HR 8815 · 95th Congress · Finance and Financial Sector

A bill to provide that any bank or depository institution situated in a standard metropolitan statistical area must invest 25 percent of its mortgage portfolio in loans secured by real property situated in inner cities located within the standard metropolitan statistical area in which the depository institution is situated.

Introduced 1977-08-05· Sponsored by Rep. Badillo, Herman [D-NY-21]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1977-08-05)

Plain Language Summary

[AI summary unavailable — showing source text] Requires that any bank or depository institution situated in a standard metropolitan statistical area must invest 25 percent of its mortgage portfolio in loans secured by real property situated in inner cities located within the standard metropolitan statistical area in which the depository institution is situated.…

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