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LC 2516

Revise laws related to community reinvestment organizations

2025 Regular Session

Montana bill revising community reinvestment organization laws died in legislative process without passage in 2025.

(LC) Draft Died in Process
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Bill Summary · LC 2516

Legislative bill overview

Bill LC 2516 would revise Montana's existing laws governing community reinvestment organizations (CROs), entities that typically provide financing, technical assistance, or economic development support to underserved communities. The bill died in the legislative process on May 20, 2025, before reaching a committee hearing or floor vote. Without access to the specific text, the exact nature of revisions—whether expanding CRO authority, changing regulatory oversight, or modifying funding mechanisms—remains unclear.

Why is this important

Community reinvestment organizations play a direct role in economic development for rural and low-income areas, affecting small business access to capital, job creation, and wealth-building opportunities. Revisions to their governing laws could either enhance their effectiveness in serving underserved populations or impose new restrictions that limit their operational flexibility and resources.

Potential points of contention

  • Regulatory burden vs. accountability: Changes could either increase compliance requirements on CROs (raising costs) or reduce oversight mechanisms (raising transparency concerns)
  • Funding and financial authority: Proposed revisions might affect CROs' lending capacity, investment authority, or access to state/federal funding programs
  • Definition and scope of "community reinvestment": Disputes may arise over which geographic areas or populations CROs must serve and what services qualify as reinvestment activities

Compiled from official sources — confirm details with the bill’s official record.

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