HR 4590 · 117th Congress · Finance and Financial Sector
Promoting New and Diverse Depository Institutions Act
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-07-27)
Plain Language Summary
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Promoting New and Diverse Depository Institutions Act This bill requires federal banking agencies to study the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4590, Promoting New and Diverse Depository Institutions Act
Nov 29, 2021As ordered reported by the House Committee on Financial Services on July 29, 2021
Full CBO report ↗H.R. 4590, the Promoting New and Diverse Depository Institutions Act
Jul 26, 2022As Posted on the Website of the Clerk of the House on July 25, 2022
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (5)
3 Democrats2 Republicans