H.R. 5322: Ensuring Diversity in Community Banking Act

116th Congress

To establish or modify requirements relating to minority depository institutions, community development financial institutions, and impact banks, and for other purposes.

Sponsor: Rep. Gregory Meeks — D — NY

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 establish...

View the full vote history of this bill on GovTrack.us.