Promoting Community Investment Act of 2004

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 11, 2004

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.

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People & committees

Who introduced it

Rep. Hensarling, Jeb [R-TX-5] · R–TX

Committees

Financial Services Committee

14 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Mar 29, 2004
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 11, 2004
Referred to the House Committee on Financial Services.
Mar 11, 2004
Introduced in House
Mar 11, 2004
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Mar 11, 2004 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.3952 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3952, 108th Congress: Promoting Community Investment Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/house-bill/3952

Text version to examine: Introduced in House · 2004-03-11.

Official full text: https://www.congress.gov/108/bills/hr3952/BILLS-108hr3952ih.htm

Imported record last updated by the source: 2025-08-18T19:00:57Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3952 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3952 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.3952, 108th Congress: Promoting Community Investment Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/house-bill/3952

Text version to examine: Introduced in House · 2004-03-11.

Official full text: https://www.congress.gov/108/bills/hr3952/BILLS-108hr3952ih.htm

Imported record last updated by the source: 2025-08-18T19:00:57Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3952 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3952 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.3952, 108th Congress: Promoting Community Investment Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/house-bill/3952

Text version to examine: Introduced in House · 2004-03-11.

Official full text: https://www.congress.gov/108/bills/hr3952/BILLS-108hr3952ih.htm

Imported record last updated by the source: 2025-08-18T19:00:57Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3952 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3952 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3952, 108th Congress: Promoting Community Investment Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/house-bill/3952

Text version to examine: Introduced in House · 2004-03-11.

Official full text: https://www.congress.gov/108/bills/hr3952/BILLS-108hr3952ih.htm

Imported record last updated by the source: 2025-08-18T19:00:57Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3952 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.