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H.R. 2570

BillFederalHouseIn Committee
Credit Availability for Women-Owned Businesses Act of 2005
About This Bill
Committee
Latest Action · June 3, 2005
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congress
109th (2005–2007)
Introduced
May 24, 2005
Cosponsors (0)
None
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Summary

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Credit Availability for Women-Owned Businesses Act of 2005 - Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to require the appropriate Federal banking agency to prescribe regulations requiring insured depository institutions to submit information annually on: (1) women-owned businesses in their reports of condition; and (2) such information as the agency may need to assess the availability of credit to women-owned businesses. Defines women-owned business as any business: (1) more than 50 percent of the outstanding shares of which are held by one or more women; and (2) a majority of the directors on the board of directors of which are women.

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