This bill requires the Federal Reserve Board to provide interest-free loans to small minority depository institutions and small community development financial institutions during the COVID-19 (i.e., coronavirus disease 2019) emergency period. The board must charge interest on these loans beginning 18 months after the end of the emergency period.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2020-03-24 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2020-03-24 | IntroReferral | Introduced in House | Library of Congress |