legislation: 117-s-4532

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-s-4532 117 s 4532 Strengthening Community Business Development Act Finance and Financial Sector 2022-07-14 2022-07-14 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Hassan, Margaret Wood [D-NH] NH D H001076 0 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 organizations or to provide these borrowers directly with business development resources. 2022-12-29T18:33:45Z https://www.congress.gov/bill/117th-congress/senate-bill/4532

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