shall meet with the Community Advisory Committee of the 
institution before— 
‘‘(1) the institution applies for a merger or ac-
quisition; 
‘‘(2) the institution, or any subsidiary of the in-
stitution, applies for deposit insurance; 
‘‘(3) the institution applies to open a new 
branch or to relocate an existing branch; or 
‘‘(4) the institution provides notice that it 
would close a branch or other facility. 
‘‘SEC. 812. STUDY ON DISCRIMINATION AND DISPARITIES IN 
ACCESS TO CREDIT. 
‘‘(a) STUDY.—Not later than the end of the 2-year 
period beginning on the date of enactment of this section, 
and every 2 years thereafter, the appropriate Federal fi-
nancial supervisory agencies shall, jointly, and in consulta-
tion with such other Federal or State agencies as the ap-
propriate Federal financial supervisory agencies determine 
appropriate, complete an interagency statistical study to 
identify— 
‘‘(1) metropolitan areas and rural counties that 
either experience ongoing discrimination or exhibit 
significant racial disparities in access to credit for 
any racial or ethnic group; and 
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‘‘(2) significant disparities in access to branches 
by racial or ethnic composition of census tract and 
disparities in access to community development fi-
nancing by racial or ethnic composition of census 
tract. 
‘‘(b) USE OF DATA.—In carrying out each study re-
quired under subsection (a), the appropriate Federal fi-
nancial supervisory agencies shall make use of data includ-
ing— 
‘‘(1) data obtained under the Home Mortgage 
Disclosure Act of 1975 (12 U.S.C. 2801 et seq.); 
‘‘(2) data obtained under section 704B of the 
Equal Credit Opportunity Act (15 U.S.C. 1691o–2); 
‘‘(3) data obtained under this Act; 
‘‘(4) available State data; and 
‘‘(5) information contained in public litigation 
against regulated financial institutions for redlining 
or lending discrimination (including litigation initi-
ated by the Bureau of Consumer Financial Protec-
tion, the Department of Housing and Urban Affairs, 
the Department of Justice, or by private parties). 
‘‘(c) REPORT.—Upon the completion of each study 
required under subsection (a), the appropriate Federal fi-
nancial supervisory agencies shall jointly submit to the 
Committee on Banking, Housing, and Urban Affairs of 
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the Senate and the Committee on Financial Services of 
the House of Representatives a report that includes— 
‘‘(1) all findings and determinations made in 
carrying out the study; and 
‘‘(2) policy recommendations to remedy the dis-
crimination and disparities identified in the study. 
‘‘SEC. 813. PUBLIC REGISTRIES. 
‘‘The appropriate Federal supervisory financial agen-
cies, acting through the Federal Financial Institutions Ex-
amination Council, shall— 
‘‘(1) maintain a list of community-based organi-
zations and other stakeholders who wish to be listed 
and who have commented on examinations con-
ducted under section 804 and applications regarding 
community needs and bank performance; and 
‘‘(2) conduct outreach to community groups 
and strive for geographical diversity, gender and ra-
cial diversity, and diversity in terms of various types 
of needs, including affordable housing and economic 
development to community facilities.’’. 
(c) AMENDMENT TO THE BANK HOLDING COMPANY 
ACT OF 1956.—Section 4(k)(6) of the Bank Holding 
Company Act of 1956 (12 U.S.C. 1843(k)(6)) is amended 
to read as follows: 
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‘‘(6) NOTICE AND OPPORTUNITY FOR COMMENT 
REQUIRED.— 
‘‘(A) IN GENERAL.—No financial holding 
company shall directly or indirectly acquire, and 
no company that becomes a financial holding 
company shall directly or indirectly acquire con-
trol of, any company in the United States, in-
cluding through merger, consolidation, or other 
type of business combination, that is engaged in 
activities permitted under this subsection or 
subsection (n) or (o), unless— 
‘‘(i) the holding company has provided 
notice to the Board, not later than 60 days 
prior to the proposed acquisition or prior 
to becoming a financial holding company, 
and during that time period, or such 
longer time period not exceeding an addi-
tional 60 days, as established by the 
Board; 
‘‘(ii) the Board has provided public 
notice and opportunity for comment for 
not less than 60 days; and 
‘‘(iii) the Board has not issued a no-
tice disapproving the proposed acquisition 
or retention. 
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‘‘(B) FACTORS FOR CONSIDERATION.—In 
reviewing any prior notice filed under this para-
graph, the Board shall— 
‘‘(i) consider the overall rating of the 
financial holding company under the Com-
munity Reinvestment Act of 1977 (12 
U.S.C. 2901 et seq.) and any improvement 
plans submitted pursuant to that Act; 
‘‘(ii) provide opportunity for public 
comment for a period of not less than 60 
days; 
‘‘(iii) consider changes in the commu-
nity reinvestment performance of the fi-
nancial holding company since the last rat-
ing under the Community Reinvestment 
Act of 1977 (12 U.S.C. 2901 et seq.) by 
the appropriate Federal financial super-
visory agency; and 
‘‘(iv) require— 
‘‘(I) a demonstration that grant-
ing the application for a deposit facil-
ity is in the public interest, which 
shall include submission to the appro-
priate Federal financial supervisory 
agency of a community benefits plan 
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