Promoting New and Diverse Depository Institutions Act
118-HR-1533118th CongressIntroduced Mar 10, 2023Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Financial Services.
Sponsor
Rep. Auchincloss, Jake [D-MA-4](D-MA-4)3 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.
Actions (3)
Referred to the House Committee on Financial Services.
Mar 10, 2023House floor actions
Introduced in House
Mar 10, 2023Library of Congress
Introduced in House
Mar 10, 2023Library of Congress