118th Congress · SENATE BILLBILL

S. 2252 — Promoting New and Diverse Depository Institutions Act

“A bill to require the Federal banking regulators to jointly conduct a study and develop a strategic plan to address challenges faced by proposed depository institutions seeking de novo depository institution charters, and for other purposes.”

Finance and financial sector

Introduced Jul 12, 2023

Last action Jul 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 12, 2023

Step 2

Referred

Jul 12, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires federal banking agencies to study and report on the challenges faced by entities attempting to become chartered depository institutions and to develop a strategic plan to assist in the application process. The strategic plan must (1) promote the chartering of minority depository institutions and entities that could be certified as community development financial institutions, and (2) describe actions to increase the number of depository institutions located in underserved areas.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Jul 12, 2023

Introduced in Senate

Jul 12, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.