The National Community Reinvestment Coalition is reporting that H.R. 10 could go to the House floor for a vote by Thursday, July 1. This bill undermines and, by not expanding along with new banking powers, severely limits the scope and effectiveness of the Community Reinvestment Act. Advocates are urged to contact their U.S. Representatives now and speak out in support of the good the Community Reinvestment Act has done for their communities. Congressional members are being urged to support this amendment. Expected to reach House floor on July 1.
Passage continues to look good as both bills gain new co-sponsors daily.
Awaiting movement of larger tax bills. There is hope that the bill would be combined with H.R. 1336 and moved toward passage. The Senate Banking Committee s Housing and Transportation Subcommittee will hold a hearing on housing preservation on July 1. The Senate Banking Committee s Housing and Transportation Subcommittee will hold a hearing on housing preservation on July 1. There is hope that the bill would be combined with H.R. 425 and moved toward passage.