Bill > H3421

This bill requires banks that are supervised by the state to include their community reinvestment goals and the results they achieve in their annual reports to the Commissioner of the Division of Banks, which is a state agency that oversees banks. These reports must also be sent to every city and town in the state, and the Commissioner will determine the specific format for these reports. The purpose of this is to ensure banks are meeting their obligations to reinvest in the communities they serve, as outlined in section 14 of the law, which likely details specific requirements for community reinvestment.