HR 2570 · 109th Congress · Finance and Financial Sector
Credit Availability for Women-Owned Businesses Act of 2005
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2005-06-03)
Plain Language Summary
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Credit Availability for Women-Owned Businesses Act of 2005 - Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to require the appropriate Federal banking agency to prescribe regulations requiring insured depository institutions to submit information annually on: (1) women-owned businesses in their reports of condition; and (2) such information as the agency may need to assess the availability of credit to women-owned businesses. Defines women-owned business as any business: (1) more than 50 percent of the outstanding shares of which are held by one or more women; and (2) a majority of the directors on the board of directors of which are women.…
Summarized by Claude AI · Non-partisan · For informational purposes only