Promoting New and Diverse Depository Institutions Act
- Last Action
- 3/10/2023
Actions
- 2023-03-10Referred to the House Committee on Financial Services.
- 2023-03-10Introduced in House
- 2023-03-10Introduced in House
CRS Summary
As of 2023-03-10 (00)
Promoting New and Diverse Depository Institutions Act
This bill requires federal banking agencies to study and report on the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.
Cosponsors (3)
- Patrick McHenry (R-NC)
- Marcus Molinaro (R-NY)
- Brian Fitzpatrick (R-PA)
Sourced from Congress.gov (public domain).
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