#aag? ,,congress #b;d ,session ,h4 ,r4 #bedc ,,an ,,act ,to am5d ! ,f$]al ,res]ve ,act to add additional demographic report+ requirem5ts1 to modify ! goals ( ! ,f$]al ,res]ve ,sy/em1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,s]vices ,racial ,equity1 ,inclusion1 & ,economic ,ju/ice ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,title ,i--,equity 9 ,monet>y ,policy ,sec4 #aja4 ,duty to m9imize & elim9ate racial disp>ities4 ,sec4 #ajb4 ,appe>ances be=e & reports to ! ,congress4 ,title ,,ii--,div]sity ,data ,collection & ,report+ ,subtitle ,a--,div]sity & ,inclusion ,data ,acc\ntability & ,transp>5cy ,sec4 #baa4 ,disclosures by regulat$ entities4 ,subtitle ,b--,,lgbtq ,bus9ess ,equal ,cr$it ,en=cem5t & ,inve/m5t ,sec4 #bba4 ,small bus9ess loan data collection4 ,title ,,iii--,access to ,h\s+ & ,l5d+ ,subtitle ,a--,improv+ ,language ,access 9 ,mortgage ,s]vic+ ,sec4 #caa4 ,f9d+s4 ,sec4 #cab4 ,language access requirem5ts & res\rces4 ,subtitle ,b--,fair ,l5d+ = ,all ,sec4 #cba4 ,(fice ( ,fair ,l5d+ ,te/+4 ,sec4 #cbb4 ,prohibition on cr$it discrim9ation4 ,sec4 #cbc4 ,crim9al p5alties = violations ( ! ,equal ,cr$it ,opportunity ,act4 ,sec4 #cbd4 ,review ( loan applications4 ,sec4 #cbe4 ,mortgage data collection4 ,subtitle ,c--,promot+ & ,advanc+ ,communities ( ,color ,?r\gh ,inclusive ,l5d+ ,sec4 #cca4 ,/r5g!n+ div]se & mission-driv5 community f9ancial in/itutions4 ,sec4 #ccb4 ,capital inve/m5ts1 grants1 & te*nology support = ,m,d,is & ,c,d,f,is4 ,sec4 #ccc4 ,support+ ,"y ,entrepr5eurs ,program4 ,sec4 #ccd4 ,map ( m9ority depository in/itutions & community developm5t f9ancial in/itutions4 ,sec4 #cce4 ,report on c]tifi$ community developm5t f9ancial in/itutions4 ,sec4 #ccf4 ,consultation & m9imization ( data reque/s4 ,sec4 #ccg4 ,access to ! disc\nt w9d[ ( ! ,f$]al ,res]ve ,sy/em = ,m,d,is & ,c,d,f,is4 ,sec4 #cch4 ,/udy on securitization by ,c,d,f,is4 ,title ,,iv--,div]sity 9 ,f9ancial ,in/itutions & ,corporations ,subtitle ,a--,promot+ ,new & ,div]se ,depository ,in/itutions ,sec4 #daa4 ,/udy & /rategic plan4 ,subtitle ,b--,promot+ ,div]sity & ,inclusion 9 ,bank+ ,sec4 #dba4 ,div]sity & inclusion rat+s4 ,subtitle ,c--,improv+ ,corporate ,gov]nance ,?r\gh ,div]sity ,sec4 #dca4 ,submission ( data relat+ to div]sity by issu]s4 ,sec4 #dcb4 ,div]sity advisory gr\p4 ,subtitle ,d--,ensur+ ,div]sity 9 ,community ,bank+ ,sec4 #dda4 ,%ort title4 ,sec4 #ddb4 ,s5se ( ,congress on fund+ ! loan-loss res]ve fund = small doll> loans4 ,sec4 #ddc4 ,def9itions4 ,sec4 #ddd4 ,inclusion ( wom5's banks 9 ! def9ition ( m9ority depository in/itution4 ,sec4 #dde4 ,e/abli%m5t ( impact bank designation4 ,sec4 #ddf4 ,m9ority ,depositories ,advisory ,committees4 ,sec4 #ddg4 ,f$]al deposits 9 m9ority depository in/itutions4 ,sec4 #ddh4 ,m9ority ,bank ,deposit ,program4 ,sec4 #ddi4 ,div]sity report & be/ practices4 ,sec4 #dej4 ,inve/m5ts 9 m9ority depository in/itutions & impact banks4 ,sec4 #dea4 ,report on cov]$ m5tor-protege programs4 ,sec4 #deb4 ,cu/odial deposit program = cov]$ m9ority depository in/itutions & impact banks4 ,sec4 #dec4 ,/reaml9$ community developm5t f9ancial in/itution applications & report+4 ,sec4 #ded4 ,task =ce on l5d+ to small bus9ess conc]ns4 ,subtitle ,e--,exp&+ ,opportunity = ,m9ority ,depository ,in/itutions ,sec4 #dfa4 ,e/abli%m5t ( ,f9ancial ,ag5t ,m5tor-,protg ,program4 ,title ,v--,community ,developm5t ,subtitle ,a--,,cdfi ,bond ,gu>antee ,program ,improvem5t ,sec4 #eaa4 ,s5se ( ,congress4 ,sec4 #eab4 ,gu>antees = bonds & notes issu$ = community or economic developm5t purposes4 ,sec4 #eac4 ,report on ! ,,cdfi bond gu>antee program4 ,subtitle ,b--,exp&+ ,f9ancial ,access = ,und]s]v$ ,communities ,sec4 #eba4 ,cr$it union s]vice to und]s]v$ areas4 ,sec4 #ebb4 ,memb] bus9ess l5d+ 9 und]s]v$ areas4 ,sec4 #ebc4 ,und]s]v$ area def9$4 ,sec4 #ebd4 ,reports by ! ,national ,cr$it ,union ,adm9i/ration4 ,sec4 #ebe4 ,rule ( con/ruction4 ,title ,,vi--,ensur+ ,div]se ,lead]%ip ( ! ,f$]al ,res]ve ,sec4 #fja4 ,%ort title4 ,sec4 #fjb4 ,congressional ,f9d+s4 ,sec4 #fjc4 ,f$]al res]ve bank presid5ts4 ,sec4 #fjd4 ,te*nical adju/m5ts4 ,title ,,vii--,/udy+ ,b>ri]s to ,h\s+ ,sec4 #gja4 ,%ort title4 ,sec4 #gjb4 ,,gao /udy & report on r$uc+ homelessness ?r\gh public h\s+ & section #h r5tal assi/ance4 ,title ,,viii--,/ate ( ,h\s+ 9 ! ,unit$ ,/ates ,sec4 #hja4 ,int]ag5cy work+ gr\p reports4 ,sec4 #hjb4 ,te/imony on ! /ate ( h\s+ af=dability & supply4 ,title ,,xi--,report on h\s+ = ,,lgbtq p]sons ,sec4 #ija4 ,,hud report4 ,title ,x--,exp&+ ,access to ,cr$it ?r\gh ,consum]-,p]mission$ ,data ,sec4 #ajja4 ,%ort title4 ,sec4 #ajjb4 ,f9d+s4 ,sec4 #ajjc4 ,requirem5t to consid] additional cr$it in=mation :5 mak+ mortgage loans4 ,title ,,xi--,paym5t ,*oice ,sec4 #aaja4 ,%ort title4 ,sec4 #aajb4 ,s5se ( congress4 ,sec4 #aajc4 ,retail bus9esses prohibit$ f refus+ ca% paym5ts4 ,i ,equity 9 ,monet>y ,policy #aja4 ,duty to m9imize & elim9ate racial disp>ities ,! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bba et seq47 is am5d$ by ins]t+ aft] section #b;,b ! foll[+3 #b;,c4 ,duty to m9imize & elim9ate racial disp>ities ,! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,f$]al ,op5 ,m>ket ,committee %all ex]cise all duties & functions 9 a mann] t fo/]s ! elim9ation ( disp>ities across racial & e?nic gr\ps ) respect to employm5t1 income1 weal?1 & access to af=dable cr$it1 includ+ actions 9 c>ry+ out-- 7#a7 monet>y policy2 7#b7 regulation & sup]vision ( banks1 ?rifts1 bank hold+ companies1 sav+s & loan hold+ companies1 & nonbank f9ancial companies & sy/emically important f9ancial m>ket utilities designat$ by ! ,f9ancial ,/ability ,ov]sight ,c\ncil2 7#c7 op]ation ( paym5t sy/ems2 7#d7 implem5tation ( ! ,community ,re9ve/m5t ,act ( #aigg2 7#e7 en=cem5t ( fair l5d+ laws2 & 7#f7 community developm5t functions4 4 #ajb4 ,appe>ances be=e & reports to ! ,congress 7a7 ,section #b;,b ( ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bbe;b7 is am5d$-- 7#a7 9 subsection 7a77#a7-- 7,a7 9 subp>agraph 7,a71 by /rik+ & at ! end2 & 7,b7 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 economic developm5ts & prospects = ! future describ$ 9 ! report requir$ 9 subsection 7b71 includ+ a discussion ( disp>ities 9 employm5t1 income1 & weal? across racial & e?nic gr\ps z well z o!r specific segm5ts ( ! population2 & 7,c7 plans1 activities1 & actions ( ! ,bo>d & ! ,f$]al ,op5 ,m>ket ,committee to m9imize & elim9ate disp>ities across racial & e?nic gr\ps ) respect to employm5t1 wages1 weal?1 & access to af=dable cr$it pursuant to section #b;,c4 2 & 7#b7 9 subsection 7b7-- 7,a7 by /rik+ ,! ,bo>d & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,! ,bo>d 2 & 7,b7 by add+ at ! end ! foll[+3 7#b7 ,tr5d in=mation 7,a7 ,9 g5]al ,ea* report requir$ "u p>agraph 7#a7 %all include rec5t tr5ds 9 ! unemploym5t rate1 labor =ce p>ticipation rate1 employm5t to population ratio1 m$ian h\sehold income1 & *ange 9 real e>n+s4 7,b7 ,demographic in=mation ,! tr5ds requir$ to be report$ "u subp>agraph 7,a7 %all include-- 7i7 a comp>ison among diff]5t demographic gr\ps1 includ+ race1 e?nicity1 g5d]1 individuals ) dep5d5t *ildr5 "u ! age ( #ah 7to ! ext5t possible71 educational atta9m5t1 age1 disability 7z su* t]m is def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij71 & %all also provide cross-sectional data on ! int]action betwe5 ^! gr\ps & note any /ati/ically significant f9d+s1 to ! ext5t available2 & 7ii7 data disaggregat$ by e?nic subgr\p1 to ! ext5t available4 7,c7 ,e?nic subgr\p def9$ ,! t]m e?nic subgr\p means a social gr\p t-- 7i7 has a di/9ct social1 racial1 geographic1 national orig91 or cultural id5tity2 & 7ii7 is susceptible to be+ disadvantag$4 4 7b7 ,! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 9 consultation ) ! ,f$]al ,deposit ,insurance ,corporation1 ! ,(fice ( ! ,comptroll] ( ! ,curr5cy1 ! ,national ,cr$it ,union ,adm9i/ration1 & ! ,bureau ( ,consum] ,f9ancial ,protection1 %all issue a report to ,congress conta9+ ! plans1 activities1 & actions ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em to m9imize & elim9ate disp>ities across racial & e?nic gr\ps ) respect to access to f9ancial products = ! purpose ( re/oration1 r5ovations1 or repair foll[+ a f$]ally-decl>$ disa/]4 ,,ii ,div]sity ,data ,collection & ,report+ ,a ,div]sity & ,inclusion ,data ,acc\ntability & ,transp>5cy #baa4 ,disclosures by regulat$ entities ,section #cdb7;b7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #edeb7;b77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,disclosures by regulat$ entities ,! ,director ( ea* ,(fice %all require entities ) #ajj employees or great] regulat$ by ! applicable ag5cy to provide su* in=mation z may be requir$ to c>ry out ! duties ( ! ,director4 4 ,b ,,lgbtq ,bus9ess ,equal ,cr$it ,en=cem5t & ,inve/m5t #bba4 ,small bus9ess loan data collection 7a7 ,9 g5]al ,section #gjd;,b ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia;c-#b7 is am5d$-- 7#a7 by ins]t+ ,,lgbtq-own$1 aft] m9ority-own$1 ea* place su* t]m appe>s2 7#b7 9 subsection 7e77#b77;,g71 by ins]t+ 1 sexual ori5tation1 g5d] id5tity aft] sex2 & 7#c7 9 subsection 7h71 by add+ at ! end ! foll[+3 7#g7 ,,lgbtq-own$ bus9ess ,! t]m ,,lgbtq-own$ bus9ess means a bus9ess-- 7,a7 m ?an #ej p]c5t ( ! own]%ip or control ( :i* is held by #a or m individuals self-id5tify+ z lesbian1 gay1 bisexual1 transg5d]1 or que]2 & 7,b7 m ?an #ej p]c5t ( ! net pr(it or loss ( :i* accrues to #a or m individuals self-id5tify+ z lesbian1 gay1 bisexual1 transg5d]1 or que]4 4 7b7 ,s5se ( ,congress ,x is ! s5se ( ! ,congress t ! t]m sex1 z us$ )9 ! ,equal ,cr$it ,opportunity ,act1 includes an individual's sexual ori5tation & g5d] id5tity1 & t ?is section1 9 "p1 cl>ifies t ! sex1 sexual ori5tation1 & g5d] id5tity ( ! pr9cipal own]s ( a bus9ess %\ld be collect$ "u section #gjd;,b ( ! ,equal ,cr$it ,opportunity ,act z ?ree sep>ate =ms ( in=mation4 ,,iii ,access to ,h\s+ & ,l5d+ ,a ,improv+ ,language ,access 9 ,mortgage ,s]vic+ #caa4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,h\s+ is ! l>ge/ portion ( mo/ h\sehold budgets 9 ! ,unit$ ,/ates & !re=e a f\ndational compon5t ( f9ancial access & opportunity4 7#b7 ,due 9 "p to a legacy ( discrim9ation 9 ! ,unit$ ,/ates1 p ( color are disproportionately exp]i5c+ homelessness1 are disproportionately r5t+1 & disproportionately pay+ unaf=dable r5ts1 :i* acts z a b>ri] to home[n]%ip4 7#c7 ,access to fair & af=dable h\s+1 bo? r5tal & home[n]%ip opportunities1 is critical to upw>d economic mobility4 ,?is includes address+ language b>ri]s 9 mortgage s]vic+ to ensure borr[]s h culturally s5sitive1 9-language access to critical l5d+ in=mation1 c ent] into fair & su/a9able home[n]%ip1 & pres]ve _! home equity4 #cab4 ,language access requirem5ts & res\rces 7a7 ,9 g5]al ,*apt] #b ( title ,i ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afca et seq47 is am5d$ by ins]t+ aft] section #abi;,h ! foll[+3 #abi;,i4 ,language access requirem5ts4 7a7 ,/&>d language pref]5ce =m ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is section1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all1 aft] consult+ ) ! ,secret>y ( ,agriculture1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,vet]ans ,affairs1 & ! ,commission] ( ! ,f$]al ,h\s+ ,au?ority1 issue a rule e/abli%+ a /&>d language pref]5ce =m t includes a /&>d language pref]5ce "q ask$ 9 ea* ( ! #h languages mo/ commonly spok5 by individuals ) limit$ ,engli% pr(ici5cy1 z det]m9$ by ! ,director ( ! ,bureau us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus4 7b7 ,requirem5ts = cr$itors 7#a7 ,use ( /&>d language pref]5ce =m by cr$itors 7,a7 ,inclusion 9 application ,ea* cr$itor %all include1 z "p ( ! application package us$ 9 connection ) a resid5tial mortgage loan1 ! /&>d language pref]5ce =m e/abli%$ by ! ,director ( ! ,bureau "u subsection 7a74 7,b7 ,inclusion ( disclosure ,ea* cr$itor may include ) su* /&>d language pref]5ce =m a disclosure /at+ t-- 7i7 docum5ts & s]vices may n be available 9 ! pref]r$ language indicat$ by ! consum] on ! /&>d language pref]5ce =m2 & 7ii7 ! ,engli% v]sion ( any docum5t to :i* su* =m applies is ! (ficial & op]ative docum5t & ! translat$ v]sion is = in=mational purposes only4 7,c7 ,docum5tation & transf] ( pref]r$ language in=mation ,if a cr$itor receives in=mation ab\t a language pref]5ce ( a consum] ?r\gh ! /&>d language pref]5ce =m f ano!r cr$itor or a s]vic] or a borr[]1 su* cr$itor %all docum5t ?is language pref]5ce 9 ea* file & electronic file ( in=mation associat$ ) su* consum] & %all transf] su* in=mation & ! /&>d language pref]5ce =m to any s]vic] ( ! loan4 7#b7 ,provision ( translat$ docum5ts ,if a ,f$]al ag5cy or a ,/ate or local ag5cy 9 ! ,/ate or locality 9 :i* ! resid5tial prop]ty is locat$ has produc$ a translation ( a docum5t us$ 9 association ) ! orig9ation ( a resid5tial mortgage loan 9 ! pref]r$ language ( a consum] docum5t$ by a cr$itor pursuant to p>agraph 7#a77;,c71 su* cr$itor %all-- 7,a7 provide su* translat$ docum5t 9 addition to any ,engli% v]sion ( su* docum5t t is provid$ to su* consum] :o indicat$ su* pref]r$ language2 & 7,b7 include 9 ! ,engli% & translat$ v]sions-- 7i7 a notice indicat+ t ! ,engli% v]sion ( su* docum5t is ! (ficial & op]ative docum5t & ! translat$ v]sion is = in=mational purposes only2 7ii7 ! website e/abli%$ "u p>agraph 7#f72 & 7iii7 a notice ( any available oral int]pretation s]vices describ$ 9 p>agraph 7#c74 7#c7 ,oral int]pretation s]vices 7,a7 ,9 g5]al ,if a cr$itor receives in=mation ab\t a language pref]5ce ( a consum] ?r\gh ! /&>d language pref]5ce =m f ano!r cr$itor or a s]vic] or a borr[]1 su* cr$itor %all provide oral int]pretation to su* consum]4 7,b7 ,cr$itor-provid$ oral int]pretation s]vices ,if a cr$itor is requir$ "u subp>agraph 7,a7 to provide oral int]pretation to a consum]1 su* cr$itor-- 7i7 %all ensure qualifi$ oral int]pretation s]vices1 z def9$ by ! ,director ( ! ,bureau1 are made available 9 ! pref]r$ language ( ! borr[] = all oral communications betwe5 ! cr$itor & ! borr[]2 & 7ii7 may provide su* s]vices ?r\gh qualifi$ /aff ( ! cr$itor or a ?ird p>ty4 7,c7 ,am]ican ,sign ,language ,int]pretation ,s]vices ,if a cr$itor is requir$ "u subp>agraph 7,a7 to provide oral int]pretation s]vices to a consum]1 & if su* consum] has indicat$ a pref]5ce = ,am]ican ,sign ,language1 su* cr$itor %all ensure qualifi$ ,am]ican ,sign ,language int]pretation s]vices1 z def9$ by ! ,director ( ! ,bureau1 are made available to ! consum] = all oral communications betwe5 su* cr$itor & ! consum]1 :]e su* ,am]ican ,sign ,language int]pretation s]vices may be provid$ by qualifi$ /aff ( ! cr$itor or a qualifi$ ?ird p>ty4 7#d7 ,notice ( available language s]vices ,if a cr$itor receives in=mation ab\t a language pref]5ce ( a consum] ?r\gh ! /&>d language pref]5ce =m f ano!r cr$itor or a s]vic] or a borr[]1 su* cr$itor %all n lat] ?an #cj bus9ess days aft] receiv+ su* in=mation & n less ?an #ad days be=e any clos+1 notify su* consum] 9 writ+1 9 ! pref]r$ language ( ! consum]1 ( any language s]vices available1 includ+ ! s]vices describ$ 9 p>agraphs 7#b7 & 7#c74 7#e7 ,transf] ( language pref]5ce in=mation ,if a cr$itor transf]s ! s]vic+ associat$ ) a resid5tial mortgage loan1 su* cr$itor %all notify ! transf]ee s]vic] at ! "t ( transf] ( any kn[n language pref]5ce ( ! consum] associat$ ) su* resid5tial mortgage loan4 7#f7 ,in=mation on website ,ea* cr$itor %all publi% on ! website ( ! cr$itor-- 7,a7 l9ks to & explanatory in=mation ab\t ! websites ma9ta9$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection t id5tify h\s+ c\nselors approv$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 7,b7 a l9k to & explanatory in=mation ab\t ! language res\rces website e/abli%$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs "u section #cab7;f7 ( ! ,f9ancial ,s]vices ,racial ,equity1 ,inclusion1 & ,economic ,ju/ice ,act4 7c7 ,translation ( mortgage docum5ts ,) respect to ea* docum5t publi%$ by ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 ! ,dep>tm5t ( ,vet]ans ,affairs1 & ! ,dep>tm5t ( ,agriculture & us$ 9 association ) a resid5tial mortgage loan1 includ+ orig9ation & s]vic+ docum5ts1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all jo9tly-- 7#a7 n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is section1 publi% v]sions ( su* docum5ts translat$ into ea* ( ! #h languages mo/ commonly spok5 by individuals ) limit$ ,engli% pr(ici5cy1 z det]m9$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus2 & 7#b7 n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is section1 publi% v]sions ( su* docum5ts translat$ into at lea/ #d additional languages spok5 by individuals ) limit$ ,engli% pr(ici5cy t are regionally preval5t 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus4 7d7 ,rulemak+ ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all1 n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is section1 issue regulations to implem5t ?is section t %all take effect n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is section4 4 7b7 ,requirem5ts = ,s]vic]s ,section #f ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd is am5d$ by add+ at ! end ! foll[+3 7n7 ,language access requirem5ts 7#a7 ,9 g5]al 7,a7 ,inclusion 9 notices ,ea* s]vic] %all include ! /&>d language pref]5ce =m e/abli%$ by ! ,director ( ! ,bureau "u subsection 7a7 )-- 7i7 any notice requir$ "u section #ajbd4ci7;b7 ( title #ab1 ,code ( ,f$]al ,regulations2 7ii7 any notice requir$ "u section #e7;c72 7iii7 any notice requir$ "u section #ajbd4da7;b77#b7 ( title #ab1 ,code ( ,f$]al ,regulations2 7iv7 any notice requir$ "u section #ajbd4da7;c77#b77;iii7 ( title #ab1 ,code ( ,f$]al ,regulations2 & 7v7 any o!r additional notice z ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection det]m9es necess>y4 7,b7 ,inclusion ( disclosures ,a s]vic] may include ) ! /&>d language pref]5ce =m a disclosure /at+ t docum5ts & s]vices may n be available 9 ! pref]r$ language ( ! borr[] indicat$ by ! consum] on ! /&>d language pref]5ce =m4 7,c7 ,docum5tation & transf] ( pref]r$ language in=mation ,if a s]vic] receives in=mation ab\t a language pref]5ce ( a borr[] ?r\gh ! /&>d language pref]5ce =m f ano!r s]vic] or cr$itor or f ! borr[]1 su* s]vic] %all docum5t ?is language pref]5ce 9 ea* file or electronic file ( in=mation associat$ ) su* borr[]4 7#b7 ,requir$ language s]vices = s]vic]s 7,a7 ,provision ( translat$ docum5ts ,if a ,f$]al ag5cy1 or a ,/ate or local ag5cy 9 ! ,/ate or locality 9 :i* ! prop]ty secur+ ! f$]ally relat$ mortgage loan is to be locat$ has produc$ a translation ( a docum5t us$ 9 association ) ! s]vic+ ( a f$]ally relat$ mortgage loan 9 ! pref]r$ language ( a borr[] z docum5t$ by ! s]vic] pursuant to p>agraph 7#a77;,c71 ! s]vic] %all-- 7i7 provide su* translat$ docum5t 9 addition to any ,engli% v]sion ( su* docum5t t is provid$ to su* borr[]2 & 7ii7 include a notice on ! ,engli% & translat$ v]sions1 9 ! pref]r$ language ( ! borr[]1 indicat+ t ! ,engli% v]sion is ! (ficial & op]ative docum5t & ! translat$ v]sion is = in=mational purposes only4 7,b7 ,oral int]pretation s]vices 7i7 ,9 g5]al ,if a s]vic] receives in=mation ab\t a language pref]5ce ( a borr[] ?r\gh ! /&>d language pref]5ce =m f ano!r cr$itor or a s]vic] or f ! borr[]1 su* s]vic] %all provide oral int]pretation to su* borr[]4 7ii7 ,oral int]pretation s]vices ,if a s]vic] is requir$ "u subp>agraph 7,a7 to provide oral int]pretation s]vices to a borr[]1 su* s]vic]-- 7,i7 %all ensure qualifi$ oral int]pretation s]vices1 z def9$ by ! ,director ( ! ,bureau1 are made available 9 ! pref]r$ language ( ! borr[] = all oral communications betwe5 ! s]vic] & ! borr[]2 & 7,,ii7 may provide su* s]vices ?r\gh qualifi$ /aff ( ! borr[] or a qualifi$ ?ird p>ty4 7#c7 ,notice ( available language s]vices ,if a s]vic] receives in=mation ab\t a language pref]5ce ( a borr[] ?r\gh ! /&>d language pref]5ce =m f ano!r cr$itor or a s]vic] or f ! borr[]1 su* s]vic] %all1 n lat] ?an #cj bus9ess days aft] receiv+ su* in=mation & n less ?an #cj days be=e any =eclosure sale ( ! prop]ty secur$ by ! f$]ally relat$ mortgage loan ( ! borr[]1 notify su* borr[] 9 writ+1 9 ! pref]r$ language ( ! borr[]1 ( any language s]vices available1 includ+ ! s]vices requir$ "u p>agraph 7#b74 7#d7 ,transf] ( language pref]5ce in=mation ,if a s]vic] transf]s ! s]vic+ associat$ ) a f$]ally relat$ mortgage loan1 su* s]vic] %all notify ! transf]ee s]vic] at ! "t ( ! transf] ( s]vic+ ( any kn[n language pref]5ce ( ! borr[] associat$ ) su* f$]ally relat$ mortgage loan4 7#e7 ,/&>d language pref]5ce =m def9$ ,! t]m /&>d language pref]5ce =m means ! /&>d language pref]5ce =m e/abli%$ by ! ,director ( ! ,bureau "u section #abi;,i ( ! ,tru? 9 ,l5d+ ,act4 7#f7 ,in=mation on website ,ea* s]vic] %all publi% on its website1 9 a cle> & conspicu\s mann]-- 7,a7 l9ks to & in=mation ab\t ! websites ma9ta9$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection t id5tify h\s+ c\nselors approv$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t2 & 7,b7 a l9k to & in=mation ab\t ! language res\rces website e/abli%$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs "u section #cab7;f7 ( ! ,f9ancial ,s]vices ,racial ,equity1 ,inclusion1 & ,economic ,ju/ice ,act4 7#g7 ,translation ( mortgage docum5ts ,) respect to ea* docum5t publi%$ by ! ,f$]al ,h\s+ ,f9ance ,ag5cy & ! ,bureau ( ,consum] ,f9ancial ,protection1 & us$ 9 association ) a f$]ally relat$ mortgage loan1 includ+ orig9ation & s]vic+ docum5ts1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all1 jo9tly-- 7,a7 n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is section1 publi% v]sions ( su* docum5ts translat$ into ea* ( ! #h languages mo/ commonly spok5 by individuals ) limit$ ,engli% pr(ici5cy1 z det]m9$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus2 & 7,b7 n lat] ?an #c ye>s aft] ! date ( ! enactm5t ( ?is section1 publi% v]sions ( su* docum5ts translat$ into at lea/ #d additional languages spok5 by individuals ) limit$ ,engli% pr(ici5cy t are regionally preval5t 9 ! ,unit$ ,/ates1 z det]m9$ by ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus4 7#h7 ,rulemak+ ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all issue regulations to implem5t ?is subsection4 ,a f9al rule %all be issu$ by ! ,director n lat] ?an #ab mon?s aft] ! date ( enactm5t ( ?is subsection1 & ! effective date %all be n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is subsection4 4 7c7 ,cl]ical am5dm5t ,! table ( sections 9 *apt] #b ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afca et seq7 is am5d$ by ins]t+ aft] ! item relat+ to section #abi;,h ! foll[+3 #abi;,i4 ,pref]r$ language requirem5ts4 4 7d7 ,report ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is section1 & ea* ye> !reaft]1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs %all submit a report to ! ,congress t conta9s-- 7#a7 regulatory recomm5dations to enhance mortgage orig9ation & s]vic+ processes = p]sons ) a pref]r$ language t is n ,engli%2 7#b7 a description ( any legislative *anges ne$$ to provide au?ority necess>y to implem5t ! regulatory recomm5dations2 & 7#c7 a description ( any progress on ! implem5tation ( any legislative or regulatory recomm5dation made 9 a previ\s report4 7e7 ,community f9ancial in/itutions report ,n lat] ?an #b ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all /udy & report to ,congress on ! effects ( ! implem5tation ( ?is section & ! am5dm5ts made by ?is section on insur$ depository in/itutions ) less ?an #aj1jjj1jjj1jjj 9 total assets1 & ! communities !y s]ve1 along ) any regulatory or legislative recomm5dations to advance ! purposes ( ?is section4 7f7 ,language res\rce website 7#a7 ,9 g5]al ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs %all jo9tly n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is section e/abli% & ma9ta9 a website t provides language res\rces = cr$itors1 s]vic]s1 & consum]s4 7#b7 ,website requirem5ts ,! website develop$ pursuant to p>agraph 7#a7 %all include-- 7,a7 ! translations ( docum5ts publi%$ pursuant to section #abi;,i7c7 ( ! ,tru? 9 ,l5d+ ,act & section #f7n77#g7 ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd2 7,b7 a gloss>y ( t]ms relat+ to resid5tial mortgage loans & f$]ally relat$ mortgage loans1 provid$ 9 ea* commonly spok5 language2 7,c7 guidance = cr$itors & s]vic]s work+ ) p]sons :o h a pref]r$ language t is n ,engli%2 & 7,d7 examples ( notices t may be us$ by cr$itors & s]vic]s to in=m p]sons ( available language s]vices1 provid$ 9 accordance ) section #f7n77#b7 ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd & section #abi;,i ( ! ,tru? 9 ,l5d+ ,act4 7g7 ,advisory gr\p 7#a7 ,9 g5]al ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all e/abli% an advisory gr\p consi/+ ( /akehold]s1 includ+ indu/ry gr\ps1 consum] gr\ps1 civil rights gr\ps1 & gr\ps t h exp]i5ce improv+ language access 9 h\s+ f9ance transactions1 to provide advice to ! ,director ab\t-- 7,a7 issues t arise relat+ to mortgage orig9ation & s]vic+ processes = p]sons ) a pref]r$ language t is n ,engli%2 7,b7 ! developm5t ( ! /&>d language pref]5ce =m by ! ,director "u section #abi;,i7a7 ( ! ,tru? 9 ,l5d+ ,act2 & 7,c7 updates to ! language res\rce website e/abli%$ by ! ,director1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,secret>y ( ,agriculture1 & ! ,secret>y ( ,vet]ans ,affairs "u subsection 7f74 7#b7 ,requir$ consult+ ,! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all consult ) ! advisory gr\p e/abli%$ pursuant to p>agraph 7#a7 ) respect to any issues t arise relat+ to mortgage orig9ation & s]vic+ processes = p]sons ) a pref]r$ language t is n ,engli%4 7h7 ,h\s+ c\nsel+ ag5cy language res\rces 7#a7 ,enhanc$ se>* capabilities ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is section-- 7,a7 ! ,secret>y %all update ! website ma9ta9$ by ! ,secret>y t id5tifies h\s+ c\nselors approv$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 to all[ = se>*+ = h\s+ c\nsel+ ag5cies bas$ on provid$ language s]vices2 & 7,b7 ! ,director %all update ! website ma9ta9$ by ! ,director t id5tifies h\s+ c\nselors approv$ by ! ,secret>y to all[ = se>*+ = h\s+ c\nsel+ ag5cies bas$ on provid$ language s]vices4 7#b7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 su* sums z are necess>y to support language tra9+ = h\s+ c\nselors1 h\s+ c\nsel+ ag5cies1 & /aff t are approv$ by ! ,secret>y4 7i7 ,def9itions ,9 ?is section3 7#a7 ,cr$itor ,! t]m cr$itor has ! mean+ giv5 ! t]m 9 section #ajc ( ! ,tru? 9 ,l5d+ ,act & %all include any assignee ( a cr$itor4 7#b7 ,director ,! t]m ,director means ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7#d7 ,s]vic] ,! t]m s]vic] has ! mean+ giv5 ! t]m 9 section #f7;i7 ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd4 7#e7 ,resid5tial mortgage loan ,! t]m resid5tial mortgage loan has ! mean+ giv5 ! t]m 9 section #ajc ( ! ,tru? 9 ,l5d+ ,act4 7#f7 ,f$]ally relat$ mortgage loan ,! t]m f$]ally relat$ mortgage loan has ! mean+ giv5 ! t]m 9 section #c ( ! ,real ,e/ate ,settlem5t ,proc$ures ,act ( #aigd4 ,b ,fair ,l5d+ = ,all #cba4 ,(fice ( ,fair ,l5d+ ,te/+ 7a7 ,e/abli%m5t ,!re is e/abli%$ )9 ! ,bureau ( ,consum] ,f9ancial ,protection an ,(fice ( ,fair ,l5d+ ,te/+ 7h]e9aft] ref]r$ to z ! ,(fice74 7b7 ,director ,! head ( ! ,(fice %all be a ,director1 :o %all-- 7#a7 be appo9t$ to a #e-ye> t]m by1 & report to1 ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection2 7#b7 appo9t & fix ! comp5sation ( su* employees z are necess>y to c>ry out ! duties ( ! ,(fice "u ?is section2 & 7#c7 provide an e/imat$ annual budget to ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7c7 ,civil s]vice position ,! position ( ! ,director %all be a c>e] position )9 ! civil s]vice4 7d7 ,te/+ 7#a7 ,9 g5]al ,! ,(fice1 9 consultation ) ! ,attorney ,g5]al & ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 %all conduct te/+ ( compliance ) ! ,equal ,cr$it ,opportunity ,act by cr$itors1 ?r\gh ! use ( individuals :o1 )\t any bona fide int5t to receive a loan1 pose z prospective borr[]s = ! purpose ( ga!r+ in=mation4 7#b7 ,ref]ral ( violations ,if1 9 c>ry+ out ! te/+ describ$ "u p>agraph 7#a71 ! ,(fice believes a p]son has violat$ ! ,equal ,cr$it ,opportunity ,act1 ! ,(fice %all ref] su* violation 9 writ+ to ! ,attorney ,g5]al = appropriate action4 7e7 ,report to ,congress ,section #gjg ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia;f7 is am5d$ by add+ at ! end ! foll[+3 ,9 addition1 ea* report ( ! ,bureau %all include an analysis ( ! te/+ c>ri$ out pursuant to section #cba ( ! ,f9ancial ,s]vices ,racial ,equity1 ,inclusion1 & ,economic ,ju/ice ,act1 & ea* report ( ! ,bureau & ! ,attorney ,g5]al %all include a summ>y ( crim9al en=cem5t actions tak5 "u section #gjf;,a44 #cbb4 ,prohibition on cr$it discrim9ation 7a7 ,9 g5]al ,subsection 7a7 ( section #gja ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia7 is am5d$ to read z foll[s3 7a7 ,x %all be unlawful to discrim9ate aga9/ any p]son1 ) respect to any aspect ( a cr$it transaction-- 7#a7 on ! basis ( race1 color1 religion1 national orig91 sex 7includ+ sexual ori5tation & g5d] id5tity71 m>ital /atus1 age 7provid$ ! applicant has ! capacity to contract71 or disability 7z su* t]m is def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij72 7#b7 on ! basis ( ! p]son's zip code1 or c5sus tract2 7#c7 because all or "p ( ! p]son's income d]ives f any public assi/ance program2 or 7#d7 because ! p]son has 9 good fai? ex]cis$ any "r "u ! ,consum] ,cr$it ,protection ,act4 4 7b7 ,removal ( c]ta9 ref]5ces to cr$itors & applicants & def9ition add$ ,! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47 is am5d$-- 7#a7 9 section #gja7;b7-- 7,a7 by /rik+ applicant ea* place su* t]m appe>s & ins]t+ p]son2 & 7,b7 9 p>agraph 7#b71 by /rik+ applicant's ea* place su* t]m appe>s & ins]t+ p]son's2 7#b7 9 section #gjb-- 7,a7 by r$esignat+ subsection 7g7 z subsection 7h72 & 7,b7 by ins]t+ aft] subsection 7f7 ! foll[+3 7g7 ,! t]m aggriev$ p]son includes any p]son :o-- 7#a7 claims to h be5 injur$ by a discrim9atory cr$it practice2 or 7#b7 believes t su* p]son w be injur$ by a discrim9atory cr$it practice4 2 7#c7 9 section #gjd;,a-- 7,a7 9 subsection 7b77#a71 by /rik+ applicant ea* place su* t]m appe>s & ins]t+ aggriev$ p]son2 & 7,b7 9 subsection 7c71 by /rik+ applicant & ins]t+ aggriev$ p]son2 7#d7 9 section #gje-- 7,a7 by /rik+ ! applicant ea* place su* t]m appe>s & ins]t+ p]sons2 & 7,b7 9 subsection 7a7-- 7i7 by /rik+ a cr$itor to take & ins]t+ tak+2 & 7ii7 by /rik+ applicant & ins]t+ p]son2 & 7#e7 9 section #gjf-- 7,a7 by /rik+ cr$itor ea* place su* t]m appe>s & ins]t+ p]son2 7,b7 by /rik+ cr$itor's ea* place su* t]m appe>s & ins]t+ p]son's2 7,c7 by /rik+ cr$itors ea* place su* t]m appe>s & ins]t+ p]sons2 & 7,d7 9 subsection 7f71 by /rik+ applicant & ins]t+ aggriev$ p]son4 7c7 ,,ecoa def9itions ,section #gjb ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia;a71 z am5d$ by subsection 7b71 is fur!r am5d$ by add+ at ! end ! foll[+3 7h7 ,! t]m g5d] id5tity means ! g5d]-relat$ id5tity1 appe>ance1 mann]isms1 or o!r g5d]-relat$ *>act]i/ics ( an individual1 reg>dless ( ! individual's designat$ sex at bir?4 7i7 ,! t]m sex includes-- 7#a7 a sex /]eotype2 7#b7 pregnancy1 *ildbir?1 or a relat$ m$ical condition2 7#c7 sexual ori5tation or g5d] id5tity2 & 7#d7 sex *>act]i/ics1 includ+ int]sex traits4 7j7 ,! t]m sexual ori5tation means homosexuality1 het]osexuality1 or bisexuality4 7k7 ,! t]m race1 color1 religion1 national orig91 sex 7includ+ sexual ori5tation & g5d] id5tity71 m>ital /atus1 or age1 us$ ) respect to an individual1 includes-- 7#a7 ! race1 color1 religion1 national orig91 sex 7includ+ sexual ori5tation & g5d] id5tity71 m>ital /atus1 or age1 respectively1 ( ano!r p]son ) :om ! individual is associat$ or has be5 associat$2 & 7#b7 a p]ception or belief1 ev5 if inaccurate1 conc]n+ ! race1 color1 religion1 national orig91 sex 7includ+ sexual ori5tation & g5d] id5tity71 m>ital /atus1 or age1 respectively1 ( ! individual4 4 7d7 ,rules ( con/ruction ,section #gja ( ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,rules ( con/ruction 7#a7 ,claims & rem$ies n preclud$ ,no?+ 9 ?is title %all be con/ru$ to limit ! claims or rem$ies available to any individual = an unlawful practice on ! basis ( race1 color1 religion1 sex 7includ+ sexual ori5tation & g5d] id5tity71 or national orig91 includ+ claims br\ght pursuant to section #aigi or #aihj ( ! ,revis$ ,/atutes 7#db ,u4,s4,c4 #aihc1 #aihe7 or any o!r law1 includ+ a ,f$]al law1 regulation1 or policy4 7#b7 ,no negative inf]5ce ,no?+ 9 ?is title %all be con/ru$ to support any inf]5ce t any ,f$]al law prohibit+ a practice on ! basis ( sex does n prohibit discrim9ation on ! basis ( pregnancy1 *ildbir?1 or a relat$ m$ical condition1 sexual ori5tation1 g5d] id5tity1 or a sex /]eotype4 4 #cbc4 ,crim9al p5alties = violations ( ! ,equal ,cr$it ,opportunity ,act 7a7 ,9 g5]al ,! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47 is am5d$ by ins]t+ aft] section #gjf ! foll[+3 #gjf;,a4 ,crim9al p5alties 7a7 ,individual violations ,any p]son :o kn[+ly & willfully violates ?is title %all be f9$ n m ?an #ej1jjj1 or imprison$ n m ?an #a ye>1 or bo?4 7b7 ,patt]n or practice 7#a7 ,9 g5]al ,any p]son :o engages 9 a patt]n or practice ( kn[+ly & willfully violat+ ?is title %all be f9$ n m ?an #ajj1jjj = ea* violation ( ?is title1 or imprison$ n m ?an tw5ty ye>s1 or bo?4 7#b7 ,p]sonal liability ( executive (fic]s & directors ( ! bo>d ,any executive (fic] or director ( ! bo>d ( an entity :o kn[+ly & willfully causes ! entity to engage 9 a patt]n or practice ( kn[+ly & willfully violat+ ?is title 7or :o directs ano!r ag5t1 s5ior (fic]1 or director ( ! entity to commit su* a violation or engage 9 su* acts t result 9 ! director or (fic] be+ p]sonally unju/ly enri*$7 %all be-- 7,a7 f9$ 9 an am\nt n to exce$ #ajj p]c5t ( ! comp5sation 7includ+ /ock options aw>d$ z comp5sation7 receiv$ by su* (fic] or director f ! entity-- 7i7 dur+ ! "t p]iod 9 :i* ! violations occurr$2 or 7ii7 9 ! "o to ?ree ye> "t p]iod prec$+ ! date on :i* ! violations 7 discov]$2 & 7,b7 imprison$ = n m ?an #e ye>s4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47 is am5d$ by ins]t+ aft] ! item relat+ to section #gjf ! foll[+3 #gjf;,a4 ,crim9al p5alties4 4 #cbd4 ,review ( loan applications 7a7 ,9 g5]al ,subtitle ,c ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeca et seq47 is am5d$ by add+ at ! end ! foll[+3 #ajch4 ,review ( loan applications 7a7 ,9 g5]al ,! ,bureau %all c>ry out reviews ( loan applications & ! process ( tak+ loan applications be+ us$ by cov]$ p]sons to ensure su* applications & processes d n violate ! ,equal ,cr$it ,opportunity ,act or any o!r ,f$]al consum] f9ancial law4 7b7 ,prohibition & en=cem5t ,if ! ,bureau det]m9es "u subsection 7a7 t any loan application or process ( tak+ a loan application violates ! ,equal ,cr$it ,opportunity ,act or any o!r ,f$]al consum] f9ancial law1 ! ,bureau %all-- 7#a7 prohibit ! cov]$ p]son f us+ su* application or process2 & 7#b7 take su* en=cem5t or o!r actions ) respect to ! cov]$ p]son z ! ,bureau det]m9es appropriate4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts 9 section #a ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act is am5d$ by ins]t+ aft] ! item relat+ to section #ajcg ! foll[+3 ,sec4 #ajch4 ,review ( loan applications4 4 #cbe4 ,mortgage data collection 7a7 ,9 g5]al ,section #cjd7;b77#d7 ( ! ,home ,mortgage ,disclosure ,act ( #aige 7#ab ,u4,s4,c4 #bhjc7;b77#d77 is am5d$ by /rik+ c5sus tract1 income level1 racial *>act]i/ics1 age1 & g5d] & ins]t+ ! applicant or borr[]'s zip code1 c5sus tract1 income level1 race1 color1 religion1 national orig91 sex1 m>ital /atus1 sexual ori5tation1 g5d] id5tity1 disability /atus1 vet]an /atus1 & age4 7b7 ,protection ( privacy int]e/s ,section #cjd7;h77#c77;,a7 ( ! ,home ,mortgage ,disclosure ,act ( #aige 7#ab ,u4,s4,c4 #bhjc7;h77#c77;,a77 is am5d$-- 7#a7 9 clause 7i71 by /rik+ & at ! end2 7#b7 by r$esignat+ clause 7ii7 z clause 7iii72 & 7#c7 by ins]t+ aft] clause 7i7 ! foll[+3 7ii7 zip code1 c5sus tract1 & any o!r category ( data describ$ 9 subsection 7b77#d71 z ! ,bureau det]m9es to be necess>y to satisfy ! purpose describ$ 9 p>agraph 7#a77;,e71 & 9 a mann] consi/5t ) t purpose2 & 4 ,c ,promot+ & ,advanc+ ,communities ( ,color ,?r\gh ,inclusive ,l5d+ #cca4 ,/r5g!n+ div]se & mission-driv5 community f9ancial in/itutions 7a7 ,m9ority l5d+ in/itution set-aside 9 provid+ assi/ance 7#a7 ,9 g5]al ,section #ajh ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjg7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,support+ m9ority in/itutions ,not)/&+ any o!r provision ( law1 9 provid+ any assi/ance to community developm5t f9ancial in/itutions1 ! ,fund %all res]ve #dj p]c5t ( su* assi/ance = m9ority l5d+ in/itutions4 4 7#b7 ,def9itions ,section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb7 is am5d$ by add+ at ! end ! foll[+3 7#bb7 ,m9ority l5d+ in/itution ,! t]m m9ority l5d+ in/itution has ! mean+ giv5 t t]m "u section #ebc7;c7 ( division ,n ( ! ,consolidat$ ,appropriations ,act1 #bjba4 4 7b7 ,(fice ( ,m9ority ,l5d+ ,in/itutions ,section #ajd ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc7 is am5d$ by add+ at ! end ! foll[+3 7l7 ,,cdfi ,(fice ( ,m9ority ,l5d+ ,in/itutions ,!re is e/abli%$ )9 ! ,fund an ,(fice ( ,m9ority ,l5d+ ,in/itutions1 :i* %all ov]see assi/ance provid$ by ! ,fund to m9ority l5d+ in/itutions4 4 7c7 ,report+ on m9ority l5d+ in/itutions ,section #aag ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgaf7 is am5d$ by add+ at ! end ! foll[+3 7g7 ,report+ on m9ority l5d+ in/itutions ,ea* report requir$ "u subsection 7a7 %all include a description ( ! ext5t to :i* assi/ance f ! ,fund are provid$ to m9ority l5d+ in/itutions4 4 7d7 ,submission ( ,demographic data relat+ to div]sity by community developm5t f9ancial in/itutions ,section #ajd ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc71 z am5d$ by subsection 7b71 is fur!r am5d$ by add+ at ! end ! foll[+3 7m7 ,submission ( ,demographic data relat+ to div]sity 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m executive (fic] has ! mean+ giv5 ! t]m 9 section #bcj4eja7;f7 ( title #ag1 ,code ( ,f$]al ,regulations1 z 9 effect on ! date ( enactm5t ( ?is subsection2 7,b7 ! t]m #8g5d] id5tity' means ! g5d]-relat$ id5tity1 appe>ance1 mann]isms1 or o!r g5d]-relat$ *>act]i/ics ( an individual1 reg>dless ( ! individual's designat$ sex at bir?2 7,c7 ! t]m #8sexual ori5tation' means homosexuality1 het]osexuality1 or bisexuality2 & 7,d7 ! t]m vet]an has ! mean+ giv5 ! t]m 9 section #aja ( title #ch1 ,unit$ ,/ates ,code4 7#b7 ,submission ( disclosure ,ea* ,fund applicant & recipi5t %all provide data reg>d+ su* factors z may be det]m9$ by ! ,fund1 :i* may include ! foll[+3 7,a7 ,demographic data1 bas$ on volunt>y self-id5tification1 on ! racial1 e?nic1 g5d] id5tity1 & sexual ori5tation composition (-- 7i7 ! bo>d ( directors ( ! in/itution2 & 7ii7 ! executive (fic]s ( ! in/itution4 7,b7 ,! /atus ( any memb] ( ! bo>d ( directors ( ! in/itution1 any nom9ee = ! bo>d ( directors ( ! in/itution1 or any executive (fic] ( ! in/itution1 bas$ on volunt>y self-id5tification1 z a vet]an4 7,c7 ,:e!r ! bo>d ( directors ( ! in/itution1 or any committee ( t bo>d ( directors1 has1 z ( ! date on :i* ! in/itution makes a disclosure "u ?is p>agraph1 adopt$ any policy1 plan1 or /rategy to promote racial1 e?nic1 & g5d] div]sity among-- 7i7 ! bo>d ( directors ( ! in/itution2 7ii7 nom9ees = ! bo>d ( directors ( ! in/itution2 or 7iii7 ! executive (fic]s ( ! in/itution4 7#c7 ,report to ,congress ,n lat] ?an #bd mon?s aft] ! date ( enactm5t ( ?is subsection1 & e o!r ye> !reaft]1 ! ,fund %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 & make publicly available on ! website ( ! ,fund1 a report-- 7,a7 on ! demographic data & tr5ds ( ! div]sity in=mation made available pursuant to p>agraph 7#b71 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates7 & ,tribal gov]nm5t entity2 & 7,b7 conta9+ any adm9i/rative or legislative recomm5dations ( ! ,fund to enhance ! implem5tation ( ?is title or to promote div]sity & inclusion )9 community developm5t f9ancial in/itutions4 4 7e7 ,(fice ( ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions 7#a7 ,e/abli%m5t ,!re is e/abli%$ )9 ! ,dep>tm5t ( ! ,treasury ! ,(fice ( ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions4 7#b7 ,lead]%ip ,! ,(fice ( ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions %all be l$ by a ,deputy ,assi/ant ,secret>y = ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions1 :o %all be appo9t$ by ! ,secret>y ( ! ,treasury1 9 consultation ) ! ,dep>tm5t ( ! ,treasury's ,director ( ,(fice ( ,m9ority & ,wom5 ,inclusion4 7#c7 ,functions ,! ,(fice ( ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions1 pursuant to ! direction ( ! ,secret>y1 %all seek to provide support = div]se & mission-driv5 community f9ancial in/itutions & h ! au?ority-- 7,a7 to monitor & issue reports reg>d+-- 7i7 community developm5t f9ancial in/itutions1 m9ority depository in/itutions1 & m9ority l5d+ in/itutions2 & 7ii7 ! role su* in/itutions play 9 ! f9ancial sy/em ( ! ,unit$ ,/ates1 includ+ ! impact !y h on provid+ f9ancial access to l[- & mod]ate-income communities1 communities ( color1 & o!r und]s]v$ communities2 7,b7 to s]ve z a res\rce & ,f$]al liaison = curr5t & prospective community developm5t f9ancial in/itutions1 m9ority depository in/itutions1 & m9ority l5d+ in/itutions seek+ to engage ) ! ,dep>tm5t ( ! ,treasury1 ! ,community ,developm5t ,f9ancial ,in/itutions ,fund 7,,cdfi ,fund71 o!r ,f$]al gov]nm5t ag5cies1 includ+ by provid+ contact in=mation = o!r (fices ( ! ,dep>tm5t ( ! ,treasury or o!r ,f$]al ,gov]nm5t ag5cies1 res\rces1 te*nical assi/ance1 or o!r support = entities wi%+-- 7i7 to become c]tifi$ z a community developm5t f9ancial in/itution1 & ma9ta9 ! c]tification2 7ii7 to obta9 a bank+ *>t]1 deposit insurance1 or o!rwise c>ry on bank+ activities 9 a safe1 s\nd1 & responsible mann]2 7iii7 to obta9 f9ancial support ?r\gh private sector deposits1 inve/m5ts1 p>tn]%ips1 & o!r means2 7iv7 to exp& _! op]ations ?r\gh int]nal gr[? & acquisitions2 7v7 to develop & upgrade _! te*nology1 cyb]security resili5ce1 compliance sy/ems1 data report+ sy/ems1 & _! capacity to support _! communities1 includ+ ?r\gh p>tn]%ips ) ?ird-p>ty companies2 7vi7 to obta9 grants1 aw>ds1 inve/m5ts & o!r f9ancial support made available ?r\gh ! ,,cdfi ,fund1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,c5tral ,liquidity ,facility1 ! ,f$]al ,home ,loan ,banks1 & o!r ,f$]al programs2 7vii7 to p>ticipate z a f9ancial int]m$i>y ) respect to v>i\s ,f$]al & ,/ate programs & ag5cies1 includ+ ! ,/ate ,small ,bus9ess ,cr$it ,initiative & programs ( ! ,small ,bus9ess ,adm9i/ration2 & 7viii7 to p>ticipate 9 ,f9ancial ,ag5t ,m5tor-,protg ,program ( ! ,dep>tm5t ( ! ,treasury & o!r ,f$]al programs design$ to support private sector p>tn]%ips2 7,c7 to provide res\rces to ! public wi%+ to le>n m ab\t m9ority depository in/itutions1 community developm5t f9ancial in/itutions1 & m9ority l5d+ in/itutions1 includ+ help+ ! ,secret>y implem5t ! requirem5ts "u section #ccd1 publi%+ reports issu$ by ! ,(fice on ! website ( ! ,dep>tm5t ( ! ,treasury & provid+ hyp]l9ks to o!r relevant reports & mat]ials f o!r ,f$]al ag5cies2 7,d7 to provide policy recomm5dations to o!r relevant ,f$]al ag5cies & ,congress on ways to fur!r /r5g!n ,f$]al support = community developm5t f9ancial in/itutions1 m9ority depository in/itutions1 & m9ority l5d+ in/itutions2 7,e7 to assi/ ! ,secret>y 9 c>ry+ out ! ,secret>y's responsibilities "u section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note7 to pres]ve & promote m9ority depository in/itutions 9 consultation ) ! ,*airman ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,comptroll] ( ! ,curr5cy1 ! ,*airman ( ! ,national ,cr$it ,union ,adm9i/ration1 & ! ,*airp]son ( ! ,bo>d ( ,directors ( ! ,f$]al ,deposit ,insurance ,corporation2 7,f7 to c>ry out o!r duties ( ! ,secret>y ( ! ,treasury requir$ by ?is ,act & ! am5dm5ts made by ?is ,act1 & to p]=m su* o!r duties & au?orities z may be assign$ by ! ,secret>y4 7f7 ,/r5g!n+ ,f$]al ef=ts & int]ag5cy coord9ation to promote div]se & mission-driv5 community f9ancial in/itutions 7#a7 ,s5ior (ficials designat$ ,! ,*airman ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,comptroll] ( ! ,curr5cy1 ! ,*airman ( ! ,national ,cr$it ,union ,adm9i/ration1 ! ,*airp]son ( ! ,bo>d ( ,directors ( ! ,f$]al ,deposit ,insurance ,corporation1 & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all ea*1 9 consultation ) _! respective ,director ( ,(fice ( ,m9ority & ,wom5 ,inclusion1 designate a s5ior (ficial to be _! respective ag5cy's (fic] responsible = promot+ m9ority depository in/itutions1 community developm5t f9ancial in/itutions1 & m9ority l5d+ in/itutions1 includ+ to fulfill obligations "u section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note7 to pres]ve & promote m9ority depository in/itutions4 7#b7 ,int]ag5cy ,work+ ,gr\p ,! ,dep>tm5t ( ! ,treasury %all regul>ly conv5e meet+s1 no less ?an once a qu>t]1 ( an int]ag5cy work+ gr\p to be kn[n z ! ,int]ag5cy ,work+ ,gr\p to ,promote ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions1 :i* %all consi/ ( ! s5ior (ficials designat$ by _! respective ag5cies "u p>agraph 7#a71 along ) ! ,deputy ,assi/ant ,secret>y = ,div]se & ,mission-,driv5 ,community ,f9ancial ,in/itutions1 ! ,director ( ! ,community ,developm5t ,f9ancial ,in/itutions ,fund1 & su* o!r gov]nm5t (ficials z ! ,secret>y ( ! ,treasury may *oose to invite1 to exam9e & discuss ! /ate ( m9ority depository in/itutions1 community developm5t f9ancial in/itutions1 & m9ority l5d+ in/itutions1 & actions ! relevant ag5cies c take to pres]ve1 promote1 & /r5g!n ^! in/itutions4 7#c7 ,promot+ fair h\s+ & collective own]%ip opportunities 7,a7 ,initial report ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is subsection1 ! ,secret>y ( ,treasury1 jo9tly ) ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 %all issue a report to ! cov]$ ag5cies & ! ,congress exam9+ diff]5t ways f9ancial in/itutions1 includ+ community developm5t f9ancial in/itutions1 c affirmatively fur!r fair h\s+ & be enc\rag$ & inc5tiviz$ to c>ry out activities t exp& long-t]m weal?-build+ opportunities )9 l[-income & m9ority communities t support collective own]%ip opportunities1 includ+ ?r\gh inve/m5ts 9 work] coop]atives1 consum] coop]atives1 community l& tru/s1 n-=-pr(it-l$ %>$ equity home[n]%ip1 & limit$-equity coop]atives1 & to provide recomm5dations to ! cov]$ ag5cies & ! ,congress 9 ! fur!rance ( ^! objectives4 7,b7 ,progress updates ,beg9n+ n lat] ?an ?ree ye>s aft] ! date ( ! enactm5t ( ?is subsection1 & e five ye>s !reaft]1 ! ,secret>y ( ! ,treasury & ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all1 aft] receiv+ ! necess>y updates f ! cov]$ ag5cies1 issue a report exam9+ ! progress made on implem5t+ relevant recomm5dations1 & provid+ any additional recomm5dations to ! cov]$ ag5cies & ! ,congress 9 fur!rance ( ! objectives "u subp>agraph 7,a74 7,c7 ,cov]$ ag5cies ,= purposes ( ?is subsection1 ! t]m cov]$ ag5cies means ! ,community ,developm5t ,f9ancial ,in/itutions ,fund1 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,f$]al ,deposit ,insurance ,corporation1 ! ,(fice ( ! ,comptroll] ( ! ,curr5cy1 ! ,national ,cr$it ,union ,adm9i/ration1 & ! ,f$]al ,h\s+ ,f9ance ,ag5cy4 7#d7 ,annual report to ,congress ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is subsection1 & annually !reaft]1 ! ,secret>y ( ! ,treasury1 ! ,*airman ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,comptroll] ( ! ,curr5cy1 ! ,*airman ( ! ,national ,cr$it ,union ,adm9i/ration1 ! ,*airp]son ( ! ,bo>d ( ,directors ( ! ,f$]al ,deposit ,insurance ,corporation1 & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection %all submit a jo9t report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate reg>d+ ! "w t has be5 done ! prior ye> to pres]ve1 promote1 & /r5g!n community developm5t f9ancial in/itutions1 m9ority depository in/itutions1 & m9ority l5d+ in/itutions1 along ) any policy recomm5dations on actions v>i\s gov]nm5t ag5cies & ,congress %\ld take to pres]ve1 promote1 & /r5g!n community developm5t f9ancial in/itutions1 m9ority depository in/itutions1 & m9ority l5d+ in/itutions4 #ccb4 ,capital inve/m5ts1 grants1 & te*nology support = ,m,d,is & ,c,d,f,is 7a7 ,au?orization ( appropriation ,!re is au?oriz$ to be appropriat$ to ! ,em]g5cy ,capital ,inve/m5t ,fund #d1jjj1jjj1jjj4 ,su* funds may be us$ = adm9i/rative exp5ses ( ! ,dep>tm5t ( ! ,treasury4 7b7 ,con=m+ am5dm5ts to all[ = additional pur*ases ( capital ,section #ajd;,a ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc;a7 is am5d$-- 7#a7 9 subsection 7c71 by /rik+ p>agraph 7#b72 & 7#b7 9 subsection 7e71 by /rik+ p>agraph 7#b74 7c7 ,use ( funds = ,,cdfi f9ancial & te*nical assi/ance ,section #ajd;,a ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc;a7 is am5d$ by add+ at ! end ! foll[+3 7p7 ,use ( funds = ,,cdfi f9ancial & te*nical assi/ance ,! ,secret>y %all transf] no less ?an #a1jjj1jjj1jjj 9 ! ,em]g5cy ,capital ,inve/m5t ,fund to ! ,fund = ! purpose ( provid+ f9ancial & te*nical assi/ance grants to community developm5t f9ancial in/itutions c]tifi$ by ! ,secret>y4 ,! ,fund %all provide su* grants us+ a =mula t takes into acc\nt crit]ia su* z c]tification /atus1 f9ancial & compliance p]=mance1 portfolio & balance %eet /r5g?1 div]sity ( ,,cdfi bus9ess model types1 & program capacity4 4 7d7 ,te*nology grants = ,m,d,is & ,c,d,f,is 7#a7 ,/udy & report on c]ta9 te*nology *all5ges 7,a7 ,/udy ,! ,secret>y ( ! ,treasury %all c>ry out a /udy on ! te*nology *all5ges impact+ m9ority depository in/itutions & community developm5t f9ancial in/itutions ) respect to-- 7i7 int]nal te*nology capabilities & capacity ( ! in/itutions to process loan applications & o!rwise s]ve curr5t & pot5tial cu/om]s ?r\gh ! int]net1 mobile phone applications1 & o!r tools2 7ii7 te*nology capabilities & capacity ( ! in/itutions1 provid$ 9 p>tn]%ip ) ?ird p>ty companies1 to process loan applications & o!rwise s]ve curr5t & pot5tial cu/om]s ?r\gh ! int]net1 mobile phone applications1 & o!r tools2 7iii7 cyb]security2 & 7iv7 *all5ges & solutions relat$ to algori?mic bias 9 ! deploym5t ( te*nology4 7,b7 ,report ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is subsection1 ! ,secret>y %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate t includes ! results ( ! /udy requir$ "u subp>agraph 7,a74 7#b7 ,te*nology grant program 7,a7 ,program au?oriz$ ,! ,secret>y %all c>ry out a te*nology grant program to make grants to m9ority depository in/itutions & community developm5t f9ancial in/itutions to address te*nology *all5ges impact+ su* in/itutions4 7,b7 ,application ,to be eligible to be aw>d$ a grant "u ?is p>agraph1 a m9ority depository in/itution or community developm5t f9ancial in/itution %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7,c7 ,use ( funds ,a m9ority depository in/itution or community developm5t f9ancial in/itution t is aw>d$ a grant "u ?is p>agraph may use ! grant funds to-- 7i7 enhance or adopt te*nologies t-- 7,i7 %ort5 loan approval processes2 7,,ii7 improve cu/om] exp]i5ce2 7,,iii7 provide additional s]vices to cu/om]s2 7,,iv7 facilitate compliance ) applicable laws1 regulations1 & program requirem5ts1 includ+ te/+ to ensure t ! use ( te*nology does n result 9 discrim9ation1 & help+ to satisfy data report+ requirem5ts2 7,v7 help ensure privacy ( cu/om] records & cyb]security resili5ce2 & 7,,vi7 r$uce ! unbank$ & und]bank$ population2 or 7ii7 c>ry out su* o!r activities z ! ,secret>y det]m9es appropriate4 7#c7 ,fund+ ,! ,secret>y may use am\nts 9 ! ,em]g5cy ,capital ,inve/m5t ,fund to implem5t & make grants "u p>agraph 7#b71 b n to exce$ #bej1jjj1jjj 9 ! aggregate4 7#d7 ,def9itions ,9 ?is subsection1 ! t]ms community developm5t f9ancial in/itution & m9ority depository in/itution h ! mean+ giv5 ^? t]ms1 respectively1 "u section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb74 7e7 ,pilot program = e/abli%+ de novo ,c,d,f,is & ,m,d,is 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,fund & ! appropriate ,f$]al bank+ ag5cies1 %all e/abli% a pilot program to provide competitive grants to a p]son = ! purpose ( provid+ capital = su* p]son to e/abli% a m9ority depository in/itution or a community developm5t f9ancial in/itution4 7#b7 ,application ,a p]son desir+ a grant "u ?is subsection %all submit to ! ,secret>y an application 9 su* =m & conta9+ su* in=mation z ! ,secret>y det]m9es appropriate4 7#c7 ,disbursem5t ,be=e disburs+ grant am\nts to a p]son select$ to receive a grant "u ?is subsection1 ! ,secret>y %all ensure t su* p]son has receiv$ approval f ! appropriate ,f$]al bank+ ag5cy 7or su* o!r ,f$]al or ,/ate ag5cy f :om approval is requir$7 to e/abli% a m9ority depository in/itution or a community developm5t f9ancial in/itution1 z applicable4 7#d7 ,fund+ ,! ,secret>y may use am\nts 9 ! ,em]g5cy ,capital ,inve/m5t ,fund to implem5t & make grants "u p>agraph 7#b71 b n to exce$ #ajj1jjj1jjj 9 ! aggregate4 7#e7 ,def9itions ,9 ?is subsection1 ! t]ms appropriate ,f$]al bank+ ag5cy1 community developm5t f9ancial in/itution1 ,fund1 & m9ority depository in/itution h ! mean+ giv5 ^? t]ms1 respectively1 "u section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb74 7f7 ,guidance = sub*apt] ,s & mutual banks ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,secret>y %all issue guidance reg>d+ h[ ,em]g5cy ,capital ,inve/m5t ,program inve/m5ts 7:e!r made be=e or aft] ! date ( enactm5t ( ?is ,act7 are consid]$ = purposes ( v>i\s prud5tial requirem5ts1 includ+ debt to equity1 lev]age ratio1 & d\ble lev]age ratio requirem5ts ) respect to sub*apt] ,s & mutual bank recipi5ts ( su* inve/m5ts4 7g7 ,collection ( ,data ,section #aaa ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgaj7 is am5d$-- 7#a7 by /rik+ ,! ,fund & ins]t+ ! foll[+3 7a7 ,9 g5]al ,! ,fund 2 & 7#b7 by add+ at ! end ! foll[+3 7b7 ,collection ( c]ta9 data by ,c,d,f,is ,not)/&+ ! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47-- 7#a7 a community developm5t f9ancial in/itution may collect data describ$ 9 section #gja7;a77#a7 ( t ,act 7#ae ,u4,s4,c4 #afia7;a77#a77 f borr[]s & applicants = cr$it = ! sole purpose & exclusive use to ensure t t>get$ populations & l[-income resid5ts ( inve/m5t areas are adequately s]v$ & to report ! level ( s]vice provid$ to su* populations & areas to ! ,fund2 & 7#b7 a community developm5t f9ancial in/itution t collects ! data describ$ 9 p>agraph 7#a7 %all n be subject to adv]se action relat$ to t collection by ! ,bureau ( ,consum] ,f9ancial ,protection or any o!r ,f$]al ag5cy4 4 #ccc4 ,support+ ,"y ,entrepr5eurs ,program ,section #ajh ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjg71 z am5d$ by section #cca7;a77#a71 is fur!r am5d$ by add+ at ! end ! foll[+3 7j7 ,support+ ,"y ,entrepr5eurs ,program 7#a7 ,9 g5]al ,! ,fund %all e/abli% a ,support+ ,"y ,entrepr5eurs ,program "u :i* ! ,fund may provide f9ancial aw>ds to ! community developm5t f9ancial in/itutions t ! ,fund det]m9es h ! be/ programs to help "y entrepr5eurs get ! />t up capital ne$$ to />t a small bus9ess1 ) a focus on support+ "y wom5 entrepr5eurs1 entrepr5eurs :o are ,black1 ,hispanic1 ,asian or ,pacific ,isl&]1 & ,native ,am]ican or ,native ,alaskan & o!r hi/orically und]repres5t$ gr\ps or fir/ "t bus9ess own]s4 7#b7 ,no mat*+ requirem5t ,! mat*+ requirem5t "u subsection 7e7 %all n apply to aw>ds made "u ?is subsection4 7#c7 ,fund+ ,9 c>ry+ out ?is subsection1 ! ,fund may use-- 7,a7 am\nts 9 ! ,em]g5cy ,capital ,inve/m5t ,fund1 b n to exce$ #ajj1jjj1jjj 9 ! aggregate2 & 7,b7 su* o!r funds z may be appropriat$ by ,congress to ! ,fund to c>ry out ! ,support+ ,"y ,entrepr5eurs ,program4 4 #ccd4 ,map ( m9ority depository in/itutions & community developm5t f9ancial in/itutions 7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,,cdfi ,fund & ! ,f$]al bank+ ag5cies1 %all e/abli% an int]active1 se>*able map %[+ ! geographic locations ( ! headqu>t]s & bran* locations ( m9ority depository in/itutions1 :i* %all be provid$ by ! ,f$]al bank+ ag5cies1 & community developm5t f9ancial in/itutions t h be5 c]tifi$ by ! ,secret>y1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal gov]nm5t entity1 & congressional di/rict4 ,su* map %all also provide a l9k to ! website ( ea* su* m9ority depository in/itution & community developm5t f9ancial in/itution4 7b7 ,def9itions ,9 ?is section3 7#a7 ,,cdfi ,fund ,! t]m ,,cdfi ,fund means ! ,community ,developm5t ,f9ancial ,in/itutions ,fund e/abli%$ "u section #ajd7;a7 ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 7#b7 ,community developm5t f9ancial in/itution ,! t]m community developm5t f9ancial in/itution has ! mean+ giv5 9 section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 7#c7 ,f$]al bank+ ag5cy ,! t]m ,f$]al bank+ ag5cy-- 7,a7 has ! mean+ giv5 9 section #c ( ! ,f$]al ,deposit ,insurance ,act2 & 7,b7 means ! ,national ,cr$it ,union ,adm9i/ration4 7#d7 ,m9ority depository in/itution ,! t]m m9ority depository in/itution has ! mean+ giv5 9 section #cjh7;b7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi4 #cce4 ,report on c]tifi$ community developm5t f9ancial in/itutions ,section #aag7;a7 ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgaf7;a77 is am5d$-- 7#a7 by /rik+ ,! ,fund & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,! ,fund 2 7#b7 by /rik+ & ! ,congress & ins]t+ 1 ! ,congress1 & ! public2 & 7#c7 by add+ at ! end ! foll[+3 7#b7 ,report on c]tifi$ community developm5t f9ancial in/itutions ,! annual report requir$ "u p>agraph 7#a7 %all include a report on community developm5t f9ancial in/itutions 7,c,d,f,is7 t h be5 c]tifi$ by ! ,secret>y ( ! ,treasury1 includ+ a summ>y ) aggregate data & analysis1 to ! fulle/ ext5t practicable1 reg>d+-- 7,a7 a li/ ( ! types ( organizations t are c]tifi$ z ,c,d,f,is1 & ! numb] ( ea* type ( organization2 7,b7 ! geographic location & capacity ( diff]5t types ( c]tifi$ ,c,d,f,is1 includ+ ov]all impact breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates7 & ,tribal gov]nm5t entity2 7,c7 ! l9es ( bus9ess = diff]5t types ( c]tifi$ ,c,d,f,is2 7,d7 human res\rces & /aff+ in=mation = diff]5t types ( c]tifi$ ,c,d,f,is1 includ+-- 7,e7 ! types ( developm5t s]vices provid$ by diff]5t types ( c]tifi$ ,c,d,f,is2 7,f7 ! t>get m>kets ( diff]5t types ( c]tifi$ ,c,d,f,is & ! am\nt ( products & s]vices (f]$ by ,c,d,f,is to ^? t>get m>kets1 includ+-- 7i7 ! numb] & am\nt ( loans & loan gu>antees made 9 ^? t>get m>kets2 7ii7 ! numb] & am\nt ( o!r inve/m5ts made 9 ^? t>get m>kets2 & 7iii7 ! numb] & am\nt ( developm5t s]vices (f]$ 9 ^? t>get m>kets2 & 7,g7 su* o!r in=mation z ! ,director ( ! ,fund may det]m9e necess>y to promote transp>5cy ( ! impact ( diff]5t types ( ,c,d,f,is1 :ile c>ry+ out ?is report 9 a mann] t seeks to m9imize data report+ requirem5ts f c]tifi$ ,c,d,f,is :5 feasible1 includ+ utiliz+ in=mation ga!r$ f o!r regulators "u section #ajd7l74 4 #ccf4 ,consultation & m9imization ( data reque/s ,section #ajd ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc7 is am5d$ by add+ at ! end ! foll[+3 7l7 ,consultation & m9imization ( data reque/s 7#a7 ,9 g5]al ,9 c>ry+ out its duties1 ! ,fund %all-- 7,a7 p]iodically1 & no less frequ5t ?an once a ye>1 consult ) ! applicable ,f$]al regulator ( c]tifi$ ,c,d,f,is & applicants to be a c]tifi$ ,,cdfi 7applicants72 7,b7 seek to ga!r any in=mation necess>y relat$ to ,fund c]tification & aw>d decisions on c]tifi$ ,c,d,f,is & applicants f ! applicable ,f$]al regulator1 & su* regulators %all use reasonable ef=ts to provide su* in=mation to ! ,fund1 to m9imize duplicative data collection reque/s made by ! ,fund ( c]tifi$ ,c,d,f,is & applicants & to exp$ite c]tification1 aw>d1 or o!r relevant processes adm9i/]$ by ! ,fund4 7#b7 ,applicable ,f$]al regulator def9$ ,9 ?is subsection1 ! t]m applicable ,f$]al regulator means-- 7,a7 ) respect to a c]tifi$ ,,cdfi or an applicant t is regulat$ by bo? an appropriate ,f$]al bank+ ag5cy & ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,bureau ( ,consum] ,f9ancial ,protection2 7,b7 ) respect to a c]tifi$ ,,cdfi or an applicant t is n regulat$ by ! ,bureau ( ,consum] ,f9ancial ,protection1 ! appropriate ,f$]al bank+ ag5cy = su* applicant2 or 7,c7 ! ,bureau ( ,consum] ,f9ancial ,protection1 ) respect to a c]tifi$ ,,cdfi or an applicant-- 7i7 t is n regulat$ by an appropriate ,f$]al bank+ ag5cy2 & 7ii7 t (f]s or provides consum] f9ancial products or s]vices 7z def9$ 9 section #ajjb ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edha74 4 #ccg4 ,access to ! disc\nt w9d[ ( ! ,f$]al ,res]ve ,sy/em = ,m,d,is & ,c,d,f,is ,)9 #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all e/abli% a process "u :i* m9ority depository in/itutions & community developm5t f9ancial in/itutions may h access to ! disc\nt w9d[1 at ! seasonal cr$it int]e/ rate mo/ rec5tly publi%$ on ! ,f$]al ,res]ve ,/ati/ical ,release on select$ int]e/ rates 7daily or weekly74 #cch4 ,/udy on securitization by ,c,d,f,is 7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 9 consultation ) ! ,community ,developm5t ,f9ancial ,in/itutions ,fund & su* o!r ,f$]al ag5cies z ! ,secret>y det]m9es appropriate1 %all c>ry out a /udy on-- 7#a7 ! use ( securitization by ,c,d,f,is2 7#b7 any b>ri]s to ! use ( securitization z a s\rce ( liquidity by ,c,d,f,is2 & 7#c7 any au?orities available to ! ,gov]nm5t to support ! use ( securitization by ,c,d,f,is to ! ext5t x helps s]ve und]s]v$ communities4 7b7 ,report ,n lat] ?an ! end ( ! #a-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all issue a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate conta9+-- 7#a7 all f9d+s & det]m9ations made 9 c>ry+ out ! /udy requir$ "u subsection 7a72 & 7#b7 any legislative or adm9i/rative recomm5dations ( ! ,secret>y t w\ld promote ! responsible use ( securitization to help ,c,d,f,is 9 rea*+ m und]s]v$ communities4 7c7 ,,cdfi def9$ ,! t]m ,,cdfi has ! mean+ giv5 ! t]m community developm5t f9ancial in/itution "u section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 ,,iv ,div]sity 9 ,f9ancial ,in/itutions & ,corporations ,a ,promot+ ,new & ,div]se ,depository ,in/itutions #daa4 ,/udy & /rategic plan 7a7 ,9 g5]al ,! ,f$]al bank+ regulators %all jo9tly-- 7#a7 conduct a /udy ab\t ! *all5ges fac$ by propos$ depository in/itutions1 includ+ propos$ m9ority depository in/itutions1 seek+ de novo depository in/itution *>t]s2 & 7#b7 submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & publi% publically1 n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is section-- 7,a7 an analysis bas$ on ! /udy conduct$ pursuant to p>agraph 7#a72 7,b7 any f9d+s f ! /udy conduct$ pursuant to p>agraph 7#a72 & 7,c7 any legislative recomm5dations t ! ,f$]al bank+ regulators develop$ bas$ on ! /udy conduct$ pursuant to p>agraph 7#a74 7b7 ,/rategic plan 7#a7 ,9 g5]al ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is section1 ! ,f$]al bank+ regulators %all jo9tly submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & publi% publically a /rategic plan bas$ on ! /udy conduct$ pursuant to subsection 7a7 & design$ to help propos$ depository in/itutions 7includ+ propos$ m9ority depository in/itutions7 successfully apply = de novo depository in/itution *>t]s 9 a mann] t promotes increas$ availability ( bank+ & f9ancial s]vices1 safety & s\ndness1 consum] protection1 community re9ve/m5t1 f9ancial /ability1 & a level play+ field4 7#b7 ,cont5ts ( /rategic plan ,! /rategic plan describ$ 9 p>agraph 7#a7 %all-- 7,a7 promote ! *>t]+ ( de novo depository in/itutions1 includ+-- 7i7 propos$ m9ority depository in/itutions2 & 7ii7 propos$ depository in/itutions t c\ld be c]tifi$ z community developm5t f9ancial in/itutions2 & 7,b7 describe actions ! ,f$]al bank+ regulators may take t w\ld increase ! numb] ( depository in/itutions locat$ 9 geographic areas :]e consum]s lack access to a bran* ( a depository in/itution4 7c7 ,public involvem5t ,:5 conduct+ ! /udy & develop+ ! /rategic plan requir$ by ?is section1 ! ,f$]al bank+ regulators %all invite comm5ts & o!r fe$back f ! public to in=m ! /udy & /rategic plan4 7d7 ,def9itions ,9 ?is section3 7#a7 ,depository in/itution ,! t]m depository in/itution has ! mean+ giv5 9 section #c ( ! ,f$]al ,deposit ,insurance ,act1 & includes a ,f$]al cr$it union & a ,/ate cr$it union z su* t]ms are def9$1 respectively1 "u section #aja ( ! ,f$]al ,cr$it ,union ,act4 7#b7 ,community developm5t f9ancial in/itution ,! t]m community developm5t f9ancial in/itution has ! mean+ giv5 9 section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 7#c7 ,f$]al bank+ regulators ,! t]m ,f$]al bank+ regulators means ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,comptroll] ( ! ,curr5cy1 ! ,f$]al ,deposit ,insurance ,corporation1 ! ,national ,cr$it ,union ,adm9i/ration1 & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection4 7#d7 ,m9ority depository in/itution ,! t]m m9ority depository in/itution has ! mean+ giv5 9 section #cjh7;b7 ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi4 ,b ,promot+ ,div]sity & ,inclusion 9 ,bank+ #dba4 ,div]sity & inclusion rat+s 7a7 ,9 g5]al ,! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq47 is am5d$ by ins]t+ aft] section #cdb ! foll[+3 #cdb;,a4 ,div]sity & inclusion rat+s 7a7 ,9 g5]al ,! ,bo>d ( ,gov]nors1 ! ,comptroll] ( ! ,curr5cy1 ! ,corporation1 & ! ,national ,cr$it ,union ,adm9i/ration ,bo>d1 9 assign+ a rat+ to a depository in/itution "u ! ,uni=m ,f9ancial ,in/itutions ,rat+ ,sy/em 7or an equival5t rat+ by any su* ag5cy "u a comp>able rat+ sy/em7 %all include a div]sity & inclusion compon5t t exam9es-- 7#a7 :e!r ! depository in/itution has effective policies 9 place to enc\rage div]sity & inclusion 9 ! hir+ practices ( ! in/itution2 7#b7 :e!r ! depository in/itution provides tra9+ to ! employees ( ! in/itution1 t is appropriate to ! size & res\rces ( ! in/itution1 on div]sity & inclusion2 7#c7 :e!r ! depository in/itution has policies 9 place t ensure t employees are able to report workplace discrim9ation )\t fe> ( wrongful retaliation1 ?reats1 or co]cion2 & 7#d7 7,a7 ) respect to a depository in/itution ) total consolidat$ assets ( #a1jjj1jjj1jjj or less1 :e!r su* depository in/itution has designat$ an individual to s]ve z a ,div]sity & ,inclusion ,(fic] :o reports to ! ,*ief ,executive ,(fic] ( ! in/itution on all div]sity & inclusion matt]s2 or 7,b7 ) respect to a depository in/itution ) total consolidat$ assets ( m ?an #a1jjj1jjj1jjj1 :e!r su* depository in/itution-- 7i7 has designat$ an individual to s]ve z a ,div]sity & ,inclusion ,(fic]2 & 7ii7 has e/abli%$ a committee = div]sity & inclusion t holds meet+s qu>t]ly & t includes 9 its memb]%ip ! ,div]sity & ,inclusion ,(fic] designat$ "u clause 7i7 & ! ,*ief ,executive ,(fic] ( ! in/itution4 7b7 ,application to m9ority depository in/itutions ,9 c>ry+ out subsection 7a7 ) respect to m9ority depository in/itutions1 ! ,bo>d ( ,gov]nors1 ! ,comptroll] ( ! ,curr5cy1 ! ,corporation1 & ! ,national ,cr$it ,union ,adm9i/ration ,bo>d %all-- 7#a7 assign su* in/itutions ! mo/ favorable rat+ ) respect to ! div]sity & inclusion compon5t describ$ "u subsection 7a72 & 7#b7 exempt su* in/itutions f any exam9ation proc$ures relat$ to ! div]sity & inclusion compon5t describ$ "u subsection 7a74 7c7 ,def9itions ,9 ?is section3 7#a7 ,depository in/itution ,! t]m depository in/itution means a depository in/itution or a cr$it union4 7#b7 ,m9ority depository in/itution ,! t]m m9ority depository in/itution means an entity t is-- 7,a7 a m9ority depository in/itution1 z def9$ 9 section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note72 7,b7 consid]$ to be a m9ority depository in/itution by-- 7i7 ! appropriate ,f$]al bank+ ag5cy2 or 7ii7 ! ,national ,cr$it ,union ,adm9i/ration1 9 ! case ( an insur$ cr$it union4 7,c7 ! t]m #8sexual ori5tation' means homosexuality1 het]osexuality1 or bisexuality2 or 7,d7 ! t]m #8g5d] id5tity' means ! g5d]-relat$ id5tity1 appe>ance1 mann]isms1 or o!r g5d]-relat$ *>act]i/ics ( an individual1 reg>dless ( ! individual's designat$ sex at bir?2 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act is am5d$ by ins]t+ aft] ! item relat+ to section #cdb ! foll[+3 ,sec4 #cdb;,a4 ,div]sity & inclusion rat+s4 4 ,c ,improv+ ,corporate ,gov]nance ,?r\gh ,div]sity #dca4 ,submission ( data relat+ to div]sity by issu]s ,section #ac ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghm7 is am5d$ by add+ at ! end ! foll[+3 7s7 ,submission ( data relat+ to div]sity 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m executive (fic] has ! mean+ giv5 ! t]m 9 section #bcj4eja7;f7 ( title #ag1 ,code ( ,f$]al ,regulations1 z 9 effect on ! date ( enactm5t ( ?is subsection2 & 7,b7 ! t]m vet]an has ! mean+ giv5 ! t]m 9 section #aja ( title #ch1 ,unit$ ,/ates ,code4 7#b7 ,submission ( disclosure ,ea* issu] requir$ to file an annual report "u subsection 7a7 %all disclose 9 any proxy /atem5t & any in=mation /atem5t relat+ to ! election ( directors fil$ ) ! ,commission ! foll[+3 7,a7 ,data1 bas$ on volunt>y self-id5tification1 on ! racial1 e?nic1 g5d] id5tity1 & sexual ori5tation composition (-- 7i7 ! bo>d ( directors ( ! issu]2 7ii7 nom9ees = ! bo>d ( directors ( ! issu]2 & 7iii7 ! executive (fic]s ( ! issu]4 7,b7 ,! /atus ( any memb] ( ! bo>d ( directors ( ! issu]1 any nom9ee = ! bo>d ( directors ( ! issu]1 or any executive (fic] ( ! issu]1 bas$ on volunt>y self-id5tification1 z a vet]an4 7,c7 ,:e!r ! bo>d ( directors ( ! issu]1 or any committee ( t bo>d ( directors1 has1 z ( ! date on :i* ! issu] makes a disclosure "u ?is p>agraph1 adopt$ any policy1 plan1 or /rategy to promote racial1 e?nic1 & g5d] div]sity among-- 7i7 ! bo>d ( directors ( ! issu]2 7ii7 nom9ees = ! bo>d ( directors ( ! issu]2 or 7iii7 ! executive (fic]s ( ! issu]4 7,d7 ,! disability /atus1 bas$ on volunt>y self-id5tification1 ( any memb] ( ! bo>d ( directors ( ! issu]1 any nom9ee = ! bo>d ( directors ( ! issu]1 or any executive (fic] ( ! issu]4 7#c7 ,alt]native submission ,9 any #a-ye> p]iod 9 :i* an issu] requir$ to file an annual report "u subsection 7a7 does n file ) ! ,commission a proxy /atem5t or an in=mation /atem5t relat+ to ! election ( directors1 ! issu] %all disclose ! in=mation requir$ "u p>agraph 7#b7 9 ! fir/ annual report ( issu] t ! issu] submits to ! ,commission aft] ! end ( t #a-ye> p]iod4 7#d7 ,annual report ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is subsection1 & annually !reaft]1 ! ,commission %all submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & publi% on ! website ( ! ,commission1 a report t analyzes ! in=mation disclos$ "u p>agraphs 7#b7 & 7#c7 & id5tifies any tr5ds ) respect to su* in=mation1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal gov]nm5t entity1 & congressional di/rict4 7#e7 ,be/ practices 7,a7 ,9 g5]al ,! ,director ( ! ,(fice ( ,m9ority & ,wom5 ,inclusion ( ! ,commission %all1 n lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is subsection1 & e #c ye>s !reaft]1 publi% be/ practices = compliance ) ?is subsection4 7,b7 ,comm5ts ,! ,director ( ! ,(fice ( ,m9ority & ,wom5 ,inclusion ( ! ,commission may1 pursuant to sub*apt] ,,ii ( *apt] #e ( title #e1 ,unit$ ,/ates ,code1 solicit public comm5ts relat$ to ! be/ practices publi%$ "u subp>agraph 7,a74 4 #dcb4 ,div]sity advisory gr\p 7a7 ,def9itions ,= ! purposes ( ?is section3 7#a7 ,advisory ,gr\p ,! t]m ,advisory ,gr\p means ! ,div]sity ,advisory ,gr\p e/abli%$ "u subsection 7b74 7#b7 ,commission ,! t]m ,commission means ! ,securities & ,ex*ange ,commission4 7#c7 ,issu] ,! t]m issu] has ! mean+ giv5 ! t]m 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774 7b7 ,e/abli%m5t ,! ,commission %all e/abli% a ,div]sity ,advisory ,gr\p1 :i* %all be compos$ ( repres5tatives f-- 7#a7 ! ,f$]al ,gov]nm5t & ,/ate & local gov]nm5ts2 7#b7 academia2 & 7#c7 ! private sector4 7c7 ,/udy & recomm5dations ,! ,advisory ,gr\p %all-- 7#a7 c>ry out a /udy t id5tifies /rategies t c be us$ to increase g5d]1 racial1 & e?nic div]sity1 & div]sity ) respect to individuals self-id5tify+ z lesbian1 gay1 bisexual1 transg5d]1 or que]1 among memb]s ( bo>ds ( directors ( issu]s2 & 7#b7 n lat] ?an #bgj days aft] ! date on :i* ! ,advisory ,gr\p is e/abli%$1 submit to ! ,commission1 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate a report t-- 7,a7 describes any f9d+s f ! /udy conduct$ "u p>agraph 7#a72 & 7,b7 makes recomm5dations reg>d+ /rategies t issu]s c\ld use to increase g5d]1 racial1 & e?nic div]sity1 & div]sity ) respect to individuals self-id5tify+ z lesbian1 gay1 bisexual1 transg5d]1 or que]1 among bo>d memb]s4 7d7 ,annual report ,n lat] ?an #a ye> aft] ! date on :i* ! ,advisory ,gr\p submits ! report requir$ "u subsection 7c77#b71 & annually !reaft]1 ! ,commission %all submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate a report t describes ! /atus ( g5d]1 racial1 & e?nic div]sity1 & ! /atus ( div]sity ) respect to individuals self-id5tify+ z lesbian1 gay1 bisexual1 transg5d]1 or que]1 among memb]s ( ! bo>ds ( directors ( issu]s1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal gov]nm5t entity1 & congressional di/rict4 7e7 ,public availability ( reports ,! ,commission %all make all reports ( ! ,advisory ,gr\p available to issu]s & ! public1 includ+ on ! website ( ! ,commission4 7f7 ,inapplicability ( ,f$]al ,advisory ,committee ,act ,! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 %all n apply ) respect to ! ,advisory ,gr\p or ! activities ( ! ,advisory ,gr\p4 ,d ,ensur+ ,div]sity 9 ,community ,bank+ #dda4 ,%ort title ,?is subtitle may be cit$ z ! ,ensur+ ,div]sity 9 ,community ,bank+ ,act4 #ddb4 ,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 ,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 #ddc4 ,def9itions ,9 ?is subtitle3 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 #ddd4 ,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$]al ,res]ve ,act-- 7i7 m ?an #ej p]c5t ( ! out/&+ %>es ( :i* are held by #a or m wom52 & 7ii7 ! majority ( ! directors on ! bo>d ( directors ( :i* are wom54 4 #dde4 ,e/abli%m5t ( impact bank designation 7a7 ,9 g5]al ,ea* ,f$]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 #ddf4 ,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 #ddg4 ,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$]al bank+ ag5cy pursuant to section #dde ( ! ,ensur+ ,div]sity 9 ,community ,bank+ ,act4 4 7b7 ,te*nical am5dm5ts ,section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note7 is am5d$-- 7#a7 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ section-- & ins]t+ section32 & 7#b7 9 ! p>agraph head+ = p>agraph 7#a71 by /rik+ f9ancial & ins]t+ depository4 #ddh4 ,m9ority ,bank ,deposit ,program 7a7 ,9 g5]al ,section #abjd ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #ahaa note7 is am5d$ 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 #ddi4 ,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$it ,union ,adm9i/ration4 #dej4 ,inve/m5ts 9 m9ority depository in/itutions & impact banks 7a7 ,control = c]ta9 in/itutions ,section #g7;j77#h77;,b7 ( ! ,f$]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 #dde ( ! ,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 #dde7 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 #dea4 ,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 #deb4 ,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 ! program1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates7 & ,tribal gov]nm5t entity4 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 #dde ( ! ,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 #dec4 ,/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 #dde ( ! ,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 #ded4 ,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 7z designat$ pursuant to section #dde7 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 ,e ,exp&+ ,opportunity = ,m9ority ,depository ,in/itutions #dfa4 ,e/abli%m5t ( ,f9ancial ,ag5t ,m5tor-,protg ,program 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$ by add+ at ! end ! foll[+ new subsection3 7d7 ,f9ancial ,ag5t ,m5tor-,protg ,program 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury %all e/abli% a program to be kn[n z ! ,f9ancial ,ag5t ,m5tor-,protg ,program 79 ?is subsection ref]r$ to z ! ,program7 "u :i* a f9ancial ag5t designat$ by ! ,secret>y or a l>ge f9ancial in/itution may s]ve z a m5tor1 "u guidance or regulations prescrib$ by ! ,secret>y1 to a small f9ancial in/itution to all[ su* small f9ancial in/itution-- 7,a7 to be prep>$ to p]=m z a f9ancial ag5t2 or 7,b7 to improve capacity to provide s]vices to ! cu/om]s ( ! small f9ancial in/itution4 7#b7 ,outrea* ,! ,secret>y %all hold outrea* ev5ts to promote ! p>ticipation ( f9ancial ag5ts1 l>ge f9ancial in/itutions1 & small f9ancial in/itutions 9 ! ,program at lea/ once a ye>4 7#c7 ,exclusion ,! ,secret>y %all issue guidance or regulations to e/abli% a process "u :i* a f9ancial ag5t1 l>ge f9ancial in/itution1 or small f9ancial in/itution may be exclud$ f p>ticipation 9 ! ,program4 7#d7 ,report ,! ,(fice ( ,m9ority & ,wom5 ,inclusion ( ! ,dep>tm5t ( ! ,treasury %all include 9 ! report submitt$ to ,congress "u section #cdb7;e7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act in=mation p]ta9+ to ! ,program1 includ+-- 7,a7 ! numb] ( f9ancial ag5ts1 l>ge f9ancial in/itutions1 & small f9ancial in/itutions p>ticipat+ 9 su* ,program1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal gov]nm5t entity1 & congressional di/rict2 & 7,b7 ! numb] ( outrea* ev5ts describ$ 9 p>agraph 7#b7 held dur+ ! ye> cov]$ by su* report4 7#e7 ,def9itions ,9 ?is subsection3 7,a7 ,f9ancial ag5t ,! t]m f9ancial ag5t means any national bank+ association designat$ by ! ,secret>y ( ! ,treasury to be employ$ z a f9ancial ag5t ( ! ,gov]nm5t4 7,b7 ,l>ge f9ancial in/itution ,! t]m l>ge f9ancial in/itution means any entity regulat$ by ! ,comptroll] ( ! ,curr5cy1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,f$]al ,deposit ,insurance ,corporation1 or ! ,national ,cr$it ,union ,adm9i/ration t has total consolidat$ assets great] ?an or equal to #ej1jjj1jjj1jjj4 7,c7 ,small f9ancial in/itution ,! t]m small f9ancial in/itution means-- 7i7 any entity regulat$ by ! ,comptroll] ( ! ,curr5cy1 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,f$]al ,deposit ,insurance ,corporation1 or ! ,national ,cr$it ,union ,adm9i/ration t has total consolidat$ assets less] ?an or equal to #b1jjj1jjj1jjj2 or 7ii7 a m9ority depository in/itution4 4 7b7 ,effective date ,?is section & ! am5dm5ts made by ?is section %all take effect #ij days aft] ! date ( ! enactm5t ( ?is ,act4 ,v ,community ,developm5t ,a ,,cdfi ,bond ,gu>antee ,program ,improvem5t #eaa4 ,s5se ( ,congress ,x is ! s5se ( ,congress t ! au?ority to gu>antee bonds "u section #aad;,a ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4 #dgac;a7 7commonly ref]r$ to z ! ,,cdfi ,bond ,gu>antee ,program7 provides community developm5t f9ancial in/itutions ) a su/a9able s\rce ( long-t]m capital & fur!rs ! mission ( ! ,community ,developm5t ,f9ancial ,in/itutions ,fund 7e/abli%$ "u section #ajd7;a7 ( su* ,act 7#ab ,u4,s4,c4 #dgjc7;a77 to increase economic opportunity & promote community developm5t inve/m5ts = und]s]v$ populations & di/ress$ communities 9 ! ,unit$ ,/ates4 #eab4 ,gu>antees = bonds & notes issu$ = community or economic developm5t purposes ,section #aad;,a ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4 #dgac;a7 is am5d$-- 7#a7 9 subsection 7c77#b71 by /rik+ 1 multipli$ by an am\nt equal to ! out/&+ pr9cipal balance ( issu$ notes or bonds2 7#b7 9 subsection 7e77#b77;,b71 by /rik+ #ajj1jjj1jjj & ins]t+ #be1jjj1jjj2 & 7#c7 9 subsection 7k71 by /rik+ ,septemb] #cj1 #bjad & ins]t+ ! date t is #d ye>s aft] ! date ( enactm5t ( ! ,,cdfi ,bond ,gu>antee ,program ,improvem5t ,act ( #bjbb4 #eac4 ,report on ! ,,cdfi bond gu>antee program ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 & n lat] ?an #c ye>s aft] su* date ( enactm5t1 ! ,secret>y ( ! ,treasury %all issue a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate on ! effectiv5ess ( ! ,,cdfi bond gu>antee program e/abli%$ "u section #aad;,a ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4 #dgac;a74 ,b ,exp&+ ,f9ancial ,access = ,und]s]v$ ,communities #eba4 ,cr$it union s]vice to und]s]v$ areas ,section #aji ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #agei7 is am5d$-- 7#a7 9 subsection 7c77#b7-- 7,a7 by /rik+ ! field ( memb]%ip category ( :i* is describ$ 9 subsection 7b77#b712 7,b7 by am5d+ subp>agraph 7,a7 to read z foll[s3 7,a7 ! ,bo>d det]m9es t ! local community1 neighborhood1 or rural di/rict is an und]s]v$ area2 & 2 & 7,c7 9 subp>agraph 7,b71 by ins]t+ n lat] ?an #b ye>s aft] hav+ su* und]s]v$ area add$ to ! cr$it union's *>t]1 be=e ! cr$it union2 & 7#b7 by add+ at ! end ! foll[+3 7h7 ,*ange ( field ( memb]%ip to include und]s]v$ areas 7#a7 ,9 g5]al ,if an exi/+ ,f$]al cr$it union applies to ! ,bo>d to alt] or exp& ! field ( memb]%ip ( ! cr$it union to s]ve an und]s]v$ area1 ! cr$it union %all submit a bus9ess & m>ket+ plan ) su* application t expla9s ! cr$it union's ability & int5t to s]ve ! population ( ! und]s]v$ area ?r\gh ! *ange 9 field ( memb]%ip4 7#b7 ,report by cr$it union ,n lat] ?an #b ye>s aft] ! date on :i* a ,f$]al cr$it union's application describ$ "u p>agraph 7#a7 is approv$1 ! cr$it union1 z "p ( ! ord9>y c\rse ( ! exam9ation cycle & sup]vision process1 %all submit a report to ! ,adm9i/ration t includes-- 7,a7 an e/imate ( ! numb] ( memb]s ( ! cr$it union :o are memb]s by reason ( ! application1 includ+ breakd[ns by ea* ,/ate 7includ+ ! ,di/rict ( ,columbia & ea* t]ritory ( ! ,unit$ ,/ates71 ,tribal gov]nm5t entity1 & congressional di/rict2 7,b7 a description ( ! types ( f9ancial s]vices utiliz$ by memb]s ( ! cr$it union :o are memb]s by reason ( ! application2 7,c7 an update ( ! cr$it union's implem5tation ( ! bus9ess & m>ket+ plan describ$ "u p>agraph 7#a72 & 7,d7 a description ( ! types ( f9ancial education programs made available to memb]s ( ! cr$it union1 includ+ ^? :o are memb]s by reason ( ! application & ^? 9 rural areas1 :]e applicable4 4 #ebb4 ,memb] bus9ess l5d+ 9 und]s]v$ areas ,section #ajg;,a7c77#a77;,b7 ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageg;a7c77#a77;,b77 is am5d$-- 7#a7 9 clause 7iv71 by /rik+ or at ! end2 7#b7 9 clause 7v71 by /rik+ ! p]iod & ins]t+ 2 or2 & 7#c7 by add+ at ! end ! foll[+3 7vi7 t is made to a memb] or associat$ borr[] t lives 9 or op]ates 9 an und]s]v$ area4 4 #ebc4 ,und]s]v$ area def9$ ,section #aja ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb7 is am5d$-- 7#a7 9 p>agraph 7#h71 by /rik+ 2 & & ins]t+ a p]iod2 7#b7 9 p>agraph 7#i71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#aj7 ,! t]m und]s]v$ area means a geographic area consi/+ ( "o or m population c5sus tracts or "o or m c\nties1 t encompass or are locat$ )9-- 7,a7 an inve/m5t area1 z def9$ "u section #ajc7af7 ( ! ,community ,developm5t ,bank+ & ,f9ancial ,in/itutions ,act ( #aiid2 7,b7 gr\ps ( contigu\s c5sus tracts 9 :i* at lea/ #he p]c5t individually qualify z l[-income communities1 z def9$ "u section #de;,d7e7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 or 7,c7 an area t is m ?an t5 miles1 z measur$ f ea* po9t along ! area's p]imet]1 f ! ne>e/ bran* ( a depository in/itution 7z def9$ "u section #c ( ! ,f$]al ,deposit ,insurance ,act7 or cr$it union4 4 #ebd4 ,reports by ! ,national ,cr$it ,union ,adm9i/ration 7a7 ,initial report ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is ,act1 b no soon] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,national ,cr$it ,union ,adm9i/ration %all issue a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate on ! implem5tation ( ! am5dm5ts made by ?is subtitle4 7b7 ,update ,! ,national ,cr$it ,union ,adm9i/ration %all issue an updat$ report on ! implem5tation ( ! am5dm5ts made by ?is subtitle to ! committees describ$ "u subsection 7a7 on ! date t is #e ye>s aft] ! date on :i* ! ,adm9i/ration issues ! initial report "u subsection 7a74 #ebe4 ,rule ( con/ruction ,no?+ 9 ?is subtitle or ! am5dm5ts made by ?is subtitle may be con/ru$ to prev5t or o!rwise imp$e ! ability ( insur$ depository in/itutions 7z def9$ 9 section #c ( ! ,f$]al ,deposit ,insurance ,act7 to e/abli% bran*es & provide bank+ s]vices 9 und]s]v$ areas4 ,,vi ,ensur+ ,div]se ,lead]%ip ( ! ,f$]al ,res]ve #fja4 ,%ort title ,?is title may be cit$ z ! ,ensur+ ,div]se ,lead]%ip ,act ( #bjbb4 #fjb4 ,congressional ,f9d+s ,! ,congress f9ds t-- 7#a7 :ile significant progress has occurr$ due to ! antidiscrim9ation am5dm5ts to ! ,f$]al ,res]ve ,act1 b>ri]s cont9ue to pose significant ob/acles = c&idates reflective ( g5d] div]sity & racial or e?nic div]sity = ,f$]al ,res]ve bank presid5t positions 9 ! ,f$]al ,res]ve ,sy/em2 7#b7 ! cont9u+ b>ri]s describ$ 9 p>agraph 7#a7 m]it ! foll[+ am5dm5t2 7#c7 ,congress has receiv$ & review$ te/imony & docum5tation ( ! hi/orical lack ( g5d]1 racial1 & e?nic div]sity f num]\s s\rces1 includ+ congressional he>+s1 sci5tific reports1 reports issu$ by public & private ag5cies1 news /ories1 & reports ( relat$ b>ri]s by organizations & individuals1 :i* %[ t race-1 e?nicity-1 & g5d]-neutral ef=ts alone are insuffici5t to address ! problem2 7#d7 ! te/imony & docum5tation describ$ 9 p>agraph 7#c7 demon/rate t b>ri]s across ! ,unit$ ,/ates prove problematic = full & fair p>ticipation 9 develop+ monet>y policy by individuals reflective ( g5d] div]sity & racial or e?nic div]sity2 & 7#e7 ! te/imony & docum5tation describ$ 9 p>agraph 7#c7 provide a /rong basis t !re is a compell+ ne$ = ! bel[ am5dm5t to address ! hi/orical lack ( g5d]1 racial1 & e?nic div]sity 9 ! ,f$]al ,res]ve regional bank presid5ts selection process 9 ! ,f$]al ,res]ve ,sy/em4 #fjc4 ,f$]al res]ve bank presid5ts 7a7 ,9 g5]al ,! provision designat$ fif? ( ! f\r? undesignat$ p>agraph ( section #d ( ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cda7 is am5d$ by ins]t+ aft] employees4 ! foll[+3 ,9 mak+ ! appo9tm5t ( a presid5t1 ! bank %all int]view at lea/ "o individual reflective ( g5d] div]sity & "o individual reflective ( racial or e?nic div]sity44 7b7 ,report ,n lat] ?an ,janu>y #a ( ea* ye>1 ea* ,f$]al res]ve bank %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 & ! ,(fice ( ,inspector ,g5]al = ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( ,consum] ,f9ancial ,protection a report describ+ ! applicant pool demographic = ! position ( ! presid5t ( ! ,f$]al res]ve bank = ! prec$+ fiscal ye>1 if applicable4 #fjd4 ,te*nical adju/m5ts 7a7 ,am]ican ,competitiv5ess & ,work=ce ,improvem5t ,act ( #aiih ,section #dah7;b7 ( ! ,am]ican ,competitiv5ess & ,work=ce ,improvem5t ,act ( #aiih 7#h ,u4,s4,c4 #aahd note7 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7b7 ,bretton ,woods ,agreem5ts ,act ,! ,bretton ,woods ,agreem5ts ,act 7#bb ,u4,s4,c4 #bhf et seq47 is am5d$-- 7#a7 9 section #d7;a71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#b7 9 section #de7;a77#a71 by /rik+ *airman ( ! bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7c7 ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act ,! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq47 is am5d$ by /rik+ ,*airman ( ! ,bo>d ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bo>d4 7d7 ,em]g5cy ,economic ,/abilization ,act ( #bjjh ,! ,em]g5cy ,economic ,/abilization ,act ( #bjjh 7#ab ,u4,s4,c4 #ebja et seq47 is am5d$ by /rik+ ,*airman ( ! ,bo>d ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bo>d4 7e7 ,em]g5cy ,loan ,gu>antee ,act ,section #b ( ! ,em]g5cy ,loan ,gu>antee ,act 7#ae ,u4,s4,c4 #ahda7 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7f7 ,em]g5cy ,/eel ,loan ,gu>antee & ,em]g5cy ,oil & ,gas ,gu>ante$ ,loan ,act ( #aiii ,! ,em]g5cy ,/eel ,loan ,gu>antee & ,em]g5cy ,oil & ,gas ,gu>ante$ ,loan ,act ( #aiii 7#ae ,u4,s4,c4 #ahda note7 is am5d$-- 7#a7 9 section #aja7;e77#b7-- 7,a7 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7,b7 by /rik+ ,*airman1 & ins]t+ ,*air12 & 7#b7 9 section #bja7;d77#b77;,b7-- 7,a7 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7,b7 by /rik+ ,*airman1 & ins]t+ ,*air14 7g7 ,f>m ,cr$it ,act ( #aiga ,section #d4i7;d77#a77;,c7 ( ! ,f>m ,cr$it ,act ( #aiga 7#ab ,u4,s4,c4 #bafj7;d77#a77;,c77 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7h7 ,f$]al ,deposit ,insurance ,act ,! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahaa et seq47 is am5d$-- 7#a7 9 section #g7;a77#c71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#b7 9 section #aj7k77#e77;,b77ii71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7i7 ,f$]al ,res]ve ,act ,! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #bbf et seq47 is am5d$-- 7#a7 by /rik+ *airman ea* place su* t]m appe>s & ins]t+ *air2 7#b7 by /rik+ ,*airman ea* place su* t]m appe>s o!r ?an 9 section #aa7r77#b77;,b7 & ins]t+ ,*air2 7#c7 9 section #b1 9 ! six? undesignat$ p>agraph-- 7,a7 9 ! second s5t5ce1 by /rik+ 8 & ins]t+ ! ,comptroll] ( ! ,curr5cy's2 & 7,b7 9 ! ?ird s5t5ce1 by /rik+ 8 & ins]t+ ! director's2 7#d7 9 section #d-- 7,a7 9 ! ?ird undesignat$ p>agraph1 by /rik+ 8 (fice & ins]t+ ! ,(fice ( ! ,comptroll] ( ! ,curr5cy2 7,b7 9 ! f\r? undesignat$ p>agraph1 9 ! provision designat$ fif?1 by /rik+ 8 & ins]t+ ! p]son's2 7,c7 9 ! eigh? undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! *air's2 7,d7 9 ! sev5te5? undesignat$ p>agraph-- 7i7 by /rik+ 8 & ins]t+ ! (fic]'s2 & 7ii7 by /rik+ he & ins]t+ ! individual2 7,e7 9 ! tw5tie? undesignat$ p>agraph-- 7i7 by /rik+ ,he ea* place su* t]m appe>s & ins]t+ ,! *air2 7ii7 9 ! ?ird s5t5ce-- 7,i7 by /rik+ 8 & ins]t+ !2 & 7,,ii7 by /rik+ he & ins]t+ a comma2 & 7iii7 9 ! fif? s5t5ce1 by /rik+ he & ins]t+ ! *air2 & 7,f7 9 ! tw5ty-fir/ undesignat$ p>agraph1 by /rik+ 8 ea* place su* t]m appe>s & ins]t+ ! ag5t's2 7#e7 9 section #f1 9 ! second undesignat$ p>agraph1 by /rik+ he & ins]t+ ! ,comptroll] ( ! ,curr5cy2 7#f7 9 section #i;,a7c77#b77;,c71 by /rik+ he & ins]t+ ! p>ticipant2 7#g7 9 section #aj-- 7,a7 by /rik+ he ea* place su* t]m appe>s & ins]t+ ! memb]2 7,b7 9 ! second undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! memb]'s2 & 7,c7 9 ! f\r? undesignat$ p>agraph-- 7i7 9 ! second s5t5ce1 by /rik+ 8 & ins]t+ ! *air's2 7ii7 9 ! fif? s5t5ce1 by /rik+ 8 & ins]t+ ! memb]'s2 & 7iii7 9 ! six? s5t5ce1 by /rik+ 8 & ins]t+ ! memb]'s2 7#h7 9 section #ab1 by /rik+ 8 & ins]t+ ! memb]'s2 7#i7 9 section #ac1 9 ! t5? undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! assur$'s2 7#aj7 9 section #af-- 7,a7 by /rik+ he ea* place su* t]m appe>s & ins]t+ ! ag5t2 7,b7 9 ! sev5? undesignat$ p>agraph-- 7i7 by /rik+ 8 & ins]t+ ! ag5t's2 & 7ii7 by /rik+ himself & ins]t+ ! ag5t2 7,c7 9 ! t5? undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! ,secret>y's2 & 7,d7 9 ! fifte5? undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! ag5t's2 7#aa7 9 section #ah1 9 ! eigh? undesignat$ p>agraph1 by /rik+ he & ins]t+ ! ,secret>y ( ! ,treasury2 7#ab7 9 section #bb-- 7,a7 9 subsection 7f71 by /rik+ 8 & ins]t+ ! director's or (fic]'s2 & 7,b7 9 subsection 7g7-- 7i7 9 p>agraph 7#a77;,d7-- 7,i7 by /rik+ him & ins]t+ ! (fic]2 & 7,,ii7 by /rik+ he & ins]t+ ! (fic]2 & 7ii7 9 p>agraph 7#b77;,a71 by /rik+ him z 8 & ins]t+ ! (fic] z ! (fic]'s2 & 7#ac7 9 section #be;,a-- 7,a7 9 ! twelf? undesignat$ p>agraph-- 7i7 by /rik+ he ea* place su* t]m appe>s & ins]t+ ! memb]2 & 7ii7 by /rik+ 8 & ins]t+ ! memb]'s2 7,b7 9 ! f\rte5? undesignat$ p>agraph1 by /rik+ 8 & ins]t+ ! director's or (fic]'s2 & 7,c7 9 ! tw5ty-second undesignat$ p>agraph1 by /rik+ 8 ea* place su* t]m appe>s & ins]t+ su* individual's4 7j7 ,f$]al ,res]ve ,re=m ,act ( #aigg ,section #bjd7;b7 ( ! ,f$]al ,res]ve ,re=m ,act ( #aigg 7#ab ,u4,s4,c4 #bdb note7 is am5d$ by /rik+ ,*airman or ,vice ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air or ,vice ,*air ( ! ,bo>d ( ,gov]nors4 7k7 ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi ,! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi is am5d$-- 7#a7 9 section #cjh 7#ab ,u4,s4,c4 #adfc note7-- 7,a7 9 subsection 7a71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7,b7 9 subsection 7c71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 7#b7 9 section #ajja7;a7 7#ab ,u4,s4,c4 #ahaa note71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#c7 9 section #abje7;b77#a77;,a7 7#ab ,u4,s4,c4 #ahah note7-- 7,a7 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7,b7 by /rik+ ,*airman's & ins]t+ ,*air's4 7l7 ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh ,section #acajf7;a7 ( ! ,food1 ,cons]vation1 & ,en]gy ,act ( #bjjh 7#g ,u4,s4,c4 #b note7 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7m7 ,h\s+ & ,community ,developm5t ,act ( #aiib ,section #acac7;a77#c7 ( ! ,h\s+ & ,community ,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 #deac7;a77#c77 is am5d$-- 7#a7 9 ! head+1 by /rik+ *airman & ins]t+ *air2 7#b7 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#c7 by /rik+ ,*airman reg>d+ & ins]t+ ,*air reg>d+4 7n7 ,inspector ,g5]al ,act ( #aigh ,section #h;,g ( ! ,inspector ,g5]al ,act ( #aigh is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7o7 ,int]national ,l5d+ ,sup]vision ,act ( #aihc ,section #ijh7;b77#c77;,c7 ( ! ,int]national ,l5d+ ,sup]vision ,act ( #aihc 7#ab ,u4,s4,c4 #cijg7;b77#c77;,c77 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7p7 ,neighborhood ,re9ve/m5t ,corporation ,act ,section #fjd7;a77#c7 ( ! ,neighborhood ,re9ve/m5t ,corporation ,act 7#db ,u4,s4,c4 #hajc7;a77#c77 is am5d$ by /rik+ ,*airman ea* place x appe>s & ins]t+ ,*air4 7q7 ,public ,law #ic-die ,section #bjb7;a77#a7 ( ,public ,law #ic-die 7#ab ,u4,s4,c4 #bdjb7;a77#a77 is am5d$-- 7#a7 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#b7 by /rik+ 8 & ins]t+ ! ,*air's4 7r7 ,s>banes-,oxley ,act ( #bjjb ,section #aja7;e77#d77;,a7 ( ! ,s>banes-,oxley ,act ( #bjjb 7#ae ,u4,s4,c4 #gbaa7;e77#d77;,a77 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7s7 ,securities ,ex*ange ,act ( #aicd ,section #ag;,a7f77#d77;,c7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghq-#a7;f77#d77;,c77 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7t7 ,title #ca ,title #ca1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 9 section #acdd7;b77#g71 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors2 & 7#b7 9 section #ecah;,a1 by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors ea* place su* t]m appe>s & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7u7 ,trade ,act ( #aigd ,section #afc7;b77#c7 ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bbac7;b77#c77 is am5d$ by /rik+ ,*airman ( ! ,bo>d ( ,gov]nors & ins]t+ ,*air ( ! ,bo>d ( ,gov]nors4 7v7 ,deem+ ( "n ,any ref]5ce 9 a law1 regulation1 docum5t1 pap]1 or o!r record ( ! ,unit$ ,/ates to ! ,*airman ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all be deem$ to be a ref]5ce to ! ,*air ( ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em4 ,,vii ,/udy+ ,b>ri]s to ,h\s+ #gja4 ,%ort title ,?is title may be cit$ z ! ,/udy+ ,b>ri]s to ,h\s+ ,act4 #gjb4 ,,gao /udy & report on r$uc+ homelessness ?r\gh public h\s+ & section #h r5tal assi/ance 7a7 ,/udy ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy to id5tify any b>ri]s t limit ! ability ( a public h\s+ ag5cy 9 attempt+ to provide h\s+ assi/ance "u ! ,public ,h\s+ & ,h\s+ ,*oice ,v\*] programs "u title ,i ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg et seq47 = populations exp]i5c+ homelessness1 :i* %all include-- 7#a7 id5tification ( any laws1 regulations1 & any o!r notices or guidance p]ta9+ to-- 7,a7 wait+ li/s1 docum5tation requirem5ts1 or t5ant scre5+ t effect ! ability ( a public h\s+ ag5cy to accept p]sons & families exp]i5c+ homelessness into ! public h\s+ or v\*] program2 & 7,b7 fund+ =mulas & p]=mance measures t may p5alize public h\s+ ag5cies try+ to s]ve p]sons & families exp]i5c+ homelessness2 7#b7 analyz+ & det]m9+ ! effect ( ! limitation "u section #h7o77#ac77;,b7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db ,u4,s4,c4 #adcg;f7o77#ac77;,b72 relat+ to ! maximum am\nt ( h\s+ v\*] assi/ance t a public h\s+ ag5cy may use = project-bas$ assi/ance7 has on ! ability ( public h\s+ ag5cies to s]ve p]sons & families exp]i5c+ homelessness2 & 7#c7 id5tification ( b>ri]s to fair h\s+ & ! coord9ation ( ,f$]al h\s+ assi/ance & homelessness funds1 includ+ outrea* & m>ket+ ( su* funds1 to affirmatively fur!r fair h\s+ = protect$ classes "u ! ,fair ,h\s+ ,act ( #aifh 7#db ,u4,s4,c4 #cfja et seq47 t are disproportionately exp]i5c+ homelessness4 7b7 ,report ,n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit a report to ! ,congress describ+ ! /udy conduct$ pursuant to subsection 7a7 & sett+ =? ! results & conclusions ( ! /udy4 ,,viii ,/ate ( ,h\s+ 9 ! ,unit$ ,/ates #hja4 ,int]ag5cy work+ gr\p reports ,!re is e/abli%$ an int]ag5cy work+ gr\p consi/+ ( ! ,secret>y ( ! ,treasury1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 :i* %all produce two reports1 9 consultation ) ! ,attorney ,g5]al1 ! ,secret>y ( ,agriculture1 ! ,secret>y ( ,vet]ans ,affairs1 ! ,secret>y ( ,transportation1 & ! ,executive ,director ( ! ,unit$ ,/ates ,int]ag5cy ,c\ncil on ,homelessness1 ea* ye> detail+ ! /ate ( h\s+ 9 ! ,unit$ ,/ates1 includ+ recomm5dations relat$ to h\s+ fairness1 af=dability4 & supply4 #hjb4 ,te/imony on ! /ate ( h\s+ af=dability & supply ,aft] ea* report is produc$ "u section #fja1 ea* memb] ( ! int]ag5cy work+ gr\p describ$ "u section #fja %all appe> be=e ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate to te/ify on ! cont5ts ( su* report4 ,,xi ,report on h\s+ = ,,lgbtq p]sons #ija4 ,,hud report ,n lat] ?an ! expiration ( ! #f-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all submit a report to ! ,congress describ+ all ef=ts & activities ( ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 rec5tly tak51 ongo+1 or plann$1 to provide or facilitate access to af=dable p]man5t & tempor>y h\s+ = p]sons :o id5tify z lesbian1 gay1 bisexual1 transg5d]1 que/ion+_/que]1 or ano!r id5tity o!r ?an het]osexual1 includ+ su* p]son :o are y\?1 eld]ly1 & homeless4 ,x ,exp&+ ,access to ,cr$it ?r\gh ,consum]-,p]mission$ ,data #ajja4 ,%ort title ,?is title may be cit$ z ! ,exp&+ ,access to ,cr$it ?r\gh ,consum]-,p]mission$ ,data ,act4 #ajjb4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,us+ alt]native data 9 mortgage l5d+ 7ei!r ?r\gh alt]native cr$it scores or 9 und]writ+7 has ! pot5tial to increase access to cr$it = individuals ) little or no cr$it hi/ory ) ! national cr$it report+ ag5cies 7,n,c,r,as71 accord+ to a review ( alt]native data use 9 mortgage l5d+ by ! ,gov]nm5t ,acc\ntability ,(fice 9 ,decemb] #bjba4 7#b7 ,approximately #de million consum]s d n h any cr$it hi/ory ) ! ,n,c,r,as or did n h en\gh cr$it hi/ory to be scor$1 accord+ to a #bjae report by ! ,bureau ( ,consum] ,f9ancial ,protection 7,,cfpb71 entitl$ ,data ,po9t3 ,cr$it ,invisibles4 ,! ,,cfpb also report$ t ?is population disproportionately includ$ l[-income consum]s1 y\ng] consum]s1 & consum]s ( color4 7#c7 ,! use ( alt]native data to e/abli% a l[- or mod]ate-income borr[]'s cr$it hi/ory = ! purpose ( ext5d+ mortgage cr$it c help l5d]s meet goals ( ! ,community ,re9ve/m5t ,act4 7#d7 ,mortgage und]writ+ sy/ems t all[ l5d]s to use consum]-p]mission$ alt]native cr$it in=mation may help exp& access to mortgages = borr[]s ) l[] cr$it scores & communities ( color4 ,on ,septemb] #ba1 #bjba1 ,fannie ,mae updat$ its automat$ und]writ+ sy/em s t x notifies l5d]s t a borr[] may b5efit f ! inclusion ( consi/5t r5tal paym5t in=mation1 & ) ! consum]'s p]mission1 ! und]writ+ sy/em w automatically id5tify r5tal paym5ts )9 bank /atem5t data & include ?is 9 its cr$it assessm5t4 ,accord+ to a fair l5d+ & cr$it risk analysis by ,fannie ,mae & ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! populations mo/ likely to b5efit f ?is *ange are applicants ) l[] cr$it scores1 :o are disproportionately consum]s ( color4 #ajjc4 ,requirem5t to consid] additional cr$it in=mation :5 mak+ mortgage loans 7a7 ,9 g5]al ,! ,equal ,cr$it ,opportunity ,act 7#ae ,u4,s4,c4 #afia et seq47 is am5d$ by ins]t+ aft] section #gja ! foll[+3 #gja;,a4 ,requirem5t to consid] additional cr$it in=mation :5 mak+ mortgage loans 7a7 ,9 g5]al ,a cr$itor ext5d+ a mortgage loan %all1 9 evaluat+ ! cr$itwor?9ess ( an applicant1 consid] cr$it in=mation n report$ ?r\gh a consum] report+ ag5cy1 if-- 7#a7 ! applicant-- 7,a7 reque/s su* consid]ation1 & has n retract$ su* reque/2 7,b7 provides ! cr$it in=mation to be consid]$2 & 7,c7 /ates t ! applicant does n believe t cr$it in=mation report$ ?r\gh consum] report+ ag5cies fully or accurately reflects ! applicant's cr$itwor?9ess 9 ! abs5ce ( su* in=mation2 & 7#b7 ! cr$it in=mation relates to ! types ( in=mation t ! cr$itor w\ld consid] if o!rwise report$ & includes curr5t paym5t & transaction in=mation1 su* z bank /atem5t in=mation or r5tal paym5t in=mation4 7b7 ,treatm5t ( additional in=mation ,a cr$itor %all treat any in=mation provid$ pursuant to subsection 7a7 9 ! same mann] & ) ! same weight z ! cr$itor w\ld treat ! same in=mation if x 7 provid$ by a consum] report+ ag5cy1 unless ! cr$itor reasonably det]m9es t ! in=mation is ! result ( a mat]ial misrepres5tation4 7c7 ,notice to applicants 7#a7 ,9 g5]al ,a cr$itor describ$ "u subsection 7a7 %all provide ea* applicant = a mortgage loan ) a notice t includes-- 7,a7 an explanation ( ! applicant's "r "u ?is section to provide additional cr$it in=mation to ! cr$itor = consid]ation1 includ+ examples ( su* additional in=mation1 z well z ! b5efits ( provid+ su* in=mation2 7,b7 ! "r ( ! cr$itor to disreg>d any su* in=mation if ! cr$itor det]m9es t ! in=mation is ! result ( a mat]ial misrepres5tation2 & 7,c7 ! "r ( an applicant to retract ! applicant's reque/ to use su* additional cr$it in=mation at any po9t 9 ! application process4 7#b7 ,notice languages ,notices requir$ "u p>agraph 7#a7 %all be made available 9 ea* ( ! #h languages mo/ commonly spok5 by individuals ) limit$ ,engli% pr(ici5cy1 z det]m9$ by ! ,director ( ! ,bureau us+ in=mation publi%$ by ! ,director ( ! ,bureau ( ! ,c5sus4 7#c7 ,=m language ,! ,director ( ! ,bureau %all e/abli% =m language1 :i* %all be us$ by ea* cr$itor :5 provid+ ! notices requir$ "u ?is subsection1 provid+-- 7,a7 ! examples describ$ "u p>agraph 7#a77;,a72 7,b7 ! description ( ! b5efits describ$ "u p>agraph 7#a77;,a72 & 7,c7 ! non-,engli% language v]sions ( ! notices describ$ "u p>agraph 7#b74 7d7 ,consid]ation ( alt]native data2 treatm5t ( und]writ+ sy/ems ,a cr$itor %all ensure t ! alt]native data provid$ "u ! requirem5ts ( subsection 7a7 %all be consid]$ z "p ( ! decision+ process4 ,any cr$itor :o develops or ma9ta9s an und]writ+ sy/em = mortgage loans %all ensure su* sy/em complies ) ! requirem5ts describ$ "u subsection 7a74 7e7 ,consum] report+ ag5cy def9$ ,9 ?is section1 ! t]m consum] report+ ag5cy has ! mean+ giv5 t t]m "u section #fjc ( ! ,fair ,cr$it ,report+ ,act4 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = ! ,equal ,cr$it ,opportunity ,act is am5d$ by ins]t+ aft] ! item relat+ to section #gja ! foll[+3 #gja;,a4 ,requirem5t to consid] additional cr$it in=mation :5 mak+ mortgage loans4 4 ,,xi ,paym5t ,*oice #aaja4 ,%ort title ,?is subtitle may be cit$ z ! ,paym5t ,*oice ,act ( #bjbb4 #aajb4 ,s5se ( congress ,x is ! s5se ( ,congress t e consum] has ! "r to use ca% at retail bus9esses :o accept 9-p]son paym5ts4 #aajc4 ,retail bus9esses prohibit$ f refus+ ca% paym5ts 7a7 ,9 g5]al ,sub*apt] ,i ( *apt] #ea ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 #eajd4 ,retail bus9esses prohibit$ f refus+ ca% paym5ts 7a7 ,9 g5]al ,any p]son engag$ 9 ! bus9ess ( sell+ or (f]+ goods or s]vices at retail to ! public ) a p]son accept+ 9-p]son paym5ts at a physical location 7includ+ a p]son accept+ paym5ts = telephone1 mail1 or int]net-bas$ transactions :o is accept+ 9-p]son paym5ts at a physical location7-- 7#a7 %all accept ca% z a =m ( paym5t = sales ( less ?an #b1jjj 7or1 = loan paym5ts1 paym5ts made on a loan ) an orig9al pr9cipal am\nt ( less ?an #b1jjj7 made at su* physical location2 & 7#b7 may n *>ge ca%-pay+ cu/om]s a high] price comp>$ to ! price *>g$ to cu/om]s n pay+ ) ca%4 7b7 ,exceptions 7#a7 ,9 g5]al ,subsection 7a7 %all n apply to a p]son if su* p]son-- 7,a7 is unable to accept ca% because (-- 7i7 a sale sy/em failure t tempor>ily prev5ts ! process+ ( ca% paym5ts2 or 7ii7 a tempor>y insuffici5cy 9 ca% on h& ne$$ to provide *ange2 or 7,b7 provides cu/om]s ) ! means1 on ! premises1 to conv]t ca% into a c>d t is ei!r a g5]al-use prepaid c>d1 a gift c>d1 or an access device = electronic fund transf]s = :i*-- 7i7 !re is no fee = ! use ( ! c>d2 7ii7 !re is n a m9imum deposit am\nt great] ?an #a doll>2 7iii7 am\nts load$ on ! c>d d n expire1 except z p]mitt$ "u p>agraph 7#b72 7iv7 !re is no collection ( any p]sonal id5tify+ in=mation f ! cu/om]2 7v7 !re is no fee to use ! c>d2 & 7iv7 !re may be a limit to ! numb] ( transactions4 7#b7 ,inactivity ,a p]son seek+ exception f subsection 7a7 may *>ge an inactivity fee 9 association ) a c>d (f]$ by su* p]son if-- 7,a7 !re has be5 no activity ) respect to ! c>d dur+ ! #ab-mon? p]iod end+ on ! date on :i* ! inactivity fee is impos$2 7,b7 n m ?an #a inactivity fee is impos$ 9 any #a-mon? p]iod2 & 7,c7 x is cle>ly & conspicu\sly /at$1 on ! face ( ! me*anism t issues ! c>d & on ! c>d-- 7i7 t an inactivity fee or *>ge may be impos$2 7ii7 ! frequ5cy at :i* su* inactivity fee may be impos$2 & 7iii7 ! am\nt ( su* inactivity fee4 7c7 ,"r to n accept l>ge bills 7#a7 ,9 g5]al ,not)/&+ subsection 7a71 = ! #e-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is section1 ?is section %all n require a p]son to accept ca% paym5ts 9 #ej bills or any l>g] bill4 7#b7 ,rulemak+ 7,a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 9 ?is section ref]r$ to z ! ,secret>y1 %all issue a rule on ! date t is #e ye>s aft] ! date ( ! enactm5t ( ?is section ) respect to any bills a p]son is n requir$ to accept4 7,b7 ,requirem5t ,:5 issu+ a rule "u subp>agraph 7,a71 ! ,secret>y %all require p]sons to accept #a1 #e1 #aj1 #bj1 & #ej bills4 7d7 ,en=cem5t 7#a7 ,prev5tative relief ,:5ev] any p]son has engag$1 or !re are reasonable gr\nds to believe t any p]son is ab\t to engage1 9 any act or practice prohibit$ by ?is section1 a civil action = prev5tive relief1 includ+ an application = a p]man5t or tempor>y injunction1 re/ra9+ ord]1 or o!r ord] may be br\ght aga9/ su* p]son4 7#b7 ,civil p5alties ,any p]son :o violates ?is section %all-- 7,a7 be liable = actual damages2 7,b7 be f9$ n m ?an #b1ejj = a fir/ (f5se2 & 7,c7 be f9$ n m ?an #e1jjj = a second or subsequ5t (f5se4 7#c7 ,jurisdiction ,an action "u ?is section may be br\ght 9 any ,unit$ ,/ates di/rict c\rt1 or 9 any o!r c\rt ( compet5t jurisdiction4 7#d7 ,int]v5tion ( attorney g5]al ,^u timely application1 a c\rt may1 9 its discretion1 p]mit ! ,attorney ,g5]al to int]v5e 9 a civil action br\ght "u ?is subsection1 if ! ,attorney ,g5]al c]tifies t ! action is ( g5]al public importance4 7#e7 ,au?ority to appo9t c\rt-paid attorney ,^u application by an individual & 9 su* circum/ances z ! c\rt may det]m9e j1 ! c\rt may appo9t an attorney = su* individual & may au?orize ! comm5cem5t ( a civil action "u ?is subsection )\t ! paym5t ( fees1 co/s1 or security4 7#f7 ,attorney's fees ,9 any action comm5c$ pursuant to ?is section1 ! c\rt1 9 its discretion1 may all[ ! prevail+ p>ty1 o!r ?an ! ,unit$ ,/ates1 a reasonable attorney's fee z "p ( ! co/s1 & ! ,unit$ ,/ates %all be liable = co/s ! same z a private p]son4 7#g7 ,requirem5ts 9 c]ta9 /ates & local areas ,9 ! case ( an alleg$ act or practice prohibit$ by ?is section :i* occurs 9 a ,/ate1 or political subdivision ( a ,/ate1 :i* has a ,/ate or local law prohibit+ su* act or practice & e/abli%+ or au?oriz+ a ,/ate or local au?ority to grant or seek relief f su* act or practice or to in/itute crim9al proce$+s ) respect !reto ^u receiv+ notice !re(1 no civil action may be br\ght h]eund] be=e ! expiration ( #cj days aft] writt5 notice ( su* alleg$ act or practice has be5 giv5 to ! appropriate ,/ate or local au?ority by regi/]$ mail or 9 p]son1 provid$ t ! c\rt may /ay proce$+s 9 su* civil action p5d+ ! t]m9ation ( ,/ate or local en=cem5t proce$+s4 7e7 ,great] protection "u /ate law ,?is section %all n preempt any law ( a ,/ate1 ! ,di/rict ( ,columbia1 a ,tribal gov]nm5t1 or a t]ritory ( ! ,unit$ ,/ates if ! protections t su* law af=ds to consum]s are great] ?an ! protections provid$ "u ?is section4 7f7 ,rulemak+ ,! ,secret>y %all issue su* rules z ! ,secret>y det]m9es are necess>y to implem5t ?is section1 :i* may prescribe additional exceptions to ! application ( ! requirem5ts describ$ 9 subsection 7a74 4 7b7 ,cl]ical am5dm5t ,! table ( cont5ts = *apt] #ea ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ aft] ! item relat+ to section #eajc ! foll[+3 #eajd4 ,retail bus9esses prohibit$ f refus+ ca% paym5ts4 4 7c7 ,rule ( con/ruction ,! am5dm5ts made by ?is section may n be con/ru$ to h any effect on section #eajc ( title #ca1 ,unit$ ,/ates ,code4 ,pass$ ! ,h\se ( ,repres5tatives ,june #ae1 #bjbb4;,cl]k4