Bill Summary
Strengthening Community Business Development Act This bill expands the factors allowed to be considered by a supervising agency when evaluating a financial institution's compliance with community reinvestment standards. Specifically, the bill allows a supervising agency to consider the efforts of a financial institution that deny business loans to low- and moderate-income borrowers to refer these borrowers to community business development...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 14, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| July 14, 2022 |
Introduced in the Senate by Margaret Hassan (D-N.H.) |