Eight Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs issued a joint statement opposing the Trump administration’s proposed Community Reinvestment Act rule. They argued that the proposal would weaken a tool for expanding housing, supporting community investment and combating redlining, and called on Republicans to join their opposition.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-07-31
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs oppose proposed Community Reinvestment Act rule
Eight Democratic members of the U.S. Senate Banking Committee opposed the Trump administration’s proposed Community Reinvestment Act rule. They argued that it would undermine housing development, community investment and efforts to combat redlining.