I
104TH CONGRESS
2D SESSION
H. R. 3826
To amend the Community Reinvestment Act to require the reporting of
actual performance data in order to verify the availability of credit
on a nondiscriminatory basis.
IN THE HOUSE OF REPRESENTATIVES
JULY 16, 1996
Ms. WATERS introduced the following bill; which was referred to the
Committee on Banking and Financial Services
A BILL
To amend the Community Reinvestment Act to require the
reporting of actual performance data in order to verify
the availability of credit on a nondiscriminatory basis.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Women and Minority
Business Lending Accountability Act’’.
SEC. 2. REPORTING OF ACTUAL PERFORMANCE DATA.
(a) IN GENERAL.—The Community Reinvestment
Act of 1977 (12 U.S.C. 2901 et seq.) is amended by add-
ing at the end the following new section:
‘‘SEC. 809. REPORTING OF ACTUAL PERFORMANCE DATA.
‘‘(a) ESTABLISHMENT REQUIRED.—The appropriate
Federal financial supervisory agencies shall jointly develop
a format for collecting data from regulated financial insti-
tutions, in connection with examinations under section
804, concerning such institutions’ record of meeting the
credit needs of their local communities, including low- and
moderate-income neighborhoods.
‘‘(b) DATA REQUIRED.—The data required to be col-
lected under subsection (a) shall include the following:
‘‘(1) SMALL BUSINESS LENDING.—
‘‘(A) The aggregate number and dollar vol-
ume of loans originated, with a separate break-
out for originations to minority-owned and
women-owned businesses and start-up busi-
nesses.
‘‘(B) The aggregate number and dollar vol-
ume of loans originated under programs admin-
istered by the Small Business Administration,
with a separate break-out for minority-owned
and women-owned businesses.
‘‘(C) The aggregate number and dollar vol-
ume of small business loans originated by the
financial institution, compiled on the basis of
the racial and income characteristics in the in-
stitution’s entire community.
‘‘(2) COMMUNITY DEVELOPMENT.—
‘‘(A) The number and dollar volume of
loans to nonprofit child care, mental health,
and literacy centers and to nonprofit developers
of affordable housing.
‘‘(B) The financial institution’s participa-
tion in any community development project, in-
cluding a description of any partnerships devel-
oped with nonprofit community organizations,
that benefit the low- and moderate-income resi-
dents of the institution’s entire community.
‘‘(3) CONSUMER LOANS.—A statistical analysis
of the number and dollar volume of consumer loans
compiled on the basis of the racial and income char-
acteristics of neighborhoods in the institution’s en-
tire community.
‘‘(4) BRANCH CLOSURES.—
‘‘(A) A compilation of the number of the
institution’s branches and other deposit facili-
ties in neighborhoods of various racial and in-
come characteristics within the institution’s
community.
‘‘(B) An analysis of all openings and clos-
ings of branches and other deposit facilities by
the institution in the past 10 years in neighbor-
hoods of various racial and income characteris-
tics within the institution’s community.’’.
(b) DATA REQUIRED IN PUBLIC SECTION OF RE-
PORT.—Section 807(b)(1)(A) of the Community Reinvest-
ment Act of 1977 (12 U.S.C. 2906(b)(1)(A)) is amend-
ed—
(1) by striking ‘‘and’’ at the end of clause (ii);
(2) by striking the period at the end of clause
(iii) and inserting ‘‘; and’’; and
(3) by adding at the end the following new
clause:
‘‘(iv) contain the data required to be
collected with respect to the institution
pursuant to section 809.’’.
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