Bill
Bill > HR7953
US HR7953
Expanding Opportunity for MDIs Act Expanding Opportunity for Minority Depository Institutions Act
summary
Introduced
06/07/2022
06/07/2022
In Committee
06/07/2022
06/07/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Financial Agent Mentor-Protégé Program within the Department of the Treasury, and for other purposes.
AI Summary
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.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 06/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/7953/all-info |
BillText | https://www.congress.gov/117/bills/hr7953/BILLS-117hr7953ih.pdf |
Bill | https://www.congress.gov/117/bills/hr7953/BILLS-117hr7953ih.pdf.pdf |
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