COMMUNITY REINVESTMENT ACT CREDIT FOR LOW-COST LOANS.

SEC. 1031. COMMUNITY REINVESTMENT ACT CREDIT FOR LOW-COST LOANS.(a) In General.—Section 804 of the Community Reinvestment Act of 1977 (12 U.S.C. 2903) is amended by adding at the end the following new subsection:“(d) Low-Cost Education Loans.—In assessing and taking into account, under subsection (a), the record of a financial institution, the appropriate Federal financial supervisory agency shall consider, as a factor, low-cost education loans provided by the financial institution to low-income borrowers.”.(b) Regulations Required.—Not later than 1 year after the date of enactment of this Act, each appropriate Federal financial supervisory agency shall issue rules in final form to implement 122 STAT. 3489 section 804(d) of the Community Reinvestment Act of 1977, as added by this section.