HR 1931 · 106th Congress · Finance and Financial Sector

CRA Sunshine Act of 1999

Introduced 1999-05-25· Sponsored by Rep. McCollum, Bill [R-FL-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-06-11)

Plain Language Summary

[AI summary unavailable — showing source text] CRA Sunshine Act of 1999 - Amends the Federal Deposit Insurance Act to mandate: (1) full disclosure to the appropriate Federal supervisory banking agency and to the public of any agreement entered into by an insured depository institution with a nongovernmental entity in connection with the Community Reinvestment Act of 1977 which involves such institution's resources; and (2) an annual report to such agency by each party to the agreement. States that noncompliance with this Act renders the agreement nonenforceable after due notice and a reasonable period to comply.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

5 Republicans