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H.R. 6655 (95th): Housing and Community Development Act


About the bill

Source: Wikipedia

The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.

The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.) To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance ...

Sponsor and status

Introduced
Apr 26, 1977
95th Congress (1977–1978)
Status

Enacted — Signed by the President on Oct 12, 1977

This bill was enacted after being signed by the President on October 12, 1977.

Law
Pub.L. 95-128
Sponsor

Henry Reuss

Representative for Wisconsin's 5th congressional district

Democrat

Text

Read Text »
Last Updated: Oct 12, 1977

Cosponsors

18 Cosponsors (14 Democrats, 4 Republicans)

Source

History

Apr 26, 1977
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 11, 1977
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jun 7, 1977
 
Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes.

Oct 12, 1977
 
Enacted — Signed by the President

The President signed the bill and it became law.

Oct 12, 1977
 
Text Published

Updated bill text was published as of Passed Congress.

H.R. 6655 (95th) was a bill in the United States Congress.

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

Bills numbers restart every two years. That means there are other bills with the number H.R. 6655. This is the one from the 95th Congress.

This bill was introduced in the 95th Congress, which met from Jan 4, 1977 to Oct 15, 1978. Legislation not passed by the end of a Congress is cleared from the books.

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“H.R. 6655 — 95th Congress: Housing and Community Development Act.” www.GovTrack.us. 1977. October 19, 2021 <https://www.govtrack.us/congress/bills/95/hr6655>

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