Requiring the advice and consent of the Senate or an Act of Congress to suspend, terminate, or withdraw the United States from the North Atlantic Treaty and authorizing related litigation, and for other purposes.
- Last Action
- 2/4/2019
Actions
- 2019-01-03Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-03Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2019-01-03Introduced in House
- 2019-01-03Introduced in House
CRS Summary
As of 2019-01-03 (00)
Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks or the RESCUE Act for Black and Community Banks
This bill establishes programs and requirements related to minority banks, black banks, community banks, women's banks, and low-income credit unions.
The bill establishes the Office of Black and Community Banks in the Office of the Comptroller of the Currency (OCC) to oversee black and community banks. The OCC and the Securities and Exchange Commission must exempt these banks from specified securities and federal banking regulations in certain circumstances.
The bill also establishes the Minority Bank Deposit Program. The Department of the Treasury must certify a depository institution or credit union upon successful application as a minority bank, a women's bank, or a low-income credit union. Every federal department and agency is directed to implement standards and procedures to ensure the use of such institutions to serve the financial needs of the department or agency.
The Government Accountability Office must study the use of the new markets tax credit, lower-value home mortgages, and blockchain investments.
Cosponsors (20)
- Yvette Clarke (D-NY)
- Henry Johnson (D-GA)
- Alexandria Ocasio-Cortez (D-NY)
- BENNIE THOMPSON (D-MS)
- SHEILA JACKSON LEE (D-TX)
- Ilhan Omar (D-MN)
- Rashida Tlaib (D-MI)
- Raúl Grijalva (D-AZ)
- Steve Cohen (D-TN)
- ALCEE HASTINGS (D-FL)
- BARBARA LEE (D-CA)
- Marcia Fudge (D-OH)
- Frederica Wilson (D-FL)
- MARCY KAPTUR (D-OH)
- Pramila Jayapal (D-WA)
- JAMES COOPER (D-TN)
- André Carson (D-IN)
- DANNY DAVIS (D-IL)
- Michael San Nicolas (D-GU)
- Ro Khanna (D-CA)
Subjects
- Administrative law and regulatory procedures
- Advanced technology and technological innovations
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Credit and credit markets
- Currency
- Financial services and investments
- Government information and archives
- Government studies and investigations
- Housing finance and home ownership
- Minority and disadvantaged businesses
- Securities
- Securities and Exchange Commission (SEC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.