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.

Introduced 1992-04-01· Sponsored by Sen. Kassebaum, Nancy Landon [R-KS]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1992-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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