Senate Bill 3774
116th Congress(2019-2020)
A bill to amend the CARES Act to establish a Community Capital Investment Program, and for other purposes.
Introduced
Introduced in Senate on May 20, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3774
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
This bill 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.
May 20, 2020
Sort by most recent
05/20/2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
05/20/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:39 PM