United States · Bill · HR
H.R. 5322 (116th)
Ensuring Diversity in Community Banking Act
Introduced
5 December 2019
Last action
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Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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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.
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Votes
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Documents
8 official files
Referred in Senate (text)
Referred in Senate (text)
Referred in Senate · EN · 22 September 2020
Referred in Senate (PDF)
Referred in Senate · EN · 22 September 2020
Engrossed in House (text)
Engrossed in House · EN · 21 September 2020
Engrossed in House (PDF)
Engrossed in House · EN · 21 September 2020
Passed House
summary · EN · 21 September 2020
Introduced in House (text)
Introduced in House · EN · 5 December 2019
Introduced in House (PDF)
Introduced in House · EN · 5 December 2019
Introduced in House
summary · EN · 5 December 2019
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/5322
- Open data entity: https://api.congress.gov/v3/bill/116/hr/5322