,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cgda  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #ab1        
#bjag,mr4 ,meeks 7= himself1 ,mr4       
,evans1 ,mrs4 ,beatty1 ,ms4 ,max9e      
,wat]s ( ,cali=nia1 ,mr4 ,clay1 ,mr4 ,al
 ,gre5 ( ,texas1 ,ms4 ,sewell (         
,alabama1 ,ms4 ,jackson ,lee1 ,mr4      
,lawson ( ,florida1 & ,mr4 ,payne7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to codify ! ,m9ority ,bank     
,deposit ,program1 & = o!r purposes4    
#a4 ,f9d+s ,congress f9ds ! foll[+3 7#a7
 ,on ,m>* #e1 #aifi1 pursuant to        
,executive ,ord] #aadeh1 ! ,m9ority     
,bank ,deposit ,program 0 e/abli%$ z a  
national program support+ m9ority-own$  
bus9ess ent]prise4 ,x 0 exp&$ 9 #aiga "u
 ,executive ,ord] #aafbe & 9 #aigi "u   
,executive ,ord] #abach4 ,! ,competitive
 ,equality ,bank+ ,act ( #aihg 7,public 
,law #ajj-hf7 & ! ,f9ancial ,in/itutions
 ,re=m1 ,recov]y & ,en=cem5t ,act (     
#aihi 7,public ,law #aja-gc7 include    

provisions support+ ! int5t ( ! ,m9ority
 ,bank ,deposit ,program4  7#b7 ,"u !   
lead]%ip ( ,presid5t ,jimmy ,c>t]1 on   
,april #h1 #aigg1 a memor&um = all heads
 ( ,f$]al ag5cies & dep>tm5ts 0 sign$4  
,?is docum5t promot$ ! use (            
m9ority-own$ bus9ess ent]prises by plac+
 deposits 9 m9ority banks4 ,! ag5cy     
assign$ to head ?is program 0 !         
,dep>tm5t ( ! ,treasury4  7#c7 ,!       
,fiscal ,assi/ant ,secret>y ( !         
,dep>tm5t ( ! ,treasury is responsible =
 c]tify+ f9ancial in/itutions t are     
eligible = p>ticipation 9 ! ,m9ority    
,bank ,deposit ,program4  7#d7 ,al?\gh !
 program cont9ues today1 ! ov]:elm+     
majority ( f9ancial in/itutions c]tifi$ 
"u ! ,m9ority ,bank ,deposit ,program d 
n h exi/+ relation%ips ) ! ,f$]al       
ag5cies :i* sugge/s ! ne$ = re=ms to    
increase utilization ( eligible         
in/itutions4  #b4 ,m9ority ,bank        
,deposit ,program  7a7 ,9 g5]al ,section
 #abjd ( ! ,f9ancial ,in/itutions ,re=m1
 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab

 ,u4,s4,c4 #ahaa note7 is am5d$ to read 
z foll[s3  #abjd4 ,expansion ( use (    
m9ority banks1 wom5's banks1 & l[-income
 cr$it unions  7a7 ,m9ority ,bank       
,deposit ,program  7#a7 ,e/abli%m5t ,!re
 is e/abli%$ a program to be kn[n z !   
,m9ority ,bank ,deposit ,program to exp&
 ! use ( m9ority banks1 wom5's banks1 & 
l[-income cr$it unions4  7#b7           
,adm9i/ration ,! ,secret>y ( !          
,treasury1 act+ ?r\gh ! ,fiscal ,s]vice1
 %all--  7,a7 on application by a       
depository in/itution or cr$it union1   
c]tify :e!r su* depository in/itution or
 cr$it union is a m9ority bank1 wom5's  
bank1 or l[-income cr$it union2  7,b7   
ma9ta9 & publi% a li/ ( all depository  
in/itutions & cr$it unions t h be5      
c]tifi$ pursuant to subp>agraph 7,a72 & 
7,c7 p]iodically di/ribute ! li/        
describ$ 9 subp>agraph 7,b7 to-- 7i7 all
 ,f$]al dep>tm5ts & ag5cies2  7ii7      
int]e/$ ,/ate & local gov]nm5ts2 &      
7iii7 int]e/$ private sector companies4 
7#c7 ,inclusion ( c]ta9 entities on li/ 

,a depository in/itution or cr$it union 
t1 on ! date ( ! enactm5t ( ?is section1
 has a curr5t c]tification f ! ,secret>y
 ( ! ,treasury /at+ t su* depository    
in/itution or cr$it union is a m9ority  
bank1 wom5's bank1 or l[-income cr$it   
union %all be includ$ on ! li/ describ$ 
"u p>agraph 7#b77;,b74  7b7 ,exp&$ ,use 
,among ,f$]al ,dep>tm5ts & ,ag5cies     
7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! 
e/abli%m5t ( ! program describ$ 9       
subsection 7a71 ! head ( ea* ,f$]al     
dep>tm5t or ag5cy %all develop &        
implem5t /&>ds & proc$ures to ensure1 to
 ! maximum ext5t possible z p]mitt$ by  
law1 ! use ( m9ority banks1 wom5's      
banks1 & l[-income cr$it unions to s]ve 
! f9ancial ne$s ( ea* su* dep>tm5t or   
ag5cy4  7#b7 ,report to ,congress ,n    
lat] ?an #b ye>s aft] ! e/abli%m5t ( !  
program describ$ 9 subsection 7a71 &    
annually !reaft]1 ! head ( ea* ,f$]al   
dep>tm5t or ag5cy %all submit to        
,congress a report on ! actions tak5 to 
increase ! use ( m9ority banks1 wom5's  

banks1 & l[-income cr$it unions to s]ve 
! f9ancial ne$s ( ea* su* dep>tm5t or   
ag5cy4  7c7 ,def9itions ,= purposes (   
?is section3 7#a7 ,cr$it union ,! t]m   
cr$it union has ! mean+ giv5 ! t]m      
insur$ cr$it union 9 section #aja ( !   
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #ageb74  7#b7 ,depository in/itution ,!
 t]m depository in/itution has ! mean+  
giv5 ! t]m insur$ depository in/itution 
9 section #c ( ! ,f$]al ,deposit        
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#c7 ,l[-income cr$it union ,! t]m      
l[-income cr$it union means any entity  
describ$ 9 section #ai7;b77#a77;,a77iv7 
( ! ,f$]al ,res]ve ,act4  7#d7 ,m9ority 
,! t]m m9ority means any ,black         
,am]ican1 ,native ,am]ican1 ,hispanic   
,am]ican1 or ,asian ,am]ican4  7#e7     
,m9ority bank ,! t]m m9ority bank means 
any bank describ$ 9 clause 7i71 7ii71 or
 7iii7 ( section #ai7;b77#a77;,a7 ( !   
,f$]al ,res]ve ,act--  7,a7 m ?an #ej   
p]c5t ( ! out/&+ %>es ( :i* are held by 
#a or m m9ority individuals2  7,b7 !    

majority ( ! directors on ! bo>d (      
directors ( :i* are m9ority individuals2
 &  7,c7 a significant p]c5tage ( s5ior 
managem5t positions ( :i* are held by   
m9ority individuals4  7#f7 ,wom5's bank 
,! t]m wom5's bank means any bank       
describ$ 9 clause 7i71 7ii71 or 7iii7 ( 
section #ai7;b77#a77;,a7 ( ! ,f$]al     
,res]ve ,act--  7,a7 m ?an #ej p]c5t ( !
 out/&+ %>es ( :i* are held by #a or m  
wom52  7,b7 ! majority ( ! directors on 
! bo>d ( directors ( :i* are wom52 &    
7,c7 a significant p]c5tage ( s5ior     
managem5t positions ( :i* are held by   
wom54  4  7b7 ,con=m+ ,am5dm5ts ,!      
foll[+ provisions are am5d$ by /rik+    
#abjd7;c77#c7 & ins]t+ #abjd7;c73  7#a7 
,section #hjh7;b77#c7 ( ! ,community    
,re9ve/m5t ,act ( #aigg 7#ab ,u4,s4,c4  
#bijg7;b77#c774  7#b7 ,section          
#dj7;g77#a77;,b7 ( ! ,f$]al ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahcaq7g77#a77;,b774  7#c7 ,section     
#gjd;,b7h77#d7 ( ! ,equal ,cr$it        
,opportunity ,act 7#ae ,u4,s4,c4        

#afia;c-#b7;h77#d774  #c4 ,am5dm5ts to !
 ,community ,re9ve/m5t ,act ,section    
#hjd7;b7 ( ! ,community ,re9ve/m5t ,act 
( #aigg 7#ab ,u4,s4,c4 #bijc7;b77 is    
am5d$ to read z foll[s3  7b7 ,coop]ation
 ) ,m9ority ,banks1 ,wom5's ,banks1 &   
,l[-,income ,cr$it ,unions ,consid]$    
7#a7 ,9 g5]al ,9 assess+ & tak+ into    
acc\nt1 "u subsection 7a71 ! record ( a 
f9ancial in/itution1 ! appropriate      
,f$]al f9ancial sup]visory ag5cy %all   
consid] z a factor capital inve/m5t1    
loan p>ticipation1 & o!r v5tures        
und]tak5 by ! in/itution 9 coop]ation ) 
m9ority banks1 wom5's banks1 community  
developm5t f9ancial in/itutions1 &      
l[-income cr$it unions provid$ t ^!     
activities help meet ! cr$it ne$s (     
local communities 9 :i* su* in/itutions 
& cr$it unions are *>t]$4  7#b7         
,def9itions  7,a7 ,,firrea def9itions ,!
 t]ms l[-income cr$it union1 m9ority    
bank1 & wom5's bank h ! mean+s giv5 su* 
t]ms1 respectively1 9 section #abjd7;c7 
( ! ,f9ancial ,in/itutions ,re=m1       

,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 
,u4,s4,c4 #ahaa note74  7,b7 ,community 
developm5t f9ancial in/itution ,! t]m   
community developm5t f9ancial in/itution
 has ! mean+ giv5 9 section #ajc7e7 ( ! 
,riegle ,community ,developm5t &        
,regulatory ,improvem5t ,act ( #aiid    
7#ab ,u4,s4,c4 #dgjb7e774  4  #d4       
,consid]ations :5 assess+ f9ancial      
inclusion = f$]ally *>t]$ f9ancial      
in/itutions  7a7 ,9 ,g5]al ,9 assess+ & 
tak+ into acc\nt ! record ( a f$]ally   
*>t]$ f9ancial in/itution "u any        
f9ancial inclusion assessm5t process    
creat$ by ! ,comptroll] ( ! ,curr5cy 9  
any rule relat+ to ! *>t]+ ( a f9ancial 
in/itution1 ! ,comptroll] %all consid] z
 a factor capital inve/m5t1 loan        
p>ticipation1 & o!r v5tures und]tak5 by 
! bank 9 coop]ation ) m9ority banks1    
wom5's banks1 community developm5t      
f9ancial in/itutions1 & l[-income cr$it 
unions1 provid$ t ^! activities help    
meet ! f9ancial ne$s ( local communities
 9 :i* ! f$]ally *>t]$ f9ancial         

in/itution provides f9ancial products or
 s]vices4  7b7 ,def9itions ,= purposes (
 ?is section3 7#a7 ,community developm5t
 f9ancial in/itution ,! t]m community   
developm5t f9ancial in/itution has !    
mean+ giv5 9 section #ajc7e7 ( ! ,riegle
 ,community ,developm5t & ,regulatory   
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dgjb7e774  7#b7 ,f9ancial inclusion    
assessm5t process ,! t]m f9ancial       
inclusion assessm5t process means any   
process relat+ to ! *>t]+ ( a f9ancial  
in/itution :]eby ! ,comptroll] ( !      
,curr5cy assesses & takes into acc\nt ! 
f9ancial in/itution's record ( meet+ !  
f9ancial ne$s ( ! bank's entire         
community1 includ+ l[- & mod]ate-income 
neighborhoods1 consi/5t ) ! safe & s\nd 
op]ation ( su* bank4  7#c7 ,f9ancial    
product or s]vice ,! t]m f9ancial       
product or s]vice has ! mean+ giv5 su*  
t]m 9 section #ajjb ( ! ,dodd-,frank    
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4 #edha74 
7#d7 ,,firrea def9itions ,! t]ms        

l[-income cr$it union1 m9ority bank1 &  
wom5's bank h ! mean+s giv5 su* t]ms1   
respectively1 9 section #abjd7;c7 ( !   
,f9ancial ,in/itutions ,re=m1 ,recov]y1 
& ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 
#ahaa note74