H.R. 7003
IntroducedExpanding Financial Access for Underserved Communities Act
Latest Action
Placed on the Union Calendar, Calendar No. 265.
6/7/2022 • House
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.
Reported to House • 6/7/2022
Topics & Subjects
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
March 8, 2022
Committee Review
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law