Expanding Financial Access for Underserved Communities Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
President
Introduced Mar 8, 2022
Last action Jun 7, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
2
Committee
3
Jun 7, 2022
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351.
lower
May 17, 2022
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Mar 8, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Mar 8, 2022
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Maxine Waters
DDemocratic
Co
David Scott
DDemocratic
Co
Ed Perlmutter
DDemocratic
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