H.R. 3820 (101st): Community Reinvestment Improvement Act of 1990

Introduced:
Nov 21, 1989 (101st Congress, 1989–1990)
Status:
Died (Referred to Committee)
Sponsor
Harry “Steve” Bartlett
Representative for Texas's 3rd congressional district
Party
Republican
 
Status

This bill was introduced on November 21, 1989, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 21, 1989
Referred to Committee Nov 21, 1989
 
Full Title

To amend the Community Reinvestment Act of 1977 to establish procedures for agency evaluation of community reinvestment performance in connection with deposit facility applications, to provide safe harbor rules with respect to investments in community development organizations, and for other purposes.

Summary

No summaries available.

Cosponsors
5 cosponsors (4R, 1D) (show)
Committees

House Financial Services

Housing and Insurance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/21/1989--Introduced.
Community Reinvestment Improvement Act of 1990 - Amends the Community Reinvestment Act of 1977 to state that when a Federal banking agency evaluates the deposit facility application of an insured depository institution it must take into account its most recent evaluation of the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods.
Cites circumstances under which a satisfactory record of meeting such community credit needs will result in exemption from further assessment for a two-year period.
Prescribes guidelines for evaluating a record of meeting the credit needs of the entire community.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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