COMMERCE: Provides for the Louisiana Community Investment Fairness Act (OR INCREASE SG EX See Note)

HB 814, the Louisiana Community Investment Fairness Act (LA-CIFA), requires large state-chartered banks and credit unions (with $100M+ assets) to undergo regular examinations assessing their lending and investments in low-income and minority neighborhoods. The law mandates that institutions demonstrate fair community investment performance compared to their own historical data and peer institutions, with ratings like "Needs to Improve" or "Substantial Noncompliance" assigned based on findings. These ratings must be publicly disclosed by both the state regulator and the institutions themselves, and poor ratings can trigger corrective action plans or influence decisions on branch expansions, mergers, or charter changes. The bill directly affects over 100 state-chartered financial institutions operating in Louisiana, aiming to address disparities in credit access historically linked to practices like redlining.