H.R. 2543Financial Services Racial Equity, Inclusion, and Economic Justice Act

6 recorded actions234 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Maxine Waters [D-CA-43]
Cosponsors: 5 · 5 Democrats
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jun 21, 2022 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 14, 2021
Passed the HouseJun 15, 2022
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

This bill address access to financial services, diversity in various financial institutions and establishments, and other related issues.

Access to credit, mortgages, and banking services are expanded, including by

prohibiting discrimination with respect to credit transactions on the basis of an applicant's sexual orientation, gender identity, or location based on zip code or census tract;
establishing language translation requirements for residential mortgage applications; and
providing funding set-asides for minority lending institutions.

The bill expands the support of, and access to, minority depository institutions and community development financial institutions and establishes an impact bank designation for small institutions that predominately lend to low-income borrowers.

Further, the Federal Reserve Board must carry out its duties in a manner that supports the elimination of racial and ethnic disparities in employment, income, wealth, and access to affordable credit.

Additionally, the bill requires financial institutions to report information relating to diversity policies and lending practices.

Retail businesses must accept cash as a form of payment for sales in amounts less than $2,000 and are prohibited from charging cash-paying customers a higher price.

Finally, the bill commissions various reports and studies, including a report from the Government Accountability Office on public housing for the homeless.

Written by the nonpartisan Congressional Research Service, describing H.R. 2543 as passed House on Jun 15, 2022. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 25436 roll calls on this measure

Choose a roll call

Jun 15, 2022Each bar: ✓ Yea from the bottom, ✕ Nay aboveJun 15, 2022

How every member votedHouse roll call 275

House Jun 15, 2022 · the primary vote

On Passage

Federal Reserve Racial and Economic Equity Act

Passed

215 Yea 207 Nay 6 not voting

Party-line vote 3 of 422 voting members broke with their own party: 3 Democrats.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members428 members

Democratic219 members

Republican209 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors5 · 5 Democrats

Signing on is not a vote: a member can cosponsor H.R. 2543 and vote against it. 2 signed when it was filed.

DJesús G. "Chuy" García [D-IL-04]Original

DJoyce Beatty [D-OH-03]Original2026 profile

DCAROLYN MALONEY [D-NY-12]Joined Apr 20, 2021

DBrad Sherman [D-CA-30]Joined Apr 20, 20212026 profile

DNikema Williams [D-GA-05]Joined Jan 12, 20222026 profile

Who lobbied on H.R. 254321 organizations

Organizations that named H.R. 2543 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

CHAMBER OF COMMERCE OF THE U.S.A.

Aerospace · Automotive Industry · Small Business · Taxation/Internal Revenue Code +39 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

INDEPENDENT COMMUNITY BANKERS OF AMERICAIts PAC: Independent Community Bankers of America PAC

Banking · Agriculture · Budget/Appropriations · Housing +2 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

TRANS UNION LLC

Banking · Computer Industry · Financial Institutions/Investments/Securities · Civil Rights/Civil Liberties +5 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

AMERICAN BANKERS ASSOCIATIONIts PAC: American Bankers Association PAC

Budget/Appropriations · Consumer Issues/Safety/Products · Copyright/Patent/Trademark · Financial Institutions/Investments/Securities +12 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

AMERICAN COUNCIL OF LIFE INSURERSIts PAC: American Council of Life Insurers PAC

Consumer Issues/Safety/Products · Financial Institutions/Investments/Securities · Insurance · Retirement +2 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

CALIFORNIA AND NEVADA CREDIT UNION LEAGUES

Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Banking · Bankruptcy +5 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

COMMUNITY REINVESTMENT FUND USAfiled by THE FEIGHAN TEAM

Economics/Economic Development3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

INFIN A FINANCIAL SERVICES ALLIANCEfiled by CROSSROADS STRATEGIES, LLCIts PAC: Infin, a Financial Services Alliance, Inc. PAC

Financial Institutions/Investments/Securities3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

ONEMAIN FINANCIAL GROUP, LLCfiled by THORN RUN PARTNERS

Financial Institutions/Investments/Securities3 filings · 4th Quarter (Oct 1 - Dec 31) 2022Filing

TRANSAMERICA COMPANIES

Consumer Issues/Safety/Products · Insurance · Retirement · Financial Institutions/Investments/Securities +1 more3 filings · 3rd Quarter (July 1 - Sep 30) 2021Filing

53 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.