Jobs and Neighborhood Investment Act
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Jobs and Neighborhood Investment Act This bill establishes investment programs and generally revises provisions related to community development financial institutions and minority depository institutions. The Department of the Treasury must establish a Neighborhood Capital Investment Program to facilitate direct capital investments in low- and moderate-income community financial institutions. To qualify for the program, these institutions must, among other things, (1) demonstrate specified lending history regarding low-and moderate-income borrowers and other targeted populations, and (2) provide details regarding plans to expand or maintain lending to certain minority communities and historically disadvantaged borrowers. The bill also establishes the Neighborhood Loan Program through the Federal Reserve Board's emergency powers to create a credit facility for small business loans, specifically targeting low- and moderate-income community financial institutions serving low- and moderate-income and minority communities. The bill requires certain amounts available through existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs to be set aside for the Community Development Financial Institutions Fund. Regarding minority depository institutions, the bill establishes the Minority Bank Deposit Program to expand the use of minority depository institutions to hold the deposits of federal departments and agencies, allows new minority depository institutions to take three years to meet initial capital requirements, and establishes a program allowing minority depository institutions to apply to receive deposits from certain Treasury accounts.
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Filing registrants (2)
2020 · fourth_quarter · Economics/Economic Development
HR.7709/S.4255 Jobs and Neighborhood Investment Act; General issues related to community investment and economic recovery.
Client expense: Not reported · Firm income: $30,000
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Banking
H.R. 113 Consolidated Appropriations Act H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 925 Updated Heroes Act H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1595 SAFE Banking Act H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. H.R. 6395 National Defense Authorization Act for Fiscal Year 2021 H.R. 6776 JOBS Credit Act of 2020 H.R. 6800 HEROES Act H.R. 6821 Small Business Expense Protection Act of 2020 H.R. 7010 Payment Protection Program Flexibility Act of 2020 H.R. 7413 Calculate PPP Forgiveness Act H.R. 7668 FY2021 FSGG Appropriations (Banking amendment provisions) H.R. 7709 Jobs and Neighborhood Enhancement Act H.R. 7777 The Paycheck Protection Small Business Forgiveness Act H.R. 7894 The Paycheck Protection Program Small Business Enhancement Act H.R. 7993 Promoting and Advancing Communities of Color Through Inclusive Lending Act H.R. 8215 Improving Digital Identity Act of 2020 H.R. 8337 Continuing Appropriations Act 2021 (Banking amendment provisions) H.R. 8410 Promoting and Advancing Capital in Underbanked Communities Act H.R. 8631 EIDL Forgiveness Act H.R. 8675 Preventing Regulatory Penalties for PPP Lenders Act H.J. Res 90 Providing for Congressional disapproval of the OCC rule relating to Community Reinvestment Act Regulation S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 2563 Illicit Cash Act S. 2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act S. 3612 Small Business Expense Protection Act of 2020 S. 3774 Community Capital Investment Act S. 3841 To protect 2020 recovery rebates for individuals from assignment or garnishment S. 3962 Asset Growth Restriction Act of 2020 S. 4014 Prioritized Paycheck Protection Program Act S. 4049 National Defense Authorization Act for Fiscal Year 2021. Section 2885 creates parity between credit unions and banks located on bases. S. 4116 Reauthorize lending under the Payment Protection Program S. 4117 The Paycheck Protection Program Small Business Forgiveness Act S. 4159 E-SIGN Modernization Act S. 4171 Calculate PPP Forgiveness Act of 2020 S. 4255 Jobs and Neighborhood Enhancement Act S. 4614 Postal Banking Act S. 4914 Prioritized Paycheck Protection Program Act S. 4626 SAFE Data Act S. 4644 - A bill to amend the Federal Deposit Insurance Act to ensure that certain custodial deposits of well capitalized insured depository institutions are not considered to be funds obtained by or through deposit brokers S. 4818 HEROES Small Business Lifeline Act S. 4875 Good Faith PPP Borrowers and Lenders Act S. 4885 EIDL Protection Act S. 4927 EIDL Forgiveness Act Bank Capital and Accounting Relief Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Brokered Deposits Call Report Streamlining Cannabis Banking CARES Act, Economic Impact Payments CARES Act, Paycheck Protection Program Implementation Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Data Access Customer Due Diligence Rule Cybersecurity Data Security, Breaches and Privacy De novo bank formation Equal treatment between community banks and credit unions when assessing rent and related charges on military bases Exclusion of Paycheck Protection Program Loans from Calculation of Bank Asset Thresholds Faster Payments/Federal Reserve Real Time Gross Settlement System Figure Bank, N.A. Charter Application Fintech Regulatory Requirements Flood Insurance Reauthorization Industrial Loan Corporation Loophole Reforms/Rakuten Deposit Insurance Applications Innovation Initiatives (FinTech/Banking Relationships) Interest Rate Caps Loan Modifications: Regulatory Treatment Main Street Lending Program Minority Depository Institutions Issues Money Transmission Mortgage servicer liquidity facility OCC Proposed Payments Charter Postal Banking Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks SBA 7(a) Loan Program Funding and Terms Troubled Debt Restructuring
Client expense: $960,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2020 · third_quarter · Banking
H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 925 Updated Heroes Act H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1595 SAFE Banking Act H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 2514 Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act: Makes amendments to Bank Secrecy Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. H.R. 6395 National Defense Authorization Act for Fiscal Year 2021 H.R. 6776 JOBS Credit Act of 2020 H.R. 6800 HEROES Act H.R. 6821 Small Business Expense Protection Act of 2020 H.R. 7010 Payment Protection Program Flexibility Act of 2020 H.R. 7413 Calculate PPP Forgiveness Act H.R. 7668 FY2021 FSGG Appropriations (Banking amendment provisions) H.R. 7709 Jobs and Neighborhood Enhancement Act H.R. 7777 The Paycheck Protection Small Business Forgiveness Act H.R. 7894 The Paycheck Protection Program Small Business Enhancement Act H.R. 7993 Promoting and Advancing Communities of Color Through Inclusive Lending Act H.R. 8215 Improving Digital Identity Act of 2020 H.R. 8337 Continuing Appropriations Act 2021 (Banking amendment provisions) H.R. 8410 Promoting and Advancing Capital in Underbanked Communities Act H.R. 8631 EIDL Forgiveness Act H.J. Res 90 Providing for Congressional disapproval of the OCC rule relating to Community Reinvestment Act Regulation S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 2563 Illicit Cash Act S. 2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act S. 3612 Small Business Expense Protection Act of 2020 S. 3774 Community Capital Investment Act S. 3841 To protect 2020 recovery rebates for individuals from assignment or garnishment S. 3962 Asset Growth Restriction Act of 2020 S. 4014 Prioritized Paycheck Protection Program Act S. 4049 National Defense Authorization Act for Fiscal Year 2021. Section 2885 creates parity between credit unions and banks located on bases. S. 4116 Reauthorize lending under the Payment Protection Program S. 4117 The Paycheck Protection Program Small Business Forgiveness Act S. 4159 E-SIGN Modernization Act S. 4171 Calculate PPP Forgiveness Act of 2020 S. 4255 Jobs and Neighborhood Enhancement Act S. 4614 Postal Banking Act S. 4914 Prioritized Paycheck Protection Program Act S. 4626 SAFE Data Act S. 4644 - A bill to amend the Federal Deposit Insurance Act to ensure that certain custodial deposits of well capitalized insured depository institutions are not considered to be funds obtained by or through deposit brokers Bank Capital and Accounting Relief Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Brokered Deposits Call Report Streamlining Cannabis Banking CARES Act, Economic Impact Payments CARES Act, Paycheck Protection Program Implementation Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Emergency Mergers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Due Diligence Rule Cybersecurity Data Security, Breaches and Privacy De novo bank formation Equal treatment between community banks and credit unions when assessing rent and related charges on military bases Exclusion of Paycheck Protection Program Loans from Calculation of Bank Asset Thresholds Extension of the Covered Business Method Faster Payments/Federal Reserve Real Time Gross Settlement System Fintech Regulatory Requirements Flood Insurance Reauthorization GAO Study of Credit Unions Industrial Loan Corporation Loophole Reforms/ Square (ILC) and Rakuten Deposit Insurance Applications Innovation Initiatives (FinTech/Banking Relationships) Loan Modifications: Regulatory Treatment Main Street Lending Program Minority Depository Institutions Issues Mortgage servicer liquidity facility NCUA amendment to definition of low-income credit union OCC Proposed Payments Charter Postal Banking Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks SBA 7(a) Loan Program Funding and Terms Troubled Debt Restructuring
Client expense: $840,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
| Democratic |
| MD |
| David Scott | Democratic | GA |
| Emanuel Cleaver | Democratic | MO |
| Joyce Beatty | Democratic | OH |
| Rashida Tlaib | Democratic | MI |
| Wm. Lacy Clay | Democratic | MO |