Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 5322
116th Congress(2019-2020)
Ensuring Diversity in Community Banking Act
Active
Active
Passed House on Sep 21, 2020
Overview
Text
Introduced
Dec 5, 2019
Latest Action
Sep 22, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5322
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Gregory Meeks
New York
Democrat
Ro Khanna
California
Democrat
David Scott
Georgia
Democrat
Rashida Tlaib
Michigan
Democrat
Emanuel Cleaver
Missouri
Democrat
William Lacy Clay
Missouri
Democrat
Joyce Beatty
Ohio
Democrat
Al Green
Texas
House Votes (1)
Senate Votes (0)
checkPassed on September 21, 2020
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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.

Text (3)
Referred in Senate
September 22, 2020
Engrossed in House
September 21, 2020
Introduced in House
December 5, 2019
Related Bills (4)
Dec 18, 2020
Introduced in Senate
26
Sponsorship
Senate Bill 5065
Economic Justice Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Oct 20, 2020
Introduced in Senate
35
Sponsorship
Senate Bill 4818
Heroes Small Business Lifeline Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 23, 2020
Introduced in House
10
Sponsorship
House Bill 6379
Workforce Emergency Response Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 23, 2020
Introduced in House
1
Sponsorship
House Bill 6321
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (12)
09/22/2020
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/21/2020
Motion to reconsider laid on the table Agreed to without objection.
09/21/2020
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4597-4600)
09/21/2020
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
09/21/2020
DEBATE - The House proceeded with forty minutes of debate on H.R. 5322.
09/21/2020
Considered under suspension of the rules. (consideration: CR H4597-4602)
09/21/2020
Mr. Sherman moved to suspend the rules and pass the bill, as amended.
12/11/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
12/11/2019
Committee Consideration and Mark-up Session Held.
12/10/2019
Committee Consideration and Mark-up Session Held.
12/05/2019
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.
12/05/2019
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:05 PM
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