United States · Bill · HR
H.R. 5322 (116th)
Ensuring Diversity in Community Banking Act
Introduced
5 December 2019
Last action
22 September 2020 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Meeks, Gregory W. [D-NY-5], Rep. Green, Al [D-TX-9], Rep. Tlaib, Rashida [D-MI-12], Rep. Cleaver, Emanuel [D-MO-5], David Scott, Rep. Clay, Wm. Lacy [D-MO-1], Rep. Beatty, Joyce [D-OH-3], Rep. Khanna, Ro [D-CA-17]
Subjects
Discovery layer
Source updated
28 May 2025
Summary
Ensuring Diversity in Community Banking Act of 2019 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 at least 50% 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 ensure the use of minority banks and minority credit unions 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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
5 December 2019
Introduced
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.
Source: IntroReferral
5 December 2019
Introduced
Introduced in House
Source: IntroReferral
5 December 2019
Introduced
Introduced in House
Source: IntroReferral
10 December 2019
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
11 December 2019
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
Source: Committee
11 December 2019
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
21 September 2020
Floor
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
Source: Floor
21 September 2020
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
21 September 2020
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4597-4600)
Source: Floor
21 September 2020
Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Source: Floor
21 September 2020
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 5322.
Source: Floor
21 September 2020
Floor
Considered under suspension of the rules. (consideration: CR H4597-4602)
Source: Floor
22 September 2020
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 22 September 2020 · Download file
- Engrossed in House · 21 September 2020 · Download file
- Introduced in House · 5 December 2019 · Download file
Documents
8 official files
Referred in Senate (text)
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Leesvertaling
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Referred in Senate (text)
Referred in Senate · EN · 22 September 2020
Referred in Senate (PDF)
Referred in Senate · EN · 22 September 2020
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Engrossed in House (text)
Engrossed in House · EN · 21 September 2020
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Engrossed in House (PDF)
Engrossed in House · EN · 21 September 2020
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Passed House
summary · EN · 21 September 2020
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Introduced in House (text)
Introduced in House · EN · 5 December 2019
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Introduced in House (PDF)
Introduced in House · EN · 5 December 2019
ViewDownloadOpen at official source
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Introduced in House
summary · EN · 5 December 2019
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
- Rep. Green, Al [D-TX-9] · D · Sponsor
- Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
- Rep. Cleaver, Emanuel [D-MO-5] · D · Sponsor
- David Scott · D · Sponsor
- Rep. Clay, Wm. Lacy [D-MO-1] · D · Sponsor
- Rep. Beatty, Joyce [D-OH-3] · D · Sponsor
- Rep. Khanna, Ro [D-CA-17] · D · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
- · hssm00 · Standing
Related records
- related to ← Workforce Emergency Response Act of 2020
- related to ← Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
- related to ← Heroes Small Business Lifeline Act
- related to ← Economic Justice Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/5322
- Open data entity: https://api.congress.gov/v3/bill/116/hr/5322
- us · 116-hr-5322 · source updated 28 May 2025