HR 1931 · 106th Congress · Finance and Financial Sector
CRA Sunshine Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-06-11)
Plain Language Summary
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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