HB0823ham001 100TH GENERAL ASSEMBLY

Rep. La Shawn K. Ford

Filed: 3/3/2017

10000HB0823ham001 LRB100 06976 SMS 22511 a

AMENDMENT TO HOUSE BILL 823

AMENDMENT NO. ______. Amend House Bill 823 by replacing everything after the enacting clause with the following:

"Section 5. The Division of Banking Act is amended by adding Section 6.2 as follows:

(20 ILCS 3205/6.2 new)

Sec. 6.2. Community reinvestment. The Division shall review the federal Community Reinvestment Act performance evaluations conducted by the primary federal regulator of any financial institution regulated by the Division to monitor the efforts State chartered banks are making to meet the credit needs of the communities in which they serve, including low-income and moderate-income neighborhoods, consistent with safe and sound banking practices.

The Department may electronically publish an annual report to provide the federal Community Reinvestment Act performance evaluations of State chartered banks.".