United States · Bill · HR
H.R. 6745 (117th)
Ensuring Diversity in Community Banking Act
Introduced
15 February 2022
Last action
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Status
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.
Sponsors
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Subjects
Discovery layer
Source updated
15 May 2025
Summary
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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 15 February 2022
Introduced in House (PDF)
Introduced in House · EN · 15 February 2022
Introduced in House
summary · EN · 15 February 2022
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/6745
- Open data entity: https://api.congress.gov/v3/bill/117/hr/6745