Expanding Financial Access for Underserved Communities Act

1/2
Status In Committee
Sponsor Alejandro Padilla
Citation 117-S-4879
Actions 2
Introduced Sep 19th, 2022
Cosponsors
Last Action Sep 19th, 2022
Policy Area
Introduced Senate Sep 19
Senate
House
President
Enacted

Summary

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What this bill does

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Expanding Financial Access for Underserved Communities Act This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population. The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.

Actions

2
Senate
INTRODUCED
INTRODUCED
Sep 19, 2022
ON FLOOR
REFERRED TO COMMITTEE
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