US HB6775 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.
Title
Community Impact Financial Institutions Inclusion Act of 2020
Sponsors
| Rep. Gregory Meeks [D-NY] | Rep. Maxine Waters [D-CA] | Rep. Brad Sherman [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-08 | House | Referred to the House Committee on Financial Services. |
| 2020-05-08 | House | Introduced in House |
Subjects
Banking and financial institutions regulation
Cardiovascular and respiratory health
Congressional oversight
Emergency medical services and trauma care
Federal Reserve System
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Infectious and parasitic diseases
Cardiovascular and respiratory health
Congressional oversight
Emergency medical services and trauma care
Federal Reserve System
Finance and financial sector
Financial crises and stabilization
Financial services and investments
Government lending and loan guarantees
Infectious and parasitic diseases
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6775/all-info |
| Text | https://www.congress.gov/116/bills/hr6775/BILLS-116hr6775ih.pdf |
