118th Congress Finance and Financial Sector
H.R. 7338: Rural Credit Access Act of 2024
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes an Office of the Community Development Advocate in the Community Development Financial Institutions Fund. The fund supports Community Development Financial Institutions (CDFIs), which provide financial services to low-income and underserved communities.
The office must ensure the safety and affordability of products and services provided by CDFIs to target populations and investment areas. The office must also collect and address complaints from financial institutions, facilitate coordination between the fund and federal banking agencies, and ensure institutions have access to technical assistance.
The bill also requires the establishment of a process for revoking a CDFI’s certification.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Donald Davis D-NCOriginal
- Charles (Chuck) Edwards R-NC
- Kathy Manning D-NC
Who scored on this bill
- 1Zachary (Zach) Nunn SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Zachary (Zach) Nunn
History
- Introduced in the House by Zachary (Zach) Nunn.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.