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US HR5315
US HR5315Expanding Opportunity for MDIs Act Expanding Opportunity for Minority Depository Institutions Act
summary
Introduced
12/05/2019
12/05/2019
In Committee
12/11/2019
12/11/2019
Crossed Over
01/14/2020
01/14/2020
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Expanding Opportunity for MDIs Act Expanding Opportunity for Minority Depository Institutions Act Expanding Opportunity for Minority Depository Institutions Act This bill establishes the Financial Agent Mentor-Protégé Program within the Department of the Treasury. The program provides participating minority deposit institutions and small financial institutions with mentorship regarding becoming a financial agent for Treasury and improving service capacity.
AI Summary
This bill establishes the Financial Agent Mentor-Protégé Program within the Department of the Treasury. The program provides participating minority deposit institutions (MDIs) and small financial institutions with mentorship regarding becoming a financial agent for the Treasury and improving their service capacity. The bill defines key terms such as "financial agent," "large financial institution," and "small financial institution," which includes MDIs. The program also requires the Treasury to hold outreach events to promote participation and establish a process to exclude certain entities from the program.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (6)
Joyce Beatty (D)*,
Emanuel Cleaver (D),
Al Green (D),
Denny Heck (D),
Gregory Meeks (D),
David Scott (D),
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/14/2020)
Official Document
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