,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #igfg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bc1        
#bjbd,ms4 ,wat]s introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to make 
re=ms to provide support = m9ority      
depository in/itutions1 community       
developm5t f9ancial in/itutions1 &      
m9ority l5d+ in/itutions to promote &   
advance communities ( color ?r\gh       
inclusive l5d+1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,promot+ & ,advanc+ ,communities (      
,color ,?r\gh ,inclusive ,l5d+ ,act4    
#b4 ,/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   
,m9ority l5d+ in/itution set-,aside 9   
provid+ assi/ance ,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 ( 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 (   
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* ,fund applicant &       
recipi5t %all provide ! foll[+3 7,a7    
,data1 bas$ on volunt>y                 
self-id5tification1 on ! racial1 e?nic1 
& g5d] composition (-- 7i7 ! bo>d (     
directors ( ! in/itution2  7ii7 nom9ees 
= ! bo>d ( directors ( ! in/itution2 &  
7iii7 ! 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  
,annual report ,n lat] ?an #ah mon?s    
aft] ! date ( enactm5t ( ?is subsection1

 & annually !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 ! data & tr5ds ( !     
div]sity in=mation made available       
pursuant to p>agraph 7#b72 &  7,b7      
conta9+ all 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 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
 engag+ ) ! ,dep>tm5t ( ! ,treasury1 !  
,community ,developm5t ,f9ancial        
,in/itutions ,fund 7,,cdfi ,fund71 o!r  

,f$]al ,gov]nm5t ag5cies1 includ+ by    
provid+ contact in=mation1 res\rces1    
te*nical assi/ance1 & o!r support =     
entities wi%+-- 7i7 to become c]tifi$ 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 #e1   
publi%+ reports issu$ by ! ,(fice on !  
website ( ! ,dep>tm5t ( ! ,treasury &   
provid+ hyp]l9ks to o!r relevant reports
 & mat]ials f o!r ,f$]al ag5cies2  7,d7 
to provide policy recomm5dations to !   
,secret>y1 ! ,,cdfi ,fund1 o!r relevant 
,f$]al ag5cies1 & ,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 relat$ 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 ,! ,deputy ,assi/ant ,secret>y =  
,div]se & ,mission-,driv5 ,community    
,f9ancial ,in/itutions %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 ) ! ,director ( ! ,community      
,developm5t ,f9ancial ,in/itutions ,fund
 & su* o!r gov]nm5t (ficials z ! ,deputy
 ,assi/ant ,secret>y 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 ,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  #c4 ,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  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 may     
transf] am\nts 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  4  
7d7 ,te*nology grants = ,m,d,is &       
,c,d,f,is ,section #ajd;,a ( ! ,riegle  
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dgjc;a71 z am5d$ by subsection 7c71 is 
fur!r am5d$ by add+ at ! end ! foll[+3  
7q7 ,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 %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 #a 
ye> 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 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 make grants "u       
p>agraph 7#b71 b n to exce$ #bej1jjj1jjj
 9 ! aggregate4  4  7e7 ,pilot program =
 e/abli%+ de novo ,c,d,f,is & ,m,d,is   
,section #ajd;,a ( ! ,riegle ,community 
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dgjc;a71 z 
am5d$ by subsections 7c7 & 7d71 is fur!r
 am5d$ by add+ at ! end ! foll[+3  7r7  
,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$7 to     
e/abli% a m9ority depository in/itution 
or a community developm5t f9ancial      
in/itution1 z applicable4  7#d7 ,fund+  
,! ,secret>y may use am\nts 9 ! ,em]g5cy
 ,capital ,inve/m5t ,fund to make grants
 "u p>agraph 7#b71 b n to exce$         
#ajj1jjj1jjj 9 ! aggregate4  4  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  #d4         
,support+ ,"y ,entrepr5eurs ,program    
,section #ajh ( ! ,riegle ,community    
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dgjg71 z   
am5d$ by section #b7;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      
bus9ess4  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  #e4 ,map (  
m9ority depository in/itutions &        
community developm5t f9ancial           
in/itutions  7a7 ,9 g5]al ,! ,secret>y (
 ! ,treasury1 9 consultation ) ! ,,cdfi 
,fund & ! ,f$]al bank+ ag5cies1 %all    
e/abli% an int]active1 se>*able map %[+ 
! geographic locations ( ! headqu>t]s & 
bran* locations ( m9ority depository    
in/itutions & community developm5t      
f9ancial in/itutions t h be5 c]tifi$ by 
! ,secret>y4 ,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  #f4 ,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,is2  7,c7 ! prim>y l9es (
 bus9ess = diff]5t types ( c]tifi$      
,c,d,f,is1 z well z any second>y l9es ( 
bus9ess2  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  #g4            
,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  
relevant in=mation on c]tifi$ ,c,d,f,is 
& applicants f ! applicable ,f$]al      
regulator to m9imize duplicative data   
collection reque/s made by ! ,fund (    
c]tifi$ ,c,d,f,is & applicants & to     
exp$ite c]tification1 re-c]tification1  
or o!r relevant processes adm9i/]$ 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  #h4 ,access to !  
disc\nt w9d[ ( ! ,f$]al ,res]ve ,sy/em =
 ,m,d,is & ,c,d,f,is ,! ,bo>d (         
,gov]nors ( ! ,f$]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
  #i4 ,/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