,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #da  ,,9 ,,! ,,h\se ,,(             
,,repres5tatives  ,janu>y #c1 #bjai,mr4 
,ru% introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,ways & ,means1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to provide         
regulatory relief = ,black & community  
banks1 to codify ! ,m9ority ,bank       
,deposit ,program1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,re5]giz$ ,economic ,su/a9ability =   
,community & ,urban ,entities ,act =    
,black & ,community ,banks or ! ,,rescue
 ,act = ,black & ,community ,banks4  #b4
 ,regulation ( ,black & ,community      
,banks  7a7 ,(fice ( ,black & ,community
 ,banks  7#a7 ,e/abli%m5t ,!re is       
e/abli%$ )9 ! ,(fice ( ! ,comptroll] ( !
 ,curr5cy an (fice to be kn[n z ! ,(fice
 ( ,black & ,community ,banks4  7#b7    

,sup]vision & exam9ation ( ,black banks 
& community banks ,! ,comptroll] ( !    
,curr5cy1 act+ ?r\gh ! ,(fice ( ,black &
 ,community ,banks1 %all sup]vise &     
exam9e ,black banks & community banks4  
7#c7 ,regulatory relief  7,a7 ,9 g5]al  
,! ,comptroll] %all issue regulations to
 p>tially or completely exempt ,black   
banks & community banks f ,f$]al bank+  
/atutes & regulations1 to ! ext5t !     
,comptroll] det]m9es x appropriate )\t  
endang]+ ! safety & s\ndness ( su*      
banks4  7,b7 ,treatm5t ( manual         
und]writ+ ,= purposes ( risk-bas$       
capital requirem5ts = ,black banks &    
community banks1 ! ,comptroll] %all     
issue regulations to assign a l[] level 
( risk to loans t are issu$ by su* banks
 us+ manual und]writ+1 9 recognition ( !
 individualiz$ scrut9y provid$ by manual
 und]writ+4  7,c7 ,enc\rag+ small-doll> 
l5d+ ,! ,comptroll] %all issue          
regulations to enc\rage af=dable        
small-doll> l5d+ by ,black banks &      
community banks by provid+ regulatory   

flexibility ) respect to su* l5d+4  7b7 
,regulatory relief "u ! securities laws 
7#a7 ,inve/m5t products ,) respect to   
inve/m5t products sold by a ,black bank 
or a community bank 7or an affiliate (  
su* bank7 to individuals 9 ! community 9
 :i* su* bank is locat$1 ! ,securities &
 ,ex*ange ,commission %all issue        
regulations to p>tially or completely   
exempt ! bank f ! securities laws &     
regulations issu$ "u ! securities laws1 
to ! ext5t ! ,commission det]m9es x     
appropriate )\t endang]+ ! protection ( 
inve/ors4  7#b7 ,securities  7,a7 ,9    
g5]al ,! ,securities & ,ex*ange         
,commission %all issue regulations to   
r$uce ! regulatory burd5 applicable to  
,black banks & community banks--  7i7 "u
 ! am5dm5ts made by ! ,jump/>t ,our     
,bus9ess ,/>tups ,act2  7ii7 issu+      
mortgage-back$ securities2 &  7iii7     
issu+ securities back$ by loans gu>ante$
 by ! ,small ,bus9ess ,act4  7,b7       
,cr[dfund+ exemption ,section #d;,a ( ! 
,securities ,act ( #aicc 7#ae ,u4,s4,c4 

#gg;d-#a7 %all n apply to ,black banks  
or community banks4  7c7 ,con=m+ *ange  
to def9ition ( appropriate ,f$]al bank+ 
ag5cy  ,section #c7q77#a7 ( ! ,f$]al    
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac7q77#a77 is am5d$-- 7#a7 9         
subp>agraph 7,b71 by /rik+ & at ! end2  
7#b7 9 subp>agraph 7,c71 by add+ & at ! 
end2 &  7#c7 by add+ at ! end ! foll[+3 
7,d7 not)/&+ p>agraphs 7#b7 & 7#c71 any 
,black bank or community bank 7z su*    
t]ms are def9$ "u section #e ( !        
,,rescue ,act = ,black & ,community     
,banks72  4  #c4 ,codification ( !      
,m9ority ,bank ,deposit ,program  7a7 ,9
 g5]al  7#a7 ,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 companies2 
&  7,d7 support ! creation ( rat+s1     
onl9e ,black bank res\rces1 & database  
products1 includ+ onl9e l5d+ & inve/m5t 
facilities4  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 ,m9imum        
requirem5t ,not)/&+ p>agraph 7#a71 !    
head ( ea* ,f$]al dep>tm5t or ag5cy %all
 ensure t at lea/ #aj p]c5t ( ! f9ancial
 ne$s ( ea* su* dep>tm5t or ag5cy are   
met by ! use ( m9ority banks1 wom5's    
banks1 & l[-income cr$it unions4  7#c7  
,report to ,congress ,n lat] ?an #b ye>s
 aft] ! e/abli%m5t ( ! program describ$ 
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

 = :i*--  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$]al ,res]ve ,act
 = :i*--  7,a7 m ?an #ej p]c5t ( !      
out/&+ %>es ( :i* are held by #a or m   
wom52  7,b7 ! majority ( ! directors on 
! bo>d ( directors ( :i* are wom52 &    
7,c7 a significant p]c5tage ( s5ior     
managem5t positions ( :i* are held by   
wom54  4  7#b7 ,con=m+ ,am5dm5ts ,!     
foll[+ provisions are am5d$ 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$it        
,opportunity ,act 7#ae ,u4,s4,c4        
#afia;c-#b7;h77#d774  7b7 ,am5dm5ts to !
 ,community ,re9ve/m5t ,act ,section    
#hjd7;b7 ( ! ,community ,re9ve/m5t ,act 
( #aigg 7#ab ,u4,s4,c4 #bijc7;b77 is    
am5d$ 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  7c7       
,consid]ations :5 assess+ f9ancial      
inclusion = f$]ally *>t]$ f9ancial      
in/itutions  7#a7 ,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 ) ,black 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  7#b7 ,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$it union & wom5's bank h ! 
mean+s giv5 su* t]ms1 respectively1 9   
section #abjd7;c7 ( ! ,f9ancial         
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4   
#ahaa note74  #d4 ,,gao ,/udies  7a7    
,new ,m>kets ,tax ,cr$it ,/udy ,!       
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all c>ry out a /udy on ! aw>d ( ! new  
m>kets tax cr$it by--  7#a7 survey+     
communities & specifically talk+ to     
,black banks1 community banks1 &        
,c,d,f,is t wi% to receive ! tax cr$it  
ab\t :y !y are n receiv+ ! tax cr$it2   
7#b7 det]m9+ :]e ! tax cr$it money      
actually w5t & :at x 0 us$ =2 &  7#c7 to
 ! ext5t possible1 us+ a case /udy      
approa*4  7b7 ,l[]-,value home mortgage 
loan /udy ,! ,comptroll] ,g5]al ( !     
,unit$ ,/ates %all c>ry out a /udy on   
mortgage loans ) a pr9cipal am\nt (     

#ajj1jjj or less1 includ+--  7#a7 :o is 
mak+ su* loans curr5tly2  7#b7 h[       
communities are enc\rag+ su* loans2     
7#c7 :at *anges c\ld enc\rage banks &   
o!r p]sons to provide m su* loans2 &    
7#d7 any /atutory or regulatory *anges t
 ! ,comptroll] believes may be ne$$ to  
enc\rage m su* loans4  7c7 ,block*a9    
/udy ,! ,comptroll] ,g5]al ( ! ,unit$   
,/ates %all c>ry out a /udy on block*a9 
te*nology & :e!r su* te*nology c\ld be  
us$ to increase inve/m5t by l[]-income  
individuals 9 />t-ups & o!r cr[d-fund$  
companies4  #e4 ,def9itions ,= purposes 
( ?is ,act3 7#a7 ,black bank ,! t]m     
,black bank means an insur$ depository  
in/itution--  7,a7 m ?an #ej p]c5t ( !  
own]%ip or control ( :i* is held by #a  
or m ,black individuals2 &  7,b7 m ?an  
#ej p]c5t ( ! net pr(it or loss ( :i*   
accrues to #a or m ,black individuals4  
7#b7 ,,cdfi ,! t]m ,,cdfi has ! mean+   
giv5 ! t]m community developm5t f9ancial
 in/itution "u section #ajc ( !         
,community ,developm5t ,bank+ &         

,f9ancial ,in/itutions ,act ( #aiid4    
7#c7 ,community bank ,! t]m community   
bank means an insur$ depository         
in/itution ) less ?an #ajj1jjj1jjj 9    
consolidat$ assets4  7#d7 ,comptroll] ,!
 t]m ,comptroll] means ! ,comptroll] ( !
 ,curr5cy1 except :5 us$ 9 ! context ( !
 ,comptroll] ,g5]al ( ! ,unit$ ,/ates4  
7#e7 ,insur$ cr$it union ,! t]m insur$  
cr$it union has ! mean+ giv5 su* t]m "u 
section #aja ( ! ,f$]al ,cr$it ,union   
,act4  7#f7 ,insur$ depository          
in/itution ,! t]m insur$ depository     
in/itution--  7,a7 has ! mean+ giv5 su* 
t]m "u section #c ( ! ,f$]al ,deposit   
,insurance ,act2 &  7,b7 includes an    
insur$ cr$it union4  7#g7 ,securities   
laws ,! t]m securities laws has ! mean+ 
giv5 su* t]m "u section #c ( !          
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c74