I 
116TH CONGRESS 
2D SESSION 
H. R. 6868 
To amend the CARES Act to establish a Community Capital Investment 
Program, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 14, 2020 
Mr. GREEN of Texas introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend the CARES Act to establish a Community Capital 
Investment Program, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. COMMUNITY CAPITAL INVESTMENT PROGRAM. 
Section 4003 of the CARES Act (15 U.S.C. 9042) 
is amended by adding at the end the following: 
‘‘(i) COMMUNITY CAPITAL INVESTMENT PROGRAM.— 
‘‘(1) IN
GENERAL.—The Secretary of the 
Treasury shall establish a Community Capital In-
vestment Program (the ‘Program’) to support the ef-
forts of community investment institutions to pro-
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vide loans and forbearance for small businesses, mi-
nority-owned businesses, and consumers, especially 
in low-income and underserved communities, by— 
‘‘(A) providing direct capital investments 
in community investment institutions; and 
‘‘(B) providing loans to community invest-
ment institutions— 
‘‘(i) that are interest-free loans; 
‘‘(ii) that have a loan term of 5 years; 
and 
‘‘(iii) with respect to which no loan 
payment is required until at least the end 
of the 6-month period beginning on the 
date the loan is made, or such longer term 
as the Secretary may determine appro-
priate. 
‘‘(2) APPLICATION DATE.—The Secretary shall 
begin accepting applications for capital investments 
and loans under the Program not later than the end 
of the 10-day period beginning on the date of enact-
ment of this subsection. 
‘‘(3) DIVIDEND RATE.—Any preferred stock or 
other financial instrument issued to the Secretary in 
exchange for a capital investment under the Pro-
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gram shall carry a dividend or interest rate that 
does not exceed 1 percent. 
‘‘(4) 
RESTRICTIONS.—The 
restrictions 
de-
scribed under subsection (c)(3)(A)(ii) shall apply to 
capital investments and loans made under this sub-
section. 
‘‘(5) AVAILABLE
AMOUNTS.—In carrying out 
the Program, the Secretary shall use amounts made 
available under subsection (b), notwithstanding the 
limitations on the use of such funds under para-
graphs (1) through (4) of such subsection (b). 
‘‘(6) MDI SET-ASIDE.—At least $3,000,000,000 
of the direct capital investments and loans made by 
the Secretary under the Program shall be made to 
minority depository institutions. 
‘‘(7) TREATMENT OF CAPITAL INVESTMENTS.— 
In making any capital investment under the Pro-
gram, the Secretary shall ensure that the terms of 
the investment are designed to ensure the invest-
ment receives Tier 1 capital treatment. 
‘‘(8) DEFINITIONS.—In this subsection: 
‘‘(A) COMMUNITY
INVESTMENT
INSTITU-
TION.—The term ‘community investment insti-
tution’ means— 
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‘‘(i) a community development finan-
cial institution, as defined under section 
103 of the Riegle Community Development 
and Regulatory Improvement Act of 1994 
(12 U.S.C. 4702); 
‘‘(ii) an impact credit union; 
‘‘(iii) an impact bank; and 
‘‘(iv) a minority depository institution, 
as defined under section 308 of the Finan-
cial Institutions Reform, Recovery, and 
Enforcement Act of 1989 (12 U.S.C. 1463 
note). 
‘‘(B) CREDIT
UNION.—The term ‘credit 
union’ has the meaning given the terms State 
credit union and Federal credit union under 
section 101 of the Federal Credit Union Act 
(12 U.S.C. 1752). 
‘‘(C) IMPACT
CREDIT
UNION.—The term 
‘impact credit union’ means a credit union 
that— 
‘‘(i) has total consolidated assets of 
less than $10,000,000,000; and 
‘‘(ii) extends at least 50 percent of the 
loans extended by the credit union to bor-
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rowers who are low-income borrowers, as 
determined by the Secretary. 
‘‘(D) IMPACT
BANK.—The term ‘impact 
bank’ means a depository institution (as defined 
under section 3 of the Federal Deposit Insur-
ance Act) that— 
‘‘(i) has total consolidated assets of 
less than $10,000,000,000; and 
‘‘(ii) extends at least 50 percent of the 
loans extended by the institution to bor-
rowers who are low-income borrowers, as 
determined by the Secretary.’’. 
Æ 
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