By Dutton                                       H.B. No. 3262

      75R9383 CLG-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to requiring all state banks to comply with the federal

 1-3     Community Reinvestment Act.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  A state bank is required to comply with the

 1-6     Community Reinvestment Act of 1977 (12 U.S.C. Section 2901 et seq.)

 1-7     to the same extent as a financial institution regulated under that

 1-8     Act.

 1-9           SECTION 2.  The importance of this legislation and the

1-10     crowded condition of the calendars in both houses create an

1-11     emergency and an imperative public necessity that the

1-12     constitutional rule requiring bills to be read on three several

1-13     days in each house be suspended, and this rule is hereby suspended,

1-14     and that this Act take effect and be in force from and after its

1-15     passage, and it is so enacted.