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     &lt;p&gt;&lt;b&gt;Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks or the RESCUE Act for Black and Community Banks&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill establishes programs and requirements related to minority banks, Black banks, community banks, women's banks, and low-income credit unions.&lt;/p&gt; &lt;p&gt;The bill establishes the Office of Black and Community Banks in the Office of the Comptroller of the Currency (OCC) to oversee Black and community banks. The OCC and the Securities and Exchange Commission must exempt these banks from specified securities and federal banking regulations in certain circumstances.&lt;/p&gt; &lt;p&gt;The bill also establishes the Minority Bank Deposit Program. The Department of the Treasury must certify a depository institution or credit union upon successful application as a minority bank, a women's bank, or a low-income credit union. Every federal department and agency is directed to implement standards and procedures to ensure the use of such institutions to serve the financial needs of the department or agency. &lt;/p&gt; &lt;p&gt;The Government Accountability Office must study the use of the new markets tax credit, lower-value home mortgages, and blockchain investments.&lt;/p&gt;
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H11100
2021-01-04
Ways and Means Committee
hswm00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-01-04
Financial Services Committee
hsba00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
Intro-H
2021-01-04
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Library of Congress
Introduced in House
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2021-01-04
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2021-01-04T15:16:05Z
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Referred to
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Financial Services Committee
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C001072
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Rep. Carson, Andre [D-IN-7]
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2021-01-04
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Rep. Clarke, Yvette D. [D-NY-9]
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2021-01-04
NY
C000754
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JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-01-04
TN
K000389
17
Ro
Rep. Khanna, Ro [D-CA-17]
Khanna
D
2021-01-04
CA
W000800
0
Peter
Rep. Welch, Peter [D-VT-At Large]
Welch
D
2021-01-04
VT
L000551
13
BARBARA
Rep. Lee, Barbara [D-CA-13]
LEE
D
2021-01-25
CA
O000173
5
Ilhan
Rep. Omar, Ilhan [D-MN-5]
Omar
D
2021-03-09
MN
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-01-04
2021-01-04
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House
Finance and Financial Sector
R000515
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Rep. Rush, Bobby L. [D-IL-1]
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RUSH
L.
D
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Administrative law and regulatory procedures Administrative remedies Advanced technology and technological innovations Banking and financial institutions regulation Computers and information technology Department of the Treasury Government Accountability Office (GAO) Government information and archives Government studies and investigations Housing finance and home ownership Income tax credits Minority and disadvantaged businesses Racial and ethnic relations Securities and Exchange Commission (SEC) Women in business
2021-01-04
Introduced in House
 <p><b>Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks or the RESCUE Act for Black and Community Banks</b></p> <p>This bill establishes programs and requirements related to minority banks, Black banks, community banks, women's banks, and low-income credit unions.</p> <p>The bill establishes the Office of Black and Community Banks in the Office of the Comptroller of the Currency (OCC) to oversee Black and community banks. The OCC and the Securities and Exchange Commission must exempt these banks from specified securities and federal banking regulations in certain circumstances.</p> <p>The bill also establishes the Minority Bank Deposit Program. The Department of the Treasury must certify a depository institution or credit union upon successful application as a minority bank, a women's bank, or a low-income credit union. Every federal department and agency is directed to implement standards and procedures to ensure the use of such institutions to serve the financial needs of the department or agency. </p> <p>The Government Accountability Office must study the use of the new markets tax credit, lower-value home mortgages, and blockchain investments.</p>
2021-02-05T18:56:42Z
00
2021-01-04T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr154ih/xml/BILLS-117hr154ih.xml
RESCUE Act for Black and Community Banks
RESCUE Act for Black and Community Banks
Display Title
IH
Introduced in House
To provide regulatory relief for Black and community banks, to codify the Minority Bank Deposit Program, and for other purposes.
Official Title as Introduced
IH
Introduced in House
RESCUE Act for Black and Community Banks
Short Title(s) as Introduced
IH
Introduced in House
Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks
Short Title(s) as Introduced
HR
2023-01-11T13:43:41Z
2023-01-11T13:43:41Z
3.0.0
H11100
2021-01-04
Ways and Means Committee
hswm00
2
House floor actions
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-01-04
Financial Services Committee
hsba00
2
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Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
Intro-H
2021-01-04
9
Library of Congress
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IntroReferral
1000
2021-01-04
9
Library of Congress
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R000515
1
BOBBY
Rep. Rush, Bobby L. [D-IL-1]
N
RUSH
L.
D
IL
C001072
7
Andre
Rep. Carson, Andre [D-IN-7]
Carson
D
2021-01-04
IN
C001067
9
Yvette
Rep. Clarke, Yvette D. [D-NY-9]
Clarke
D.
D
2021-01-04
NY
C000754
5
JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-01-04
TN
K000389
17
Ro
Rep. Khanna, Ro [D-CA-17]
Khanna
D
2021-01-04
CA
W000800
0
Peter
Rep. Welch, Peter [D-VT-At Large]
Welch
D
2021-01-04
VT
L000551
13
BARBARA
Rep. Lee, Barbara [D-CA-13]
LEE
D
2021-01-25
CA
O000173
5
Ilhan
Rep. Omar, Ilhan [D-MN-5]
Omar
D
2021-03-09
MN
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2021-01-04
Introduced in House
 <p><b>Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks or the RESCUE Act for Black and Community Banks</b></p> <p>This bill establishes programs and requirements related to minority banks, Black banks, community banks, women's banks, and low-income credit unions.</p> <p>The bill establishes the Office of Black and Community Banks in the Office of the Comptroller of the Currency (OCC) to oversee Black and community banks. The OCC and the Securities and Exchange Commission must exempt these banks from specified securities and federal banking regulations in certain circumstances.</p> <p>The bill also establishes the Minority Bank Deposit Program. The Department of the Treasury must certify a depository institution or credit union upon successful application as a minority bank, a women's bank, or a low-income credit union. Every federal department and agency is directed to implement standards and procedures to ensure the use of such institutions to serve the financial needs of the department or agency. </p> <p>The Government Accountability Office must study the use of the new markets tax credit, lower-value home mortgages, and blockchain investments.</p>
2021-02-05T18:56:42Z
00
RESCUE Act for Black and Community Banks
RESCUE Act for Black and Community Banks
Display Title
IH
Introduced in House
To provide regulatory relief for Black and community banks, to codify the Minority Bank Deposit Program, and for other purposes.
Official Title as Introduced
IH
Introduced in House
RESCUE Act for Black and Community Banks
Short Title(s) as Introduced
IH
Introduced in House
Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks
Short Title(s) as Introduced
2021-01-04
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.