Following are excerpts from Mr. Bush's remarks last week in Chicago at the annual conference of the National Association for the Advancement of Colored People. The nonprofit Woodstock Institute promotes reinvestment and economic activity in poor and moderate-income communities.

In 1977, Congress passed a seemingly simple piece of legislation, the Community Reinvestment Act, which stated: Regulated financial institutions have an affirmative obligation to help meet the credit needs of all of the community inside their service area, including low- and moderate-income neighborhoods.

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