CLIMB Act
Bill Summary
Establishes a new framework for community lending and banking, although specific details are not provided. Requires financial institutions to comply with new regulations related to community investment.
Sponsored By
Bill Journey
- Mar 18, 2026
- Mar 18, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
The bill affects community banks and financial institutions, which would need to comply with new regulations and potentially change their lending practices. It may also impact low-income communities and small businesses that rely on community banks for financial services.
Impact Areas
Support & Opposition
- Democratic3
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (5)
2 more not shown here — see the full list on congress.gov.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.