WASHINGTON - To deflect a presidential veto, the House Banking Committee voted to tone down legislation to grant nearly 7,000 banks a break under the Community Reinvestment Act.

Rather than an outright exemption, banks with up to $100 million in assets would be allowed to "self-certify" that they are complying with CRA. This would consist of the bank president's signing a statement assuring that the bank is meeting the needs of its community and listing the products and services it offers.

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