HB0823 Engrossed LRB100 06976 SMS 17027 b
1		AN ACT concerning regulation.
2		Be it enacted by the People of the State of Illinois,
3		represented in the General Assembly:
4		Section 5. The Division of Banking Act is amended by adding
5		Section 6.2 as follows:
6		(20 ILCS 3205/6.2 new)
7		Sec. 6.2. Community reinvestment. The Division shall
8		review the federal Community Reinvestment Act performance
9		evaluations conducted by the primary federal regulator of any
10		financial institution regulated by the Division to monitor the
11		efforts State chartered banks are making to meet the credit
12		needs of the communities in which they serve, including
13		low-income and moderate-income neighborhoods, consistent with
14		safe and sound banking practices.
15		The Department may electronically publish an annual report
16		to provide the federal Community Reinvestment Act performance
17		evaluations of State chartered banks.