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Code · BILL · 116th Congress · S. 656 (Introduced in Senate) — To amend the Truth in Lending Act to address certain issues relating to the extension of consumer credit, and for oth... · Sec. 5

Sec. 5. Studies

218 words·~1 min read·/bill/116/s/656/is/section-5

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In this section— the term appropriate committees of Congress means— the Committee on Banking, Housing, and Urban Affairs of the Senate; the Committee on Indian Affairs of the Senate; the Committee on Financial Services of the House of Representatives; and the Committee on Natural Resources of the House of Representatives; and the term Indian tribe has the meaning given the term in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 ). Not later than 180 days after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study regarding— the availability of capital on reservations of Indian tribes; and the impact that small-dollar consumer credit extended through internet and non-internet means to members of Indian tribes has had on economic opportunity and wealth for members of Indian tribes.
In conducting the study required under subsection (b), the Comptroller General of the United States shall consult, as appropriate, with— the Bureau of Consumer Financial Protection; the Board of Governors of the Federal Reserve System; the Director of the Bureau of Indian Affairs; federally recognized Indian tribes; and community development financial institutions operating in Indian lands. The Comptroller General of the United States shall submit to the appropriate committees of Congress the study required under subsection (b).
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Sec. 5
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