Expanding Financial Access for Underserved Communities Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 19, 2022)
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.
What just happenedSep 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
Who’s behind it
- Introduced in SenateSep 19, 2022
- Sep 19, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
Banking, Housing, and Urban Affairs Committee - Sep 19, 2022IntroReferral10000
Introduced in Senate