On the 20th anniversary of the Community Reinvestment Act (CRA), we should all be proud of what that law has meant for low- and moderate-income Americans of all races. Although we still have a long way to go in bringing all Americans into the economic mainstream, under CRA the private sector has pumped billions of dollars of credit to build housing, create jobs, and restore hope in communities left behind.
NOTE: This statement was made available by the Office of the Press Secretary on October 11 but was embargoed for release until 12:01 a.m. on October 12.
William J. Clinton, Statement on the 20th Anniversary of the Community Reinvestment Act Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/223534