Promoting Community Investment Act of 2004
Last action on Mar 29, 2004Referred to the Subcommittee on Financial Institutions an...
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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.
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