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12 CFR 1806.100

§ 1806.100 Purpose.

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 1806.100, § 1806.100 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51293
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Full text

The purpose of the Bank Enterprise Award (BEA) Program is to provide grants to Insured Depository Institutions that provide financial and technical assistance to Community Development Financial Institutions and increase their activities in Distressed Communities.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.