Search Results for keywords:"minority depository institutions"

Search Results: keywords:"minority depository institutions"

H. R. 7420 — To establish or modify requirements relating to minority depository institutions, community development financial institutions, and impact banks, and for other purposes.
💰
February 20, 2024
Status:Introduced in House
Congress:118
Words:5,685
H. R. 7420, titled the “Ensuring Diversity in Community Banking Act,” aims to support minority depository institutions, community development financial institutions, and impact banks. It establishes several initiatives, including creating designations for "impact banks" that...
Simple Explanation
H. R. 7420 is a bill that tries to help special banks that support communities who might need extra financial help. It wants big agencies to put money in these banks and make rules to help them be fair and give more loans to people and small businesses.
H. R. 9767 — To make reforms to provide support for minority depository institutions, community development financial institutions, and minority lending institutions to promote and advance communities of color through inclusive lending, and for other purposes.
💰
September 23, 2024
Status:Introduced in House
Congress:118
Words:4,880
H.R. 9767 aims to strengthen financial institutions that serve minority communities by providing additional support and resources. It establishes an Office of Diverse and Mission-Driven Community Financial Institutions within the U.S. Treasury, promotes diversity through data...
Simple Explanation
H.R. 9767 is like a big plan to help banks that support people with less money, especially in neighborhoods where lots of different people live. It wants to give these banks extra money and tools so they can help even more people start businesses and make their communities better.
H. R. 3161 — To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require the Director of the Community Development Financial Institutions Fund to testify on an annual basis before the Financial Services Committee of the House of Representatives and the Banking, Housing, and Urban Affairs Committee of the Senate.
August 30, 2024
Status:Reported in House
Congress:118
Words:930
H.R. 3161, known as the “CDFI Fund Transparency Act,” proposes changes to the Riegle Community Development and Regulatory Improvement Act of 1994. It requires the Director of the Community Development Financial Institutions (CDFI) Fund to give an annual testimony before...
Simple Explanation
H.R. 3161 is a bill that wants the leader of a special group, called the CDFI Fund, to tell Congress once a year about how they help banks that support communities, especially ones that help different cultures. This is to make sure they're doing a good job helping these banks.
H. R. 7483 — To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Financial Agent Mentor-Protégé Program within the Department of the Treasury, and for other purposes.
💰
February 29, 2024
Status:Introduced in House
Congress:118
Words:811
H.R. 7483 is a bill that aims to modify the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 by establishing a Financial Agent Mentor-Protégé Program within the Department of the Treasury. This program is designed to allow large financial institutions or...
Simple Explanation
The bill wants to create a buddy program where big banks help little banks learn and grow. It means setting some rules about which banks can join, but there might be costs and challenges to make sure it's fair and useful for everyone involved.

Showing 1 to 4 of 4 results