ices, in particular for persons without bank ac-
counts, with low access to financial services, or low 
utilization of mainstream financial services, 
(2) that promote the development of new finan-
cial products and services that are adequate to im-
prove access to wealth building financial services, 
which help integrate more Americans into the finan-
cial mainstream, 
(3) that promote education for these persons 
and depository institutions concerning the avail-
ability and use of financial services for and by such 
persons, and 
(4) that include other such activities and 
projects as the Secretary may determine are con-
sistent with the purpose of this section. 
(c) ELIGIBLE ENTITIES.— 
(1) IN GENERAL.—An entity is eligible to re-
ceive a grant under this section if such an entity 
is— 
(A) an organization described in section 
501(c)(3) of the Internal Revenue Code of 1986 
and exempt from tax under section 501(a) of 
such Code, 
(B) a federally insured depository institu-
tion, 
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sroberts on DSKD5P82C1PROD with BILLS
(C) an agency of a State or local govern-
ment, 
(D) a community development financial in-
stitution, 
(E) an Indian tribal organization, 
(F) an Alaska Native Corporation, 
(G) a Native Hawaiian organization, 
(H) 
an 
organization 
described 
in 
501(c)(5), and exempt from tax under section 
501(a), of such Code, 
(I) a nonbank financial service provider, or 
(J) a partnership comprised of 1 or more 
of the entities described in the preceding sub-
paragraphs. 
(2) DEFINITIONS.—For purposes of this sec-
tion— 
(A) FEDERALLY INSURED DEPOSITORY IN-
STITUTION.—The term ‘‘federally insured de-
pository institution’’ means any insured deposi-
tory institution (as defined in section 3 of the 
Federal Deposit Insurance Act (12 U.S.C. 
1813)) and any insured credit union (as defined 
in section 101 of the Federal Credit Union Act 
(12 U.S.C. 1752)). 
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(B) COMMUNITY
DEVELOPMENT
FINAN-
CIAL INSTITUTION.—The term ‘‘community de-
velopment financial institution’’ means any or-
ganization that has been certified as such pur-
suant to section 1805.201 of title 12, Code of 
Federal Regulations. 
(C) ALASKA NATIVE CORPORATION.—The 
term ‘‘Alaska Native Corporation’’ has the 
same meaning as the term ‘‘Native Corpora-
tion’’ under section 3(m) of the Alaska Native 
Claims Settlement Act (43 U.S.C. 1602(m)). 
(D) NATIVE HAWAIIAN ORGANIZATION.— 
The term ‘‘Native Hawaiian organization’’ 
means any organization that— 
(i) serves and represents the interests 
of Native Hawaiians, and 
(ii) has as a primary and stated pur-
pose the provision of services to Native 
Hawaiians. 
(E) LABOR
ORGANIZATION.—The term 
‘‘labor organization’’ means an organization— 
(i) in which employees participate, 
(ii) which exists for the purpose, in 
whole or in part, of dealing with employers 
concerning 
grievances, 
labor 
disputes, 
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