I 
115TH CONGRESS 
2D SESSION 
H. R. 6186 
To establish Minority Depository Institutions Advisory Committees, to provide 
advice related to preserving and encouraging minority depository institu-
tions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 21, 2018 
Mr. MEEKS (for himself, Ms. MAXINE WATERS of California, Mrs. BEATTY, 
and Mr. EVANS) introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To establish Minority Depository Institutions Advisory Com-
mittees, to provide advice related to preserving and en-
couraging minority depository institutions, 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. SHORT TITLE. 
This Act may be cited as the ‘‘Minority Bank Advi-
sory Committee Act of 2018’’. 
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SEC. 2. MINORITY DEPOSITORY INSTITUTIONS ADVISORY 
COMMITTEES. 
(a) ESTABLISHMENT.—The Board of Governors of 
the Federal Reserve System, the Comptroller of the Cur-
rency, and the Federal Deposit Insurance Corporation 
shall each establish an advisory committee to be called the 
‘‘Minority Depository Institutions Advisory Committee’’. 
(b) DUTIES.—Each Minority Depository Institutions 
Advisory Committee shall provide advice to the respective 
agency on meeting the goals established by section 308 
of the Financial Institutions Reform, Recovery, and En-
forcement Act of 1989 (12 U.S.C. 1463 note) to preserve 
the present number of minority depository institutions, 
preserve the minority character of minority owned institu-
tions in cases involving mergers or acquisitions, provide 
technical assistance, and encourage the creation of new 
minority depository institutions. The scope of the Minority 
Depository Institutions Advisory Committees’ work shall 
include an assessment of the current condition of minority 
depository institutions, what regulatory changes or other 
steps the respective agencies may be able to take to fulfill 
the mandate of such section 308, and other issues of con-
cern to minority depository institutions. 
(c) MEMBERSHIP.—Each Minority Depository Insti-
tutions Advisory Committee shall consist of no more than 
10 members, who— 
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(1) shall serve for one two-year term; 
(2) shall serve as a representative of a deposi-
tory institution with respect to which the respective 
agency is the appropriate Federal banking agency; 
and 
(3) shall not receive pay by reason of their serv-
ice on the advisory committee, but may receive travel 
or transportation expenses in accordance with sec-
tion 5703 of title 3, United States Code. 
(d) NO TERMINATION OF ADVISORY COMMITTEES.— 
The termination requirements under section 14 of the 
Federal Advisory Committee Act (5 U.S.C. app.) shall not 
apply to an advisory committee established pursuant to 
this section. 
(e) DEFINITIONS.—For purposes of this section: 
(1) MINORITY DEPOSITORY INSTITUTION.—The 
term ‘‘minority depository institution’’ has the 
meaning given that term under section 308 of the 
Financial Institutions Reform, Recovery, and En-
forcement Act of 1989. 
(2) OTHER DEFINITIONS.—The terms ‘‘appro-
priate Federal banking agency’’ and ‘‘depository in-
stitution’’ have the meaning given those terms, re-
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spectively, under section 3 of the Federal Deposit 
Insurance Act. 
Æ 
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