Washington D.C. Council Bill 220589 (Prior Session Legislation)

---

Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on November 7 2017 - 25% progression, died in chamber
Action: 2017-11-24 - Notice of Intent to Act on B22-0589 Published in the DC Register
Text: Latest bill text (Introduced) [PDF]

As introduced, this bill requires the CFO to evaluate community development plans for financial institutions seeking to do business with the District. Community development plans submitted in the request for proposals process shall contain a description of the deposit-receiving institution's plans for meeting the credit and financial services needs of minority, low-income and moderate-income residents, elderly residents, and residents in designated development areas. It increases the weight that the CFO must give to the institution's community development score. It also requires public comment before executing option years to contracts with banks already doing business with the District.

Strengthening Community Development Amendment Act Of 2017

Cnc. David Grosso [D]	Cnc. Trayon White [D]	Cnc. Robert White [D]	Cnc. Anita Bonds [D]
Cnc. Vincent Gray [D]	Cnc. Elissa Silverman [I]

Date	Chamber	Action
2017-11-24	Council	Notice of Intent to Act on B22-0589 Published in the DC Register
2017-11-21	Council	Referred to Committee on Business and Economic Development
2017-11-07	Council	Introduced in Legislative Meeting

Type	Source
Summary	http://lims.dccouncil.gov/Legislation/B22-0589
Text	http://lims.dccouncil.gov/Download/39216/B22-0589-Introduction.pdf