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H.R. 6775

Community Impact Financial Institutions Inclusion Act of 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.

Referred to the House Committee on Financial Services.

Rep. Meeks, Gregory W. [D-NY-5](D-NY)Sponsor
2 cosponsors2 D
2cosponsors1committees3actions9subjects
  1. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Community Impact Financial Institutions Inclusion Act of 2020 — Informed