117th Congress (2021–2023) · House bill · Sponsor: Rep. Waters, Maxine [D-CA-43]
This page covers HR2543 in the 117th Congress. Bill numbers start over every Congress, so HR2543 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 2 |
| Chamber | House |
| Latest vote | 2022-06-15: Passed |
| Latest action | 2022-06-21: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Policy area | Finance and Financial Sector |
| Official record | Congress.gov |
Financial Services Racial Equity, Inclusion, and Economic Justice Act This bill address access to financial services, diversity in various financial institutions and establishments, and other related issues. Access to credit, mortgages, and banking services are expanded, including by prohibiting discrimination with respect to credit transactions on the basis of an applicant's sexual orientation, gender identity, or location based on zip code or census tract; establishing language translation requirements for residential mortgage applications; and providing funding set-asides for minority lending institutions. The bill expands the support of, and access to, minority depository institutions and community development financial institutions and establishes an impact bank designation for small institutions that predominately lend to low-income borrowers. Further, the Federal Reserve Board must carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit. Additionally, the bill requires financial institutions to report information relating to diversity policies and lending practices. Retail businesses must accept cash as a form of payment for sales in amounts less than $2,000 and are prohibited from charging cash-paying customers a higher price. Finally, the bill commissions various reports and studies, including a report from the Government Accountability Office on public housing for the homeless.
Subjects: Banking and financial institutions regulation, Community life and organization, Congressional oversight, Consumer credit, Credit and credit markets, Economic performance and conditions, Federal Reserve System, Labor market, Minority employment, Monetary policy
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2022-06-15 | House | Yea-and-Nay | Passed | 146 | 146 | 3 | Official tally |
| 2022-06-15 | House | Yea-and-Nay | Failed | 144 | 148 | 3 | Official tally |
HR2543 (Financial Services Racial Equity, Inclusion, and Economic Justice Act) was introduced in the 117th Congress (2021–2023) by Rep. Waters, Maxine [D-CA-43].
On 2022-06-21: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2 recorded votes in the 117th Congress. The most recent, on 2022-06-15, was "Yea-and-Nay": Passed.