Model Legislation
Illinois SB3235
Financial Institutions Disparity Study (Amendment to the Illinois Community Reinvestment Act)
Business and Economic Development (BED) Committee
This bill requires a comprehensive study to examine disparities in how financial institutions serve different communities, particularly communities of color. It investigates lending practices, branch locations, service quality, and access to financial products across demographic groups. The study aims to identify discriminatory practices and recommend policy solutions to promote financial equity and inclusion.
NBCSL Member Sponsors
- Rep. Sonya Marie Harper (IL)