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Promoting and Advancing Communities of Color Through Inclusive Lending Act

10/8/2024, 3:33 PM

Summary of Bill HR 9767

The bill titled "Promoting and Advancing Communities of Color Through Inclusive Lending Act," designated as H.R. 9767 in the 118th Congress and introduced on September 23, 2024, aims to address issues related to lending practices within communities of color. The bill likely includes provisions aimed at promoting inclusive lending practices, enhancing access to credit for individuals in these communities, and potentially implementing safeguards to prevent discriminatory lending practices. Further details on specific directives or actions proposed in the bill are not provided in the context.

Current Status of Bill HR 9767

Bill HR 9767 is currently in the status of Bill Introduced since September 23, 2024. Bill HR 9767 was introduced during Congress 118 and was introduced to the House on September 23, 2024.  Bill HR 9767's most recent activity was Referred to the House Committee on Financial Services. as of September 23, 2024

Bipartisan Support of Bill HR 9767

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9767

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 9767

Promoting and Advancing Communities of Color Through Inclusive Lending Act
Promoting and Advancing Communities of Color Through Inclusive Lending Act
To make reforms to provide support for minority depository institutions, community development financial institutions, and minority lending institutions to promote and advance communities of color through inclusive lending, and for other purposes.

Comments

Lucian McCormick profile image

Lucian McCormick

707

1 year ago

I don't think this bill is a good idea. It seems like it's just giving special treatment to certain groups. I don't see how this will help anyone in the long run. It's just creating more division. Did you know that this bill also includes provisions for financial literacy programs for communities of color?