Rep. La Shawn K. Ford

Filed: 3/3/2017

 

 


 

 


 
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1
AMENDMENT TO HOUSE BILL 823

2    AMENDMENT NO. ______. Amend House Bill 823 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Division of Banking Act is amended by
5adding Section 6.2 as follows:
 
6    (20 ILCS 3205/6.2 new)
7    Sec. 6.2. Community reinvestment. The Division shall
8review the federal Community Reinvestment Act performance
9evaluations conducted by the primary federal regulator of any
10financial institution regulated by the Division to monitor the
11efforts State chartered banks are making to meet the credit
12needs of the communities in which they serve, including
13low-income and moderate-income neighborhoods, consistent with
14safe and sound banking practices.
15    The Department may electronically publish an annual report
16to provide the federal Community Reinvestment Act performance

 

 

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1evaluations of State chartered banks.".