HR 2570 · 109th Congress · Finance and Financial Sector

Credit Availability for Women-Owned Businesses Act of 2005

Introduced 2005-05-24· Sponsored by Rep. Andrews, Robert E. [D-NJ-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2005-06-03)

Plain Language Summary

[AI summary unavailable — showing source text] 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