To amend the Community Reinvestment Act of 1977 to increase the aggregate asset size limitation of the small bank regulatory relief provision, to provide for future adjustments of such amount for inflation, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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