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Bill > H1028


MA H1028

MA H1028
Relative to community reinvestment goals for banks


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to community reinvestment goals for banks. Financial Services.

AI Summary

This bill amends the first paragraph of Section 13 of Chapter 167 of the General Laws to require that each report submitted by banks on their community reinvestment goals include the goals outlined in their strategic plan and their most recent rating from the commissioner, as required under regulation 209 CMR 46.00. This aims to provide more transparency and accountability around banks' community reinvestment efforts and performance.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Accompanied a study order, see H4705 (on 06/03/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H1028
BillText https://malegislature.gov/Bills/193/H1028.pdf
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