H.R. 1259
Referred to CommitteeHelping Expand Lending Practices in Rural Communities Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
4/14/2015 • Senate
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Helping Expand Lending Practices in Rural Communities Act
(Sec. 2) Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.
Prescribes criteria for the CFPB to consider when evaluating the application.
Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (2) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.
Sunsets this Act two years after its enactment.
Passed House without amendment • 4/13/2015
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the House
Introduced
March 4, 2015
Committee Review
March 25, 2015
Committee Consideration and Mark-up Session Held.
Floor Debate
April 13, 2015
Passed Chamber
April 13, 2015
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (4)
S. 871
HELP Rural Communities Act of 2015
H.R. 1389
American Jobs and Community Revitalization Act of 2015
S. 1910
Financial Services and General Government Appropriations Act, 2016
S. 2132
An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016