Bipartisan bill aims to provide equitable access to credit for rural and underserved communities Michael Goldberg February 2, 2021
A bipartisan group of legislators led by Rep. Jacquelin Maycumber (R – Republic) have introduced a bill in the House Finance Committee that would create a program within the Department of Commerce to spur economic development in disadvantaged communities that have historically lacked access to capital.
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The Equitable Access to Credit Program would award grants to qualified lending institutions (QLIs) to provide access to credit for these underserved, largely rural communities.