,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fhhh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ae1 #bjbj,ms4   
,adams 7= h]self & ,ms4 ,wat]s7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,small ,bus9ess  ,a    
,,bill  ,to modify requirem5ts relat+ to
 ! p>ticipation ( community developm5t  
f9ancial in/itutions 9 ! pay*eck        
protection program ( ! ,small ,bus9ess  
,adm9i/ration1 & = o!r purposes4  #a4   
,p>ticipation ( community developm5t    
f9ancial in/itutions 9 ! pay*eck        
protection program  7a7 ,delegat$       
au?ority ,section #g7;a77#cf77;,f7 ( !  
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a77#cf77;,f77 is am5d$-- 7#a7 9   
clause 7ii77,i71 by ins]t+ & a community
 developm5t f9ancial in/itution aft] "u 
?is subsection2  7#b7 9 clause 7iii71 by
 /rik+ %all be ext5d$ to additional     
l5d]s & ins]t+ ! foll[+3 %all be        
ext5d$-- 7,i7 to community developm5t   
f9ancial in/itutions2 &  7,,ii7 to      
additional l5d]s  2 &  7#c7 by add+ at !

 end ! foll[+ new clause3  7vi7         
,revocation ( l5d]s ,! au?ority ( a l5d]
 to make loans "u ?is p>agraph may be   
revok$ ^u a jo9t det]m9ation by !       
,adm9i/rator & ! ,secret>y ( ! ,treasury
 t-- 7,i7 su* l5d] has _h rec5t         
compliance %ortcom+s or o!r mat]ial     
op]ational %ortcom+s t w>rant su* a     
revocation2 &  7,,ii7 su* a revocation  
is consi/5t ) ! purpose ( ?is p>agraph4 
4  7b7 ,exi/+ cu/om]s ( non-,bank       
,c,d,f,is ,! ,secret>y ( ! ,treasury & !
 ,adm9i/rator ( ! ,small ,bus9ess       
,adm9i/ration %all revise any rules or  
guidance issu$ to c>ry out section      
#g7;a77#cf7 ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fcf7;a77#cf77 to specify
 t a non-bank ,,cdfi does n h to g ?r\gh
 a rev]ification ( in=mation ab\t an    
exi/+ cu/om] = purposes ( ! ,bank       
,secrecy ,act1 if ! non-bank ,,cdfi has 
ma9ta9$ an ongo+ f9ancial relation%ip ) 
! cu/om] t is well docum5t$1 & !re is no
 ne$ = fur!r due dilig5ce bas$ on !     
non-bank ,,cdfi's risk-bas$ approa* to  

,bank ,secrecy ,act compliance4  7c7    
,def9itions ,9 ?is ,act3 7#a7 ,bank     
,secrecy ,act ,! t]m ,bank ,secrecy ,act
 means-- 7,a7 section #ba ( ! ,f$]al    
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbi;b72  7,b7 *apt] #b ( title ,i (   
,public ,law #ia-ejh 7#ab ,u4,s4,c4     
#aiea et seq472 &  7,c7 sub*apt] ,,ii ( 
*apt] #ec ( title #ca1 ,unit$ ,/ates    
,code2  7#b7 ,community developm5t      
f9ancial in/itution ,! t]m community    
developm5t f9ancial in/itution has !    
mean+ giv5 t t]m "u section #ajc ( !    
,riegle ,community ,developm5t &        
,regulatory ,improvem5t ,act ( #aiid    
7#ab ,u4,s4,c4 #dgjb74  7#c7 ,non-bank  
,,cdfi ! t]m non-bank ,,cdfi means a    
community developm5t f9ancial in/itution
 t is n an insur$ depository in/itution 
or insur$ cr$it union4