Expanding Financial Access for Underserved Communities Act
Latest action · Jun 7, 2022 Placed on the Union Calendar, Calendar No. 265.
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.
- IntroducedMar 8, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Expanding Financial Access for Underserved Communities Act
This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population.
The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Mar 8, 2022 to Apr 14, 2022; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CO | Ed Perlmutter | Original | Mar 8, 2022 |
| D-GA | David Scott | Apr 14, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 8, 2022Markup May 17, 2022Reported Jun 7, 2022 |
Actions 6
Everything that happened, newest first.
- Jun 7, 2022Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.
- Jun 7, 2022Placed on the Union Calendar, Calendar No. 265.
- May 17, 2022Committee Consideration and Mark-up Session Held.
- May 17, 2022Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
- Mar 8, 2022Introduced in House
- Mar 8, 2022Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 41, March 8, 2022, page H1375.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2543 | Financial Services Racial Equity, Inclusion, and Economic Justice Act | Related bill | Jun 21, 2022 |
| S 4879 | Expanding Financial Access for Underserved Communities Act | Related bill | Sep 19, 2022 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Federal Credit Union Act to permit credit unions to serve certain underserved areas, and for other purposes.
- Short Title(s) as Introduced
- Expanding Financial Access for Underserved Communities Act
- Short Title(s) as Reported to House
- Expanding Financial Access for Underserved Communities Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Jun 7, 2022Reported in House
- Mar 8, 2022Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
