summary
Introduced
07/21/2021
07/21/2021
In Committee
07/29/2021
07/29/2021
Crossed Over
07/27/2022
07/27/2022
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
AN ACT To require the Federal banking regulators to jointly conduct a study and develop a strategic plan to address chal- lenges faced by proposed depository institutions seeking de novo depository institution charters; and for other purposes.
AI Summary
This bill requires the federal banking regulators to jointly conduct a study and develop a strategic plan to address the challenges faced by proposed depository institutions, including minority depository institutions, seeking to obtain new bank charters. The study and plan are intended to promote the chartering of new and diverse depository institutions, increase the availability of banking and financial services, and ensure a level playing field. The bill also includes a provision to reduce a dollar figure related to the Federal Reserve Act. Overall, the goal of the bill is to support the establishment of new and diverse depository institutions across the country.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (6)
Jake Auchincloss (D)*,
Danny Davis (D),
Al Green (D),
Dan Kildee (D),
Patrick McHenry (R),
Van Taylor (R),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/27/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
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