#aaf? ,,congress  #b;d ,session  ,h4 ,r4
 #ecbb  ,,an ,,act  ,to e/abli% or      
modify requirem5ts relat+ to m9ority    
depository in/itutions1 community       
developm5t f9ancial in/itutions1 &      
impact banks1 & = o!r purposes4  #a4    
,%ort title2 table ( cont5ts  7a7 ,%ort 
title ,?is ,act may be cit$ z ! ,ensur+ 
,div]sity 9 ,community ,bank+ ,act4  7b7
 ,table ( cont5ts ,! table ( cont5ts =  
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title2 table ( cont5ts4 ,sec4 #b4 ,s5se 
( ,congress on fund+ ! loan-loss res]ve 
fund = small doll> loans4 ,sec4 #c4     
,def9itions4 ,sec4 #d4 ,inclusion (     
wom5's banks 9 ! def9ition ( m9ority    
depository in/itution4 ,sec4 #e4        
,e/abli%m5t ( impact bank designation4  
,sec4 #f4 ,m9ority ,depositories        
,advisory ,committees4 ,sec4 #g4 ,f$]al 
deposits 9 m9ority depository           
in/itutions4 ,sec4 #h4 ,m9ority ,bank   
,deposit ,program4 ,sec4 #i4 ,div]sity  
report & be/ practices4 ,sec4 #aj4      
,inve/m5ts 9 m9ority depository         

in/itutions & impact banks4 ,sec4 #aa4  
,report on cov]$ m5tor-protege programs4
 ,sec4 #ab4 ,cu/odial deposit program = 
cov]$ m9ority depository in/itutions &  
impact banks4 ,sec4 #ac4 ,/reaml9$      
community developm5t f9ancial in/itution
 applications & report+4 ,sec4 #ad4     
,task =ce on l5d+ to small bus9ess      
conc]ns4 ,sec4 #ae4 ,discretion>y       
surplus funds4 ,sec4 #af4 ,det]m9ation (
 ,budget>y ,effects4  #b4 ,s5se (       
,congress on fund+ ! loan-loss res]ve   
fund = small doll> loans ,! s5se (      
,congress is ! foll[+3 7#a7 ,!          
,community ,developm5t ,f9ancial        
,in/itutions ,fund 7! ,,cdfi ,fund7 is  
an ag5cy ( ! ,dep>tm5t ( ! ,treasury1 & 
0 e/abli%$ by ! ,riegle ,community      
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid4 ,! mission ( ! ,,cdfi     
,fund is to exp& economic opportunity = 
und]s]v$ p & communities by support+ !  
gr[? & capacity ( a national network (  
community developm5t l5d]s1 inve/ors1 & 
f9ancial s]vice provid]s4 ,a community  

developm5t f9ancial in/itution 7a       
,,cdfi7 is a specializ$ f9ancial        
in/itution s]v+ l[-income communities & 
a ,community ,developm5t ,entity 7a     
,,cde7 is a dome/ic corporation or      
p>tn]%ip t is an int]m$i>y vehicle = !  
provision ( loans1 inve/m5ts1 or        
f9ancial c\nsel+ 9 l[-income            
communities4 ,! ,,cdfi ,fund c]tifies   
,c,d,f,is & ,c,d,es4 ,becom+ a c]tifi$  
,,cdfi or ,,cde all[s organizations to  
p>ticipate 9 v>i\s ,,cdfi ,fund programs
 z foll[s3  7,a7 ,! ,bank ,ent]prise    
,aw>d ,program1 :i* provides            
,,fdic-insur$ depository in/itutions    
aw>ds = a demon/rat$ increase 9 l5d+ &  
inve/m5ts 9 di/ress$ communities &      
,c,d,f,is4  7,b7 ,! ,,cdfi ,program1 :i*
 provides ,f9ancial & ,te*nical         
,assi/ance aw>ds to ,c,d,f,is to re9ve/ 
9 ! ,,cdfi1 & to build ! capacity ( !   
,,cdfi1 includ+ f9anc+ product          
developm5t & loan loss res]ves4  7,c7 ,!
 ,native ,am]ican ,,cdfi ,assi/ance     
,program1 :i* provides ,c,d,f,is &      

sponsor+ entities ,f9ancial & ,te*nical 
,assi/ance aw>ds to increase l5d+ & gr[ 
! numb] ( ,c,d,f,is own$ by ,native     
,am]icans to help build capacity ( su*  
,c,d,f,is4  7,d7 ,! ,new ,m>ket ,tax    
,cr$it ,program1 :i* provides tax cr$its
 = mak+ equity inve/m5ts 9 ,c,d,es t    
/imulate capital inve/m5ts 9 l[-income  
communities4  7,e7 ,! ,capital ,magnet  
,fund1 :i* provides aw>ds to ,c,d,f,is &
 nonpr(it af=dable h\s+ organizations to
 f9ance af=dable h\s+ solutions & relat$
 economic developm5t activities4  7,f7  
,! ,bond ,gu>antee ,program1 a s\rce (  
long-t]m1 pati5t capital = ,c,d,f,is to 
exp& l5d+ & inve/m5t capacity =         
community & economic developm5t         
purposes4  7#b7 ,! ,dep>tm5t ( !        
,treasury is au?oriz$ to create         
multi-ye> grant programs design$ to     
enc\rage l[-to-mod]ate income           
individuals to e/abli% acc\nts at       
f$]ally insur$ banks1 & to improve      
l[-to-mod]ate income individuals' access
 to su* acc\nts on reasonable t]ms4     

7#c7 ,"u ?is au?ority1 grants to        
p>ticipants 9 ,,cdfi ,fund programs may 
be us$ = loan-loss res]ves & to e/abli% 
small-doll> loan programs by subsidiz+  
relat$ losses4 ,^! grants also all[ = ! 
provid+ recipi5ts ) ! f9ancial c\nsel+ &
 education necess>y to conduct          
transactions & manage _! acc\nts4 ,^!   
loans provide l[-co/ alt]natives to     
payday loans & o!r nontraditional =ms ( 
f9anc+ t (t5 impose excessive int]e/    
rates & fees on borr[]s1 & lead millions
 ( ,am]icans to fall into debt traps4   
,small-doll> loans c only be made       
pursuant to t]ms1 conditions1 &         
practices t are reasonable = !          
individual consum] obta9+ ! loan4  7#d7 
,program p>ticipation is re/rict$ to    
eligible in/itutions1 :i* are limit$ to 
organizations li/$ 9 section            
#eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
& exempt f tax "u #eja7;a7 ( su* ,code1 
f$]ally insur$ depository in/itutions1  
community developm5t f9ancial           
in/itutions & ,/ate1 local1 or ,tribal  

gov]nm5t entities4  7#e7 ,s9ce its      
f\nd+1 ! ,,cdfi ,fund has aw>d$ ov]     
#c1cjj1jjj1jjj to ,c,d,f,is & ,c,d,es1  
allocat$ #ed1jjj1jjj1jjj 9 tax cr$its1 &
 #a1eaj1jjj1jjj 9 bond gu>antees4       
,accord+ to ! ,,cdfi ,fund1 "s programs 
attract z mu* z #aj 9 private capital = 
e #a inve/$ by ! ,,cdfi ,fund4 ,!       
,adm9i/ration & ! ,congress %\ld        
prioritize appropriation ( funds = !    
loan loss res]ve fund & te*nical        
assi/ance programs adm9i/]$ by !        
,community ,developm5t ,f9ancial        
,in/itution ,fund4  #c4 ,def9itions ,9  
?is ,act3 7#a7 ,community developm5t    
f9ancial in/itution ,! t]m community    
developm5t f9ancial in/itution has !    
mean+ giv5 "u section #ajc ( ! ,riegle  
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dgjb74  7#b7 ,m9ority depository       
in/itution ,! t]m m9ority depository    
in/itution has ! mean+ giv5 "u section  
#cjh ( ! ,f9ancial ,in/itutions ,re=m1  
,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 

,u4,s4,c4 #adfc note71 z am5d$ by ?is   
,act4  #d4 ,inclusion ( wom5's banks 9 !
 def9ition ( m9ority depository         
in/itution ,section #cjh7;b77#a7 ( !    
,f9ancial ,in/itutions ,re=m1 ,recov]y1 
& ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 
#adfc note7 is am5d$--  7#a7 by         
r$esignat+ subp>agraphs 7,a71 7,b71 &   
7,c7 z clauses 7i71 7ii71 & 7iii71      
respectively2  7#b7 by /rik+ means any &
 ins]t+ ! foll[+3  means-- 7,a7 any  2 &
  7#c7 9 clause 7iii7 7z s r$esignat$71 
by /rik+ ! p]iod at ! end & ins]t+ 2 or2
 &  7#d7 by ins]t+ at ! end ! foll[+ new
 subp>agraph3  7,b7 any bank describ$ 9 
clause 7i71 7ii71 or 7iii7 ( section    
#ai7;b77#a77;,a7 ( ! ,f$]al ,res]ve     
,act-- 7i7 m ?an #ej p]c5t ( ! out/&+   
%>es ( :i* are held by #a or m wom52 &  
7ii7 ! majority ( ! directors on ! bo>d 
( directors ( :i* are wom54  4  #e4     
,e/abli%m5t ( impact bank designation   
7a7 ,9 g5]al ,ea* ,f$]al bank+ ag5cy    
%all e/abli% a program "u :i* a         
depository in/itution ) total           

consolidat$ assets ( less ?an           
#aj1jjj1jjj1jjj may elect to be         
designat$ z an impact bank if ! total   
doll> value ( ! loans ext5d$ by su*     
depository in/itution to l[-income      
borr[]s is great] ?an or equal to #ej   
p]c5t ( ! assets ( su* bank4  7b7       
,notification ( eligibility ,bas$ on    
data obta9$ ?r\gh exam9ations (         
depository in/itutions1 ! appropriate   
,f$]al bank+ ag5cy %all notify a        
depository in/itution if ! in/itution is
 eligible to be designat$ z an impact   
bank4  7c7 ,application ,reg>dless (    
:e!r or n x has receiv$ a notice (      
eligibility "u subsection 7b71 a        
depository in/itution may submit an     
application to ! appropriate ,f$]al     
bank+ ag5cy--  7#a7 reque/+ to be       
designat$ z an impact bank2 &  7#b7     
demon/rat+ t ! depository in/itution    
meets ! applicable qualifications4  7d7 
,limitation on additional data          
requirem5ts ,! ,f$]al bank+ ag5cies may 
only impose additional data collection  

requirem5ts on a depository in/itution  
"u ?is section if su* data is-- 7#a7    
necess>y to process an application      
submitt$ by ! depository in/itution to  
be designat$ an impact bank2 or  7#b7 ) 
respect to a depository in/itution t is 
designat$ z an impact bank1 necess>y to 
ensure ! depository in/itution's ongo+  
qualifications to ma9ta9 su*            
designation4  7e7 ,removal ( designation
 ,if ! appropriate ,f$]al bank+ ag5cy   
det]m9es t a depository in/itution      
designat$ z an impact bank no long]     
meets ! crit]ia = su* designation1 !    
appropriate ,f$]al bank+ ag5cy %all     
resc9d ! designation & notify !         
depository in/itution ( su* rescission4 
7f7 ,reconsid]ation ( designation2      
appeals ,"u su* proc$ures z ! ,f$]al    
bank+ ag5cies may e/abli%1 a depository 
in/itution may-- 7#a7 submit to !       
appropriate ,f$]al bank+ ag5cy a reque/ 
to reconsid] a det]m9ation t su*        
depository in/itution no long] meets !  
crit]ia = ! designation2 or  7#b7 file  

an appeal ( su* det]m9ation4  7g7       
,rulemak+ ,n lat] ?an #a ye> aft] ! date
 ( ! enactm5t ( ?is ,act1 ! ,f$]al bank+
 ag5cies %all jo9tly issue rules to c>ry
 out ! requirem5ts ( ?is section1       
includ+ by provid+ a def9ition ( a      
l[-income borr[]4  7h7 ,reports ,ea*    
,f$]al bank+ ag5cy %all submit an annual
 report to ! ,congress conta9+ a        
description ( actions tak5 to c>ry out  
?is section4  7i7 ,f$]al ,deposit       
,insurance ,act def9itions ,9 ?is       
section1 ! t]ms depository in/itution1  
appropriate ,f$]al bank+ ag5cy1 & ,f$]al
 bank+ ag5cy h ! mean+s giv5 su* t]ms1  
respectively1 9 section #c ( ! ,f$]al   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac74  #f4 ,m9ority ,depositories     
,advisory ,committees  7a7 ,e/abli%m5t  
,ea* cov]$ regulator %all e/abli% an    
advisory committee to be call$ !        
,m9ority ,depositories ,advisory        
,committee4  7b7 ,duties ,ea* ,m9ority  
,depositories ,advisory ,committee %all 
provide advice to ! respective cov]$    

regulator on meet+ ! goals e/abli%$ by  
section #cjh ( ! ,f9ancial ,in/itutions 
,re=m1 ,recov]y1 & ,en=cem5t ,act (     
#aihi 7#ab ,u4,s4,c4 #adfc note7 to     
pres]ve ! pres5t numb] ( cov]$ m9ority  
in/itutions1 pres]ve ! m9ority "* (     
m9ority-own$ in/itutions 9 cases involv+
 m]g]s or acquisitions1 provide te*nical
 assi/ance1 & enc\rage ! creation ( new 
cov]$ m9ority in/itutions4 ,! scope ( ! 
"w ( ea* su* ,m9ority ,depositories     
,advisory ,committee %all include an    
assessm5t ( ! curr5t condition ( cov]$  
m9ority in/itutions1 :at regulatory     
*anges or o!r /eps ! respective ag5cies 
may be able to take to fulfill !        
requirem5ts ( su* section #cjh1 & o!r   
issues ( conc]n to cov]$ m9ority        
in/itutions4  7c7 ,memb]%ip  7#a7 ,9    
g5]al ,ea* ,m9ority ,depositories       
,advisory ,committee %all consi/ ( no m 
?an #aj memb]s1 :o-- 7,a7 %all s]ve = "o
 two-ye> t]m2  7,b7 %all s]ve z a       
repres5tative ( a depository in/itution 
or an insur$ cr$it union ) respect to   

:i* ! respective cov]$ regulator is !   
cov]$ regulator ( su* depository        
in/itution or insur$ cr$it union2 &     
7,c7 %all n receive pay by reason ( _!  
s]vice on ! advisory committee1 b may   
receive travel or transportation exp5ses
 9 accordance ) section #egjc ( title   
#e1 ,unit$ ,/ates ,code4  7#b7 ,div]sity
 ,to ! ext5t practicable1 ea* cov]$     
regulator %all ensure t ! memb]s ( !    
,m9ority ,depositories ,advisory        
,committee ( su* ag5cy reflect !        
div]sity ( cov]$ m9ority in/itutions4   
7d7 ,meet+s  7#a7 ,9 g5]al ,ea* ,m9ority
 ,depositories ,advisory ,committee %all
 meet n less frequ5tly ?an twice ea*    
ye>4  7#b7 ,notice & invitations ,ea*   
,m9ority ,depositories ,advisory        
,committee %all-- 7,a7 notify !         
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate 9 advance ( ea* meet+ ( !        
,m9ority ,depositories ,advisory        
,committee2 &  7,b7 invite ! att5dance  

at ea* meet+ ( ! ,m9ority ,depositories 
,advisory ,committee (-- 7i7 "o memb] ( 
! majority p>ty & "o memb] ( ! m9ority  
p>ty ( ! ,committee on ,f9ancial        
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate2 &  7ii7 "o memb] ( 
! majority p>ty & "o memb] ( ! m9ority  
p>ty ( any relevant subcommittees ( su* 
committees4  7e7 ,no t]m9ation (        
advisory committees ,! t]m9ation        
requirem5ts "u section #ad ( ! ,f$]al   
,advisory ,committee ,act 7#e ,u4,s4,c4 
app47 %all n apply to a ,m9ority        
,depositories ,advisory ,committee      
e/abli%$ pursuant to ?is section4  7f7  
,def9itions ,9 ?is section3 7#a7 ,cov]$ 
regulator ,! t]m cov]$ regulator means !
 ,comptroll] ( ! ,curr5cy1 ! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,f$]al ,deposit ,insurance ,corporation1
 & ! ,national ,cr$it ,union            
,adm9i/ration4  7#b7 ,cov]$ m9ority     
in/itution ,! t]m cov]$ m9ority         
in/itution means a m9ority depository   

in/itution 7z def9$ 9 section #cjh7;b7 (
 ! ,f9ancial ,in/itutions ,re=m1        
,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 
,u4,s4,c4 #adfc note774  7#c7           
,depository in/itution ,! t]m depository
 in/itution has ! mean+ giv5 "u section 
#c ( ! ,f$]al ,deposit ,insurance ,act  
7#ab ,u4,s4,c4 #ahac74  7#d7 ,insur$    
cr$it union ,! t]m insur$ cr$it union   
has ! mean+ giv5 9 section #aja ( !     
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #ageb74  7g7 ,te*nical am5dm5t ,section
 #cjh7;b7 ( ! ,f9ancial ,in/itutions    
,re=m1 ,recov]y1 & ,en=cem5t ,act (     
#aihi 7#ab ,u4,s4,c4 #adfc note7 is     
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#c7 ,depository in/itution  
,! t]m depository in/itution means an   
insur$ depository in/itution 7z def9$ 9 
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac77 &
 an insur$ cr$it union 7z def9$ 9       
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb774  4  #g4    
,f$]al deposits 9 m9ority depository    

in/itutions  7a7 ,9 g5]al ,section #cjh 
( ! ,f9ancial ,in/itutions ,re=m1       
,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab 
,u4,s4,c4 #adfc note7 is am5d$--  7#a7  
by add+ at ! end ! foll[+ new           
subsection3  7d7 ,f$]al deposits ,!     
,secret>y ( ! ,treasury %all ensure t   
deposits made by ,f$]al ag5cies 9       
m9ority depository in/itutions & impact 
banks are collat]aliz$ or insur$1 z     
det]m9$ by ! ,secret>y4 ,su* deposits   
%all include reciprocal deposits z def9$
 9 section #ccg4f7;e77#b77v7 ( title    
#ab1 ,code ( ,f$]al ,regulations 7z 9   
effect on ,m>* #f1 #bjai74  2 &  7#b7 9 
subsection 7b71 z am5d$ by section      
#f7;g71 by add+ at ! end ! foll[+ new   
p>agraph3  7#d7 ,impact bank ,! t]m     
impact bank means a depository          
in/itution designat$ by ! appropriate   
,f$]al bank+ ag5cy pursuant to section  
#e ( ! ,ensur+ ,div]sity 9 ,community   
,bank+ ,act4  4  7b7 ,te*nical am5dm5ts 
,section #cjh ( ! ,f9ancial ,in/itutions
 ,re=m1 ,recov]y1 & ,en=cem5t ,act (    

#aihi 7#ab ,u4,s4,c4 #adfc note7 is     
am5d$-- 7#a7 9 ! matt] prec$+ p>agraph  
7#a71 by /rik+ section-- & ins]t+       
section32 &  7#b7 9 ! p>agraph head+ =  
p>agraph 7#a71 by /rik+ f9ancial &      
ins]t+ depository4  #h4 ,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 depository in/itutions  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        
depository in/itutions4  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 depository    
in/itution2  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 depository     
in/itution %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           
prioritize1 to ! maximum ext5t possible 
z p]mitt$ by law & consi/5t ) pr9ciples 
( s\nd f9ancial managem5t1 ! use (      
m9ority depository in/itutions to hold !

 deposits ( 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$]al dep>tm5t or
 ag5cy %all submit to ,congress a report
 on ! actions tak5 to increase ! use (  
m9ority depository in/itutions to hold !
 deposits ( ea* su* dep>tm5t or ag5cy4  
7c7 ,def9itions ,= purposes ( ?is       
section3  7#a7 ,cr$it union ,! t]m cr$it
 union has ! mean+ giv5 ! t]m insur$    
cr$it union 9 section #aja ( ! ,f$]al   
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#ageb74  7#b7 ,depository in/itution ,! 
t]m depository in/itution has ! mean+   
giv5 9 section #c ( ! ,f$]al ,deposit   
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#c7 ,m9ority depository in/itution ,!  
t]m m9ority depository in/itution has ! 
mean+ giv5 t t]m "u section #cjh ( ?is  
,act4  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  #i4 ,div]sity     
report & be/ practices  7a7 ,annual     
report ,ea* cov]$ regulator %all submit 
to ,congress an annual report on        
div]sity includ+ ! foll[+3  7#a7 ,data1 
bas$ on volunt>y self-id5tification1 on 
! racial1 e?nic1 & g5d] composition ( ! 
exam9]s ( ea* cov]$ regulator1          
disaggregat$ by l5g? ( "t s]v$ z an     
exam9]4  7#b7 ,! /atus ( any exam9]s (  
cov]$ regulators1 bas$ on volunt>y      
self-id5tification1 z a vet]an4  7#c7   
,:e!r any cov]$ regulator1 z ( ! date on
 :i* ! report requir$ "u ?is section is 
submitt$1 has adopt$ a policy1 plan1 or 
/rategy to promote racial1 e?nic1 & g5d]
 div]sity among exam9]s ( ! cov]$       
regulator4  7#d7 ,:e!r any special tra9+

 is develop$ & provid$ = exam9]s relat$ 
specifically to work+ ) depository      
in/itutions & cr$it unions t s]ve       
communities t are pr$om9antly m9orities1
 l[ income1 or rural1 & ! key focus (   
su* tra9+4  7b7 ,be/ practices ,ea*     
,(fice ( ,m9ority & ,wom5 ,inclusion ( a
 cov]$ regulator %all develop1 provide  
to ! head ( ! cov]$ regulator1 & make   
publicly available be/ practices-- 7#a7 
= increas+ ! div]sity ( c&idates apply+ 
= exam9] positions1 includ+ ?r\gh       
outrea* ef=ts to recruit div]se c&idate 
to apply = entry-level exam9] positions2
 &  7#b7 = reta9+ & provid+ fair        
consid]ation = promotions )9 ! exam9]   
/aff = purposes ( a*iev+ div]sity among 
exam9]s4  7c7 ,cov]$ regulator def9$ ,9 
?is section1 ! t]m cov]$ regulator means
 ! ,comptroll] ( ! ,curr5cy1 ! ,bo>d (  
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,f$]al ,deposit ,insurance ,corporation1
 & ! ,national ,cr$it ,union            
,adm9i/ration4  #aj4 ,inve/m5ts 9       
m9ority depository in/itutions & impact 

banks  7a7 ,control = c]ta9 in/itutions 
,section #g7;j77#h77;,b7 ( ! ,f$]al     
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahag7;j77#h77;,b77 is am5d$ to read z  
foll[s3  7,b7 control means ! p[]1      
directly or indirectly--  7i7 to direct 
! managem5t or policies ( an insur$     
depository in/itution2 or  7ii7 7,i7 )  
respect to an insur$ depository         
in/itution1 ( a p]son to vote #be p]    
c5tum or m ( any class ( vot+ securities
 ( su* in/itution2 or  7,,ii7 ) respect 
to an insur$ depository in/itution t is 
an impact bank 7z designat$ pursuant to 
section #e ( ! ,ensur+ ,div]sity 9      
,community ,bank+ ,act7 or a m9ority    
depository in/itution 7z def9$ 9 section
 #cjh7;b7 ( ! ,f9ancial ,in/itutions    
,re=m1 ,recov]y1 & ,en=cem5t ,act (     
#aihi71 ( an individual to vote #cj     
p]c5t or m ( any class ( vot+ securities
 ( su* an impact bank or a m9ority      
depository in/itution4  4  7b7 ,rulemak+
 ,! ,f$]al bank+ ag5cies 7z def9$ 9     
section #c ( ! ,f$]al ,deposit          

,insurance ,act 7#ab ,u4,s4,c4 #ahac77  
%all jo9tly issue rules = de novo       
m9ority depository in/itutions & de novo
 impact banks 7z designat$ pursuant to  
section #e7 to all[ #c ye>s to meet !   
capital requirem5ts o!rwise applicable  
to m9ority depository in/itutions &     
impact banks4  7c7 ,report ,n lat] ?an  
#a ye> aft] ! date ( ! enactm5t ( ?is   
,act1 ! ,f$]al bank+ ag5cies %all jo9tly
 submit to ,congress a report on-- 7#a7 
! pr9cipal causes = ! l[ numb] ( de novo
 m9ority depository in/itutions dur+ !  
#aj-ye> p]iod prec$+ ! date ( ! report2 
7#b7 ! ma9 *all5ges to ! creation ( de  
novo m9ority depository in/itutions & de
 novo impact banks2 &  7#c7 regulatory &
 legislative consid]ations to promote ! 
e/abli%m5t ( de novo m9ority depository 
in/itutions & de novo impact banks4     
#aa4 ,report on cov]$ m5tor-protege     
programs  7a7 ,report ,n lat] ?an #f    
mon?s aft] ! date ( ! enactm5t ( ?is    
,act & annually !reaft]1 ! ,secret>y ( !
 ,treasury %all submit to ,congress a   

report on p>ticipants 9 a cov]$         
m5tor-protege program1 includ+-- 7#a7 an
 analysis ( outcomes ( su* program2     
7#b7 ! numb] ( m9ority depository       
in/itutions t are eligible to p>ticipate
 9 su* program b d n h l>ge f9ancial    
in/itution m5tors2 &  7#c7              
recomm5dations = h[ to mat* su* m9ority 
depository in/itutions ) l>ge f9ancial  
in/itution m5tors4  7b7 ,def9itions ,9  
?is section3 7#a7 ,cov]$ m5tor-protege  
program ,! t]m cov]$ m5tor-protege      
program means a m5tor-protege program   
e/abli%$ by ! ,secret>y ( ! ,treasury   
pursuant to section #de ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4 #fegr74    
7#b7 ,l>ge f9ancial in/itution ,! t]m   
l>ge f9ancial in/itution means any      
entity-- 7,a7 regulat$ by ! ,comptroll] 
( ! ,curr5cy1 ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em1 ! ,f$]al ,deposit
 ,insurance ,corporation1 or ! ,national
 ,cr$it ,union ,adm9i/ration2 &  7,b7 t 
has total consolidat$ assets great] ?an 
or equal to #ej1jjj1jjj1jjj4  #ab4      

,cu/odial deposit program = cov]$       
m9ority depository in/itutions & impact 
banks  7a7 ,9 g5]al ,n lat] ?an "o ye>  
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ! ,treasury %all issue rules
 e/abli%+ a cu/odial deposit program "u 
:i* a cov]$ bank may receive deposits f 
a qualify+ acc\nt4  7b7 ,requirem5ts ,9 
issu+ rules "u subsection 7a71 !        
,secret>y ( ! ,treasury %all-- 7#a7     
consult ) ! ,f$]al bank+ ag5cies2  7#b7 
ensure ea* cov]$ bank p>ticipat+ 9 !    
program e/abli%$ "u ?is section-- 7,a7  
has appropriate policies relat+ to      
managem5t ( assets1 includ+ measures to 
ensure ! safety & s\ndness ( ea* su*    
cov]$ bank2 &  7,b7 is compliant )      
applicable law2 &  7#c7 ensure1 to !    
ext5t practicable t ! rules d n conflict
 ) goals describ$ 9 section #cjh7;a7 ( !
 ,f9ancial ,in/itutions ,re=m1 ,recov]y1
 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4
 #adfc note74  7c7 ,limitations  7#a7   
,deposits ,) respect to ! funds ( an    
individual qualify+ acc\nt1 an entity   

may n deposit an am\nt great] ?an !     
insur$ am\nt 9 a s+le cov]$ bank4  7#b7 
,total deposits ,! total am\nt ( funds  
deposit$ 9 a cov]$ bank "u ! cu/odial   
deposit program describ$ "u ?is section 
may n exce$ ! less] (--  7,a7 #aj p]c5t 
( ! av]age am\nt ( deposits held by su* 
cov]$ bank 9 ! previ\s qu>t]2 or  7,b7  
#ajj1jjj1jjj 7z adju/$ = inflation74    
7d7 ,report ,ea* qu>t]1 ! ,secret>y ( ! 
,treasury %all submit to ,congress a    
report on ! implem5tation ( ! program   
e/abli%$ "u ?is section includ+         
in=mation id5tify+ p>ticipat+ cov]$     
banks & ! total am\nt ( deposits receiv$
 by cov]$ banks "u ! program4  7e7      
,def9itions ,9 ?is section3  7#a7 ,cov]$
 bank ,! t]m cov]$ bank means-- 7,a7 a  
m9ority depository in/itution t is well 
capitaliz$1 z def9$ by ! appropriate    
,f$]al bank+ ag5cy2 or  7,b7 a          
depository in/itution designat$ pursuant
 to section #e ( ! ,ensur+ ,div]sity 9  
,community ,bank+ ,act t is well        
capitaliz$1 z def9$ by ! appropriate    

,f$]al bank+ ag5cy4  7#b7 ,insur$ am\nt 
,! t]m insur$ am\nt means ! am\nt t is !
 great] (--  7,a7 ! /&>d maximum deposit
 insurance am\nt 7z def9$ 9 section     
#aa7;a77#a77;,e7 ( ! ,f$]al ,deposit    
,insurance ,act 7#ab ,u4,s4,c4          
#ahba7;a77#a77;,e7772 or  7,b7 su* high]
 am\nt negotiat$ betwe5 ! ,secret>y ( ! 
,treasury & ! ,f$]al ,deposit ,insurance
 ,corporation "u :i* ! ,corporation w   
insure all deposits ( su* high] am\nt4  
7#c7 ,f$]al bank+ ag5cies ,! t]ms       
appropriate ,f$]al bank+ ag5cy & ,f$]al 
bank+ ag5cies h ! mean+ giv5 ^? t]ms1   
respectively1 "u section #c ( ! ,f$]al  
,deposit ,insurance ,act4  7#d7         
,qualify+ acc\nt ,! t]m qualify+ acc\nt 
means any acc\nt e/abli%$ 9 ! ,dep>tm5t 
( ! ,treasury t--  7,a7 is controll$ by 
! ,secret>y2 &  7,b7 is expect$ to      
ma9ta9 a balance great] ?an #bjj1jjj1jjj
 = ! foll[+ #bd-mon? p]iod4  #ac4       
,/reaml9$ community developm5t f9ancial 
in/itution applications & report+  7a7  
,application processes ,n lat] ?an #ab  

mon?s aft] ! date ( ! enactm5t ( ?is    
,act & ) respect to any p]son hav+      
assets "u #c1jjj1jjj1jjj t submits an   
application = deposit insurance ) !     
,f$]al ,deposit ,insurance ,corporation 
t c\ld also become a community          
developm5t f9ancial in/itution1 ! ,f$]al
 ,deposit ,insurance ,corporation1 9    
consultation ) ! ,adm9i/rator ( !       
,community ,developm5t ,f9ancial        
,in/itutions ,fund1 %all-- 7#a7 develop 
sy/ems & proc$ures to record necess>y   
in=mation to all[ ! ,adm9i/rator to     
conduct prelim9>y analysis = su* p]son  
to also become a community developm5t   
f9ancial in/itution2 &  7#b7 develop    
proc$ures to /reaml9e ! application &   
annual c]tification processes & to r$uce
 co/s = su* p]son to become1 & ma9ta9   
c]tification z1 a community developm5t  
f9ancial in/itution4  7b7 ,implem5tation
 report ,n lat] ?an #ah mon?s aft] !    
date ( ! enactm5t ( ?is ,act1 ! ,f$]al  
,deposit ,insurance ,corporation %all   
submit to ,congress a report describ+ ! 

sy/ems & proc$ures requir$ "u subsection
 7a74  7c7 ,annual report  7#a7 ,9 g5]al
 ,section #ag7;a77#a7 ( ! ,f$]al        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbg7;a77#a77 is am5d$-- 7,a7 9        
subp>agraph 7,e71 by /rik+ & at ! end2  
7,b7 by r$esignat+ subp>agraph 7,f7 z   
subp>agraph 7,g72  7,c7 by ins]t+ aft]  
subp>agraph 7,e7 ! foll[+ new           
subp>agraph3  7,f7 applicants = deposit 
insurance t c\ld also become a community
 developm5t f9ancial in/itution 7z def9$
 9 section #ajc ( ! ,riegle ,community  
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid71 a m9ority depository     
in/itution 7z def9$ 9 section #cjh ( !  
,f9ancial ,in/itutions ,re=m1 ,recov]y1 
& ,en=cem5t ,act ( #aihi71 or an impact 
bank 7z designat$ pursuant to section #e
 ( ! ,ensur+ ,div]sity 9 ,community     
,bank+ ,act72 &  4  7#b7 ,application ,!
 am5dm5t made by ?is subsection %all    
apply ) respect to ! fir/ report to be  
submitt$ aft] ! date t is #b ye>s aft] !
 date ( ! enactm5t ( ?is ,act4  #ad4    

,task =ce on l5d+ to small bus9ess      
conc]ns  7a7 ,9 g5]al ,n lat] ?an #f    
mon?s aft] ! date ( ! enactm5t ( ?is    
,act1 ! ,adm9i/rator ( ! ,small ,bus9ess
 ,adm9i/ration %all e/abli% a task =ce  
to exam9e me?ods = improv+ relation%ips 
betwe5 ! ,small ,bus9ess ,adm9i/ration &
 community developm5t f9ancial          
in/itutions1 m9ority depository         
in/itutions1 & ,impact ,banks to        
increase ! volume ( loans provid$ by su*
 in/itutions to small bus9ess conc]ns 7z
 def9$ "u section #c ( ! ,small ,bus9ess
 ,act 7#ae ,u4,s4,c4 #fcb774  7b7       
,report to ,congress ,n lat] ?an #ah    
mon?s aft] ! e/abli%m5t ( ! task =ce    
describ$ 9 subsection 7a71 !            
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration %all submit to ,congress a
 report on ! f9d+s ( su* task =ce4  #ae4
 ,discretion>y surplus funds  7a7 ,9    
g5]al ,subp>agraph 7,a7 ( section       
#g7;a77#c7 ( ! ,f$]al ,res]ve ,act 7#ab 
,u4,s4,c4 #bhi7;a77#c77;,a77 is am5d$ by
 r$uc+ ! doll> figure describ$ 9 su*    

subp>agraph by #a1djj1jjj1jjj4  7b7     
,effective date ,! am5dm5t made by      
subsection 7a7 %all take effect on      
,septemb] #cj1 #bjcj4  #af4 ,det]m9ation
 ( ,budget>y ,effects ,! budget>y       
effects ( ?is ,act1 = ! purpose (       
comply+ ) ! ,/atutory ,pay-,z-,y-,g ,act
 ( #bjaj1 %all be det]m9$ by ref]5ce to 
! late/ /atem5t titl$ ,budget>y ,effects
 ( ,,paygo ,legislation = ?is ,act1     
submitt$ = pr9t+ 9 ! ,congressional     
,record by ! ,*airman ( ! ,h\se ,budget 
,committee1 provid$ t su* /atem5t has   
be5 submitt$ prior to ! vote on passage4
  ,pass$ ! ,h\se ( ,repres5tatives      
,septemb] #ba1 #bjbj4;,cl]k4