PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Version 00 · Introduced in House · Jan 7, 1997
Credit Opportunity Amendments Act of 1997 - Amends the Community Reinvestment Act of 1977 to repeal the requirement that the appropriate Federal financial supervisory agency take an institution's record of meeting it's entire community's credit needs into its evaluation of such institution's deposit facility application. Requires each financial institution to prepare a public description of its lending and related programs designed to enhance the availability of community credit, including low- and moderate-income neighborhoods. Amends the Consumer Credit Protection Act and the Fair Housing Act to prohibit: (1) creditor discrimination on the basis of the racial or ethnic characteristics of the applicant's surrounding neighborhood; (2) the Attorney General from initiating a civil enforcement action pursuant to the Consumer Credit Protection Act except upon referral; and (3) the use of statistical data indicating a disparate impact on various classes of applicants of a creditor's credit decisions as evidence of violations of such Act(s) unless accompanied by additional evidence demonstrating actual discrimination and intent to discriminate.
People & committees
Rep. McCollum, Bill [R-FL-8] · R–FL
Legislative record
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on the Constitution.
Referred to House Judiciary
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Banking and Financial Services
Sponsor introductory remarks on measure. (CR E72)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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