US SB3774 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 20 2020 - 25% progression, died in committee
Action: 2020-05-20 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 20 2020 - 25% progression, died in committee
Action: 2020-05-20 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes the Community Capital Investment Program to provide capital investments and interest-free loans to community development financial institutions, minority depository institutions, and certain small credit unions and banks to support low-income borrowers.
Title
A bill to amend the CARES Act to establish a Community Capital Investment Program, and for other purposes.
Sponsors
| Sen. Gary Peters [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-20 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB6868 (Related) 2020-05-14 - Referred to the House Committee on Financial Services.
HB7993 (Related) 2020-08-07 - Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB7993 (Related) 2020-08-07 - Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Community life and organization
Finance and financial sector
Government lending and loan guarantees
Minority and disadvantaged businesses
Securities
Small business
Banking and financial institutions regulation
Business investment and capital
Community life and organization
Finance and financial sector
Government lending and loan guarantees
Minority and disadvantaged businesses
Securities
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3774/all-info |
| Text | https://www.congress.gov/116/bills/s3774/BILLS-116s3774is.pdf |
