H.R. 3952 · 108th Congress
Promoting Community Investment Act of 2004
- Stage
- In committee
- Sponsor
- Jeb Hensarling
- Introduced
- 2004-03-11
- Latest action
- 2004-03-29 · Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Summary
Promoting Community Investment Act of 2004 - Amends the Community Reinvestment Act of 1977 to increase from $250 million to $1 billion the aggregate asset size of small regulated financial institutions eligible for certain regulatory relief.
Sets a deadline for the Federal financial supervisory agencies to prescribe jointly the amount by which such aggregate asset size limit shall be adjusted annually for inflation.