110 HR 4043 EH: Preserving and Expanding Minority Depository Institutions Act U.S. House of Representatives 0 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.

I 110th CONGRESS 1st Session H. R. 4043 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to preserve and expand minority depository institutions, and for other purposes.

1.

Short title

This Act may be cited as the Preserving and Expanding Minority Depository Institutions Act.

2.

Preserving and expanding minority depository institutions

(a)

In general

Section 308(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463(a) note) is amended— (1)by inserting the Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency after consult with; and (2)by inserting a comma after Thrift Supervision. (b)

Report

Section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note) is amended by adding at the end the following new subsection: (c)

Reports

The Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, and the Chairperson of the Federal Deposit Insurance Corporation shall each submit an annual report to the Congress containing a description of actions taken to carry out this section.. (c)

Technical and conforming amendment

Effective upon the enactment of subsection (b), section 3(g)(2) of the Home Owners’ Loan Act (12 U.S.C. 1462a(g)(2)) is amended to read as follows: (2)[Repealed]..

Passed the House of Representatives December 5, 2007.Lorraine C. Miller,Clerk.