HR 7003 · 117th Congress · Finance and Financial Sector

Expanding Financial Access for Underserved Communities Act

Introduced 2022-03-08· Sponsored by Rep. Waters, Maxine [D-CA-43]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 265.(2022-06-07)

Plain Language Summary

[AI summary unavailable — showing source text] Expanding Financial Access for Underserved Communities Act This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population. The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.…

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

Cosponsors (2)

2 Democrats