# 117-hr-7978: Promoting and Advancing Communities of Color Through Inclusive Lending Act

117-hr-7978, Promoting and Advancing Communities of Color Through Inclusive Lending Act, is a 117th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7978
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7978
- Congress: 117
- Title: Promoting and Advancing Communities of Color Through Inclusive Lending Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-06-08
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Promoting and Advancing Communities of Color Through Inclusive Lending Act This bill expands the support of, and access to, community development financial institutions, minority lending intuitions, and minority depository institutions. These institutions provide financial services to economically distressed or minority communities. The bill provides mandatory funding set-asides for assistance to minority lending institutions and establishes the Office of Minority Lending Institutions to administer these funds. The bill also establishes the Office of Diverse and Mission-Driven Community Financial Institutions to monitor and support institutions seeking certification. Further, the bill provides for technology grants, a pilot program for establishing new institutions, and various studies and reports.

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-3076: Postal Service Reform Act of 2022
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-55: Emmett Till Antilynching Act
- 117-hr-9522: Strengthening Housing Supply Act of 2022
- 117-hres-1504: Supporting the goals of World AIDS Day.

## Sources
- [117-hr-7978 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7978)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-3076: Postal Service Reform Act of 2022](https://policyrisk.com/legislation/117-hr-3076)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-55: Emmett Till Antilynching Act](https://policyrisk.com/legislation/117-hr-55)
- [117-hr-9522: Strengthening Housing Supply Act of 2022](https://policyrisk.com/legislation/117-hr-9522)
- [117-hres-1504: Supporting the goals of World AIDS Day.](https://policyrisk.com/legislation/117-hres-1504)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7978 (as of 2025-11-18).