Community Impact Financial Institutions Inclusion Act of 2020
Latest action · May 8, 2020 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 8, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Community Impact Financial Institutions Inclusion Act of 2020
This bill 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.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from May 8, 2020 to Jul 21, 2020, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Maxine Waters | Original | May 8, 2020 |
| D-CA | Brad Sherman | Jul 21, 2020 |
Actions 2
Everything that happened, newest first.
- May 8, 2020Introduced in House
- May 8, 2020Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- 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
Text 1
Each version as it was printed, newest first.
- May 8, 2020Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.