summary
Introduced
03/08/2022
03/08/2022
In Committee
05/17/2022
05/17/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Federal Credit Union Act to permit credit unions to serve certain underserved areas, and for other purposes.
AI Summary
This bill, the Expanding Financial Access for Underserved Communities Act, amends the Federal Credit Union Act to allow credit unions to serve certain underserved areas. Specifically, it permits credit unions to alter or expand their field of membership to include underserved areas, as defined by the bill, and allows member business lending to borrowers in these underserved areas. The bill also requires the National Credit Union Administration to report on the implementation of these changes after 3 and 5 years.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Placed on the Union Calendar, Calendar No. 265. (on 06/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
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