IB 
Union Calendar No. 289 
110TH CONGRESS 
1ST SESSION H. R. 4043 
[Report No. 110–465] 
To amend the Financial Institutions Reform, Recovery, and Enforcement 
Act of 1989 to preserve and expand minority depository institutions, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 1, 2007 
Mr. WATT (for himself, Mr. GARY G. MILLER of California, Mr. FRANK of 
Massachusetts, Mr. GUTIERREZ, Mr. CLEAVER, Mr. CAPUANO, Mrs. 
MCCARTHY of New York, Ms. CARSON, Mr. MEEKS of New York, Mr. 
CLAY, Mr. AL GREEN of Texas, Ms. MOORE of Wisconsin, and Mr. 
ELLISON) introduced the following bill; which was referred to the Com-
mittee on Financial Services 
DECEMBER 4, 2007 
Additional sponsors: Mr. HINOJOSA, Mr. BACA, and Mr. SCOTT of Georgia 
DECEMBER 4, 2007 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
A BILL 
To amend the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 to preserve and expand minor-
ity depository institutions, and for other purposes. 
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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 ‘‘Preserving and Ex-
panding Minority Depository Institutions Act’’. 
SEC. 2. PRESERVING AND EXPANDING MINORITY DEPOSI-
TORY INSTITUTIONS. 
(a) IN GENERAL.—Section 308(a) of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 
1989 (12 U.S.C. 1463(a) nt.) is amended— 
(1) by inserting ‘‘the Chairman of the Board of 
Governors of the Federal Reserve System, the 
Comptroller of the Currency’’ after ‘‘consult with’’; 
and 
(2) by inserting a comma after ‘‘Thrift Super-
vision’’. 
(b) REPORT.—Section 308 of the Financial Institu-
tions Reform, Recovery, and Enforcement Act of 1989 (12 
U.S.C. 1463 nt.) is amended by adding at the end the 
following new subsection: 
‘‘(c) REPORTS.—The Secretary of the Treasury, the 
Chairman of the Board of Governors of the Federal Re-
serve System, the Comptroller of the Currency, the Direc-
tor of the Office of Thrift Supervision, and the Chair-
person of the Federal Deposit Insurance Corporation shall 
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each submit an annual report to the Congress containing 
a description of actions taken to carry out this section’’. 
(c) TECHNICAL AND CONFORMING AMENDMENT.— 
Effective upon the enactment of subsection (b), section 
3(g)(2) of the Home Owners’ Loan Act (12 U.S.C. 
1462a(g)(2)) is amended to read as follows: 
‘‘(2) [Repealed].’’. 
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Union Calendar No. 289 
110TH CONGRESS 
1ST SESSION 
H. R. 4043 
[Report No. 110–465] 
A BILL 
To amend the Financial Institutions Reform, Re-
covery, and Enforcement Act of 1989 to preserve 
and expand minority depository institutions, and 
for other purposes. 
DECEMBER 4, 2007 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Aug 31 2005 
20:45 Dec 04, 2007
Jkt 069200
PO 00000
Frm 00004
Fmt 6651
Sfmt 6651
E:\BILLS\H4043.RH
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jlentini on PROD1PC65 with BILLS