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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2022-06-07 | Calendars | Placed on the Union Calendar, Calendar No. 265. | House floor actions |
| 2022-06-07 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 117-351. | House floor actions |
| 2022-05-17 | Committee | Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 27 - 22. | House committee actions |
| 2022-05-17 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2022-03-08 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2022-03-08 | IntroReferral | Introduced in House | Library of Congress |