Promoting New and Diverse Depository Institutions Act
117-HR-4590117th CongressIntroduced Jul 21, 2021Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor
Rep. Auchincloss, Jake [D-MA-4](D-MA-4)5 cosponsors
Summary
Promoting New and Diverse Depository Institutions Act
This bill requires federal banking agencies to study and report on the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.
The bill also decreases, beginning September 30, 2022, the cap on the surplus funds of the Federal Reserve banks. (Amounts exceeding this cap are deposited in the general fund of the Treasury.)
Subjects
Banking and financial institutions regulationFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsMinority and disadvantaged businesses
Actions (16)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2022Senate
Motion to reconsider laid on the table Agreed to without objection.
Jul 26, 2022House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7150-7151)
Jul 26, 2022House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7150-7151)
Jul 26, 2022Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 4590.
Jul 26, 2022House floor actions
Considered under suspension of the rules. (consideration: CR H7150-7152)
Jul 26, 2022House floor actions
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Jul 26, 2022House floor actions
Placed on the Union Calendar, Calendar No. 163.
Jan 20, 2022House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-229.
Jan 20, 2022House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-229.
Jan 20, 2022Library of Congress
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 29, 2021House committee actions
Committee Consideration and Mark-up Session Held.
Jul 29, 2021House committee actions
Committee Consideration and Mark-up Session Held.
Jul 28, 2021House committee actions
Referred to the House Committee on Financial Services.
Jul 21, 2021House floor actions
Introduced in House
Jul 21, 2021Library of Congress
Introduced in House
Jul 21, 2021Library of Congress