H.R.269 - Community Reinvestment Improvement Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. McCollum, Bill [R-FL-8] (Introduced 01/05/1993)|
|Committees:||House - Banking, Finance, and Urban Affairs|
|Latest Action:||House - 02/01/1993 Referred to the Subcommittee on Consumer Credit and Insurance. (All Actions)|
This bill has the status Introduced
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Summary: H.R.269 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (01/05/1993)
Community Reinvestment Improvement Act of 1993 - Amends the Community Reinvestment Act of 1977 to set forth a modified evaluation procedure for certain mid-sized financial institutions which meet specified criteria.
Requires the appropriate financial institutions supervisory agency to: (1) conduct a compliance evaluation in connection with its examination of such institutions or every two years, whichever is more frequent; and (2) provide public notice of such evaluation upon its commencement.
Disqualifies from this Act's modified evaluation procedure for a ten-year period any institution that has intentionally submitted false information or willfully violated the requirements of this Act.
Exempts from the evaluation requirements of this Act certain small-sized regulated financial institutions.
Cites criteria under which a regulated financial institution's application for a deposit facility shall not be denied on the basis of its compliance with this Act.