Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 4590) 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, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 4590 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Promoting New and Diverse Depository Institutions Act''. SEC. 2. STUDY AND STRATEGIC PLAN. (a) In General.--The Federal banking regulators shall jointly-- (1) conduct a study about the challenges faced by proposed depository institutions, including proposed minority depository institutions, seeking de novo depository institution charters; and (2) submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate and publish publically, not later than 18 months after the date of the enactment of this section-- (A) an analysis based on the study conducted pursuant to paragraph (1); (B) any findings from the study conducted pursuant to paragraph (1); and (C) any legislative recommendations that the Federal banking regulators developed based on the study conducted pursuant to paragraph (1).…”