any institution described in section 809(a) which is
not an affiliate of any bank holding company or sav-
ings and loan holding company.
‘‘(2) IMPROVED DATA COLLECTION FOR SMALL
BUSINESS
AND
FARM
LOANS.—Regulations pre-
scribed under this section shall require the following
information to be collected by regulated financial in-
stitutions in connection with applications for farm
and small business loans:
‘‘(A) The race and gender of applicants,
including minority-owned and women-owned
farms or small businesses.
‘‘(B) The revenue of applicants for farm
and small business loans.
‘‘(C) The actual census tract in which the
applicant resides or is located.
‘‘(D) The disposition of the application by
the regulated financial institution and appli-
cant.
‘‘(3) DEFINITIONS.—For purposes of this para-
graph (2), the following definitions shall apply:
‘‘(A) MINORITY-OWNED
FARM
OR
SMALL
BUSINESS.—The term ‘minority-owned farm or
small business’ means a farm or small
business—
‘‘(i) more than 50 percent of the own-
ership or control of which is held by 1 or
more minority individuals; and
‘‘(ii) more than 50 percent of the net
profit or loss of which accrues to 1 or more
minority individuals.
‘‘(B) WOMEN-OWNED
FARM
OR
SMALL
BUSINESS.—The term ‘women-owned farm or
small business’ means a farm or small
business—
‘‘(i) more than 50 percent of the own-
ership or control of which is held by 1 or
more women; and
‘‘(ii) more than 50 percent of the net
profit or loss of which accrues to 1 or more
women.
‘‘(C) MINORITY.—The term ‘minority’ has
the meaning given to such term by section
1204(c)(3) of the Financial Institutions Re-
form, Recovery and Enforcement Act of 1989.’’.
SEC. 222. MAINTENANCE AND DISCLOSURE OF INFORMA-
TION BY THE FINANCIAL INSTITUTIONS EX-
AMINATION COUNSEL.
In collecting information from financial institutions,
and affiliates of financial institutions, under the Commu-
nity Reinvestment Act of 1977 and the Home Mortgage
Disclosure Act of 1975 relating to farm, small business,
and home loans, and maintaining such information on and
disclosing such information from the national information
center database, the Financial Institutions Examination
Council shall identify whether the financial institution or
affiliate is transmitting such information pursuant to the
Community Reinvestment Act of 1977 or the Home Mort-
gage Disclosure Act of 1975.
TITLE III—REGULATORY AND
STRUCTURAL REFORMS
SEC. 301. ANTIREDLINING REQUIREMENT FOR FINANCIAL
HOLDING COMPANIES.
Section 4(l)(1) of the Bank Holding Company Act of
1956 (12 U.S.C. 1843(l)(1)) is amended—
(1) by striking ‘‘and’’ at the end of subpara-
graph (B);
(2) by striking the period at the end of sub-
paragraph (C) and inserting ‘‘; and’’; and
(3) by adding at the end the following new sub-
paragraph:
‘‘(D) in the case of any bank holding com-
pany which underwrites or sells, or any affiliate
of which underwrites or sells, annuities con-
tracts or contracts insuring, guaranteeing, or
indemnifying against loss, harm, damage, ill-
ness, disability, or death—
‘‘(i) the company or affiliate has not
been adjudicated in any Federal court, and
has not entered into a consent decree filed
in a Federal court or into a settlement
agreement, premised upon a violation of
the Fair Housing Act for the activities de-
scribed in this subparagraph; or
‘‘(ii) if such company or affiliate has
entered into any such consent decree or
settlement agreement, the company or the
affiliate is not in violation of the decree or
settlement agreement as determined by a
court of competent jurisdiction or the
agency with which the decree or agreement
was entered into.’’.
SEC. 302. NOTICE AND PUBLIC COMMENT REQUIRED BE-
FORE ESTABLISHING A FINANCIAL HOLDING
COMPANY.
Paragraph (6) of section 4(k) of the Bank Holding
Company Act of 1956 (12 U.S.C. 1843(k)) is amended
to read as follows:
‘‘(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) such holding company has pro-
vided notice to the Board, not later than
60 days prior to such proposed acquisition
or prior to becoming a financial holding
company, and during that time period, or
such longer time period not exceeding an
additional 60 days, as established by the
Board;
‘‘(ii) the Board has provided public
notice and opportunity for comment for
not less than 30 days; and
‘‘(iii) the Board has not issued a no-
tice disapproving the proposed acquisition
or retention.
‘‘(B) FACTORS FOR CONSIDERATION.—In
reviewing any prior notice filed under this para-