3.0.0 6745 2023-03-08T19:58:39Z 2023-03-08T19:58:39Z House HR 2022-02-15 117 [Congressional Record Volume 168, Number 30 (Tuesday, February 15, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 6745.Congress has the power to enact this legislation pursuantto the following:Article 1.[Page H1124]]]> hssm00 Small Business Committee House Standing Referred to 2022-02-15T15:03:25Z hsba00 Financial Services Committee House Standing Referred to 2022-02-15T15:03:20Z Federal Reserve Racial and Economic Equity Act 117 2543 HR 2022-06-21 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2022-02-15 Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2022-02-15 Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2022-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-02-15 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2022-02-15 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2022-02-15 True B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2022-02-15 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2022-02-15 True G000574 Rep. Gallego, Ruben [D-AZ-7] Ruben Gallego D AZ 7 2022-08-30 False Finance and Financial Sector Finance and Financial Sector 00 2022-02-15 Introduced in House 2022-05-24T16:39:25Z Ensuring Diversity in Community Banking Act

This bill establishes and revises provisions related to minority depository institutions, community development financial institutions, and impact banks.

The bill (1) expands the definition of minority depository institutions to include women-owned banks, and (2) establishes impact banks as depository institutions with total assets less than $10 billion and where a certain total dollar value of loans are extended to low-income borrowers.

The bill establishes a program allowing minority depository institutions and impact banks to receive deposits from certain Department of the Treasury accounts through designated custodial entities. It also establishes the Minority Bank Deposit Program to prioritize the use of minority depository institutions to the maximum extent possible to serve the financial needs of federal departments and agencies.

Federal banking agencies must issue rules allowing new minority depository institutions and impact banks three years to meet capital requirements.

]]> Ensuring Diversity in Community Banking Act Display Title Ensuring Diversity in Community Banking Act Short Title(s) as Introduced Ensuring Diversity in Community Banking Act Introduced in House IH Official Title as Introduced To establish or modify requirements relating to minority depository institutions, community development financial institutions, and impact banks, and for other purposes. Introduced in House IH Introduced in House 2022-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr6745ih/xml/BILLS-117hr6745ih.xml 2022-02-15 Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.