Community Impact Financial Institutions Inclusion Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 8, 2020)
Community Impact Financial Institutions Inclusion Act of 2020
This bill allocates a certain portion of specified COVID-19 (i.e., coronavirus disease 2019) economic aid to finance loans originated by small financial institutions. Specifically, 20% of this aid must be allocated to community lenders, insured depository institutions, and credit unions with less than $10 billion in assets and 5% of this aid must be allocated to minority depository institutions and community development financial institutions with less than $10 billion in assets.
What just happenedMay 8, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMay 8, 2020
- May 8, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 8, 2020IntroReferralIntro-H
Introduced in House
- May 8, 2020IntroReferral1000
Introduced in House