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Rep. La Shawn K. Ford
Filed: 3/3/2017
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| 1 | | AMENDMENT TO HOUSE BILL 823
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| 2 | | AMENDMENT NO. ______. Amend House Bill 823 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Division of Banking Act is amended by |
| 5 | | adding Section 6.2 as follows:
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| 6 | | (20 ILCS 3205/6.2 new) |
| 7 | | Sec. 6.2. Community reinvestment. The Division shall |
| 8 | | review the federal Community Reinvestment Act performance |
| 9 | | evaluations conducted by the primary federal regulator of any |
| 10 | | financial institution regulated by the Division to monitor the |
| 11 | | efforts State chartered banks are making to meet the credit |
| 12 | | needs of the communities in which they serve, including |
| 13 | | low-income and moderate-income neighborhoods, consistent with |
| 14 | | safe and sound banking practices. |
| 15 | | The Department may electronically publish an annual report |
| 16 | | to provide the federal Community Reinvestment Act performance |