Bill > HR7953

This bill, the Expanding Opportunity for Minority Depository Institutions (MDIs) Act, amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Financial Agent Mentor-Protégé Program within the Department of the Treasury. The program allows financial agents designated by the Treasury Secretary or large financial institutions (those with assets over $50 billion) to serve as mentors to small financial institutions (those with assets under $2 billion or minority depository institutions) to help them become prepared to perform as financial agents or improve their capacity to provide services to customers. The bill requires the Treasury to hold annual outreach events to promote the program and allows the exclusion of participants from the program. It also requires the Office of Minority and Women Inclusion to report on the program's participation and outreach events.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/7953/all-info