S 2511 · 102th Congress · Finance and Financial Sector
A bill to exempt certain financial institutions from the examination requirements of the Community Reinvestment Act of 1977.
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking.(1992-04-01)
Plain Language Summary
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Amends the Community Reinvestment Act of 1977 to exempt from its examination requirements a regulated financial institution if: (1) its main office is located in an area of 15,000 or less population outside a metropolitan statistical area; (2) the institution and its parent bank holding company have maximum aggregate assets of $75,000,000; and (3) the aggregate outstanding balances of secured and unsecured loans made by the institution constitute at least 50 percent of its deposits.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
3 Democrats2 Republicans