graph, 
the 
Board 
shall 
take 
into
consideration—
‘‘(i) whether the company is in com-
pliance with all applicable criteria set forth
in subsection (b) and the provisions of sub-
section (d);
‘‘(ii) whether the proposed combina-
tion represents an undue aggregation of
resources;
‘‘(iii) whether the proposed combina-
tion poses a risk to the deposit insurance
system;
‘‘(iv) whether the proposed combina-
tion poses a risk to State insurance guar-
anty funds;
‘‘(v) whether the proposed combina-
tion can reasonably be expected to be in
the best interests of depositors or policy-
holders of the respective entities;
‘‘(vi) whether the proposed trans-
action can reasonably be expected to fur-
ther the purposes of this Act and produce
benefits to the public;
‘‘(vii) whether, and the extent to
which, the proposed combination poses an
undue risk to the stability of the financial
system in the United States; and
‘‘(viii) the community reinvestment
record of all parties to the proposed trans-
action.
‘‘(C) 
REQUIRED
INFORMATION.—The
Board may disapprove any prior notice filed
under this paragraph if the company submitting
such notice neglects, fails, or refuses to furnish
to the Board all relevant information required
by the Board.
‘‘(D) SOLICITATION OF VIEWS OF OTHER
SUPERVISORY AGENCIES.—
‘‘(i) IN GENERAL.—Upon receiving a
prior notice under this paragraph, in order
to provide for the submission of their views
and recommendations, the Board shall give
notice of the proposal to—
‘‘(I) 
the 
appropriate 
Federal
banking agency of any bank involved;
‘‘(II) the appropriate functional
regulator of any functionally regulated
nondepository institution (as defined
in section 5(c)(1)(C)) involved; and
‘‘(III) the Secretary of the Treas-
ury, the Attorney General, and the
Federal Trade Commission.
‘‘(ii) TIMING.—The views and rec-
ommendations of any agency provided no-
tice under this paragraph shall be sub-
mitted to the Board not later than 30 cal-
endar days after the date on which notice
to the agency was given, unless the Board
determines that another shorter time pe-
riod is appropriate.
SEC. 303. PUBLIC MEETINGS FOR BANK ACQUISITIONS AND
MERGERS.
(a) BANK HOLDING COMPANY ACT OF 1956.—Sec-
tion 3(c)(2) of the Bank Holding Company Act of 1956
(12 U.S.C. 1842(c)(2)) is amended—
(1) by striking ‘‘FACTORS.—In every case’’ and
inserting ‘‘FACTORS.—
‘‘(A) IN GENERAL.—In every case’’; and
(2) by adding at the end the following new sub-
paragraph:
‘‘(B) PUBLIC MEETINGS.—In the case of
each application for approval under this section,
the Board shall, as necessary and on a timely
basis, conduct public meetings in 1 or more
areas where the Board believes, in the sole dis-
cretion of the Board, there will be a substantial
public impact.’’.
(b) FEDERAL DEPOSIT INSURANCE ACT.—Section
18(c) of the Federal Deposit Insurance Act (12 U.S.C.
1828(c)) is amended by adding at the end the following
new paragraph:
‘‘(12) PUBLIC MEETINGS.—In each merger trans-
action involving 1 or more insured depository institutions,
the responsible agency shall, as necessary and on a timely
basis, conduct public meetings in 1 or more areas where
the agency believes, in the sole discretion of the agency,
there will be a substantial public impact.’’.
(c) NATIONAL BANK CONSOLIDATION AND MERGER
ACT.—The National Bank Consolidation and Merger Act
(12 U.S.C. 215 et seq.) is amended by adding at the end
the following new section:
‘‘SEC. 6. PUBLIC MEETINGS FOR BANK CONSOLIDATIONS
AND MERGERS.
‘‘In each case of a consolidation or merger under this
Act, the Comptroller shall, as necessary and on a timely
basis, conduct public meetings in 1 or more areas where
the Comptroller believes, in the sole discretion of the
Comptroller, there will be a substantial public impact.’’.
(d) HOME OWNERS’ LOAN ACT.—Section 10(e) of
the Home Owners’ Loan Act (12 U.S.C. 1463) is amended
by adding at the end the following new paragraph:
‘‘(7) PUBLIC MEETINGS FOR DEPOSITORY IN-
STITUTION ACQUISITIONS AND MERGERS.—In each
case involving an application under this subsection,
the Director shall, as necessary and on a timely
basis, conduct public meetings in 1 or more areas
where the Director believes, in the sole discretion of
the Director, there will be a substantial public im-
pact.’’.
SEC. 304. CRA EXAMINATION SCHEDULE FOR SMALL
BANKS.
Section 809(a) of the Community Reinvestment Act
of 1977 (12 U.S.C. 2908(a)) is amended—
(1) in paragraph (1), by striking ‘‘60 months’’
and inserting ‘‘48 months’’; and
(2) in paragraph (2), by striking ‘‘48 months’’
and inserting ‘‘36 months’’.
SEC. 305. CRA SUNSHINE REQUIREMENTS.
(a) IN GENERAL.—Section 48 of the Federal Deposit
Insurance Act (12 U.S.C. 1831y) (as added by section 711
of the Gramm-Leach-Bliley Act) is amended—
(1) in subsection (a), by striking paragraphs
(1) and (2) and inserting the following new para-
graphs:
‘‘(1) shall be disclosed to the appropriate Fed-
eral banking agency and subsequently may be made
available in accordance with, and to the extent pro-
vided in, section 552 of title 5, United States Code,
subject to section 552a of such title; and
‘‘(2) may be monitored by the appropriate Fed-
eral banking agency, during the effective period of
the agreement, for purposes of determining the ex-
tent to which the parties to the agreement are com-
plying with the agreement.’’;
(2) by striking subsections (b), (c), (d), (f), (g),
and (h);
(3) by redesignating subsection (e) as sub-
section (b); and
(4) in paragraph (1)(B) of subsection (b) (as so
redesignated by paragraph (3) of this subsection)—
(A) by inserting ‘‘or’’ after the semicolon
at the end of clause (i);
(B) by striking the period at the end of
clause (ii) and inserting ‘‘; or’’; and
(C) by striking clause (iii).
SEC. 306. CONTINUING COMMUNITY REINVESTMENT RE-
QUIREMENT FOR FINANCIAL HOLDING COM-
PANIES.
(a) IN GENERAL.—Section 4(l)(2) of the Community
Reinvestment Act of 1977 (12 U.S.C. 1843(l)(2)) is
amended—
(1) in subparagraph (A), by inserting ‘‘or con-
tinuing’’ after ‘‘commencing’’; and
(2) in subparagraph (B), by inserting ‘‘or main-
taining’’ after ‘‘acquiring’’.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
(1) Paragraph (1) of section 4(m) of the Bank
Holding 
Company 
Act 
of 
1956 
(12 
U.S.C.
1843(m)(1)) is amended by striking ‘‘subsection
(l)(1)’’ and inserting ‘‘paragraph (1) or (2) of sub-
section (l)’’.
(2) Paragraph (2) of section 4(m) of the Bank
Holding 
Company 
Act 
of 
1956 
(12 
U.S.C.
1843(m)(2)) is amended by striking ‘‘subsection
(l)(1)’’ and inserting ‘‘paragraphs (1) and (2) of
subsection (l)’’.
SEC. 307. CHANGES IN REPORTING REQUIREMENTS UNDER
THE HOME MORTGAGE DISCLOSURE ACT OF
1975.
(a) PROHIBITION
ON REGULATORY EXEMPTIONS
FROM REPORTING REQUIREMENTS.—Section 304 of the
Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803)
is amended by adding at the end the following new sub-
section:
‘‘(n) PROHIBITION ON REGULATORY EXEMPTIONS
FROM
REPORTING
REQUIREMENTS.—Subject to sub-
section (i)—
‘‘(1) no provision of this title may be construed
as authorizing the Board, the Secretary, or any
other Federal agency to exempt any depository insti-
tution from the requirements of this title; and
‘‘(2) any exemption from the requirements of
this title provided in any regulation, such as the ex-
emption provided in Appendix A to part 203 of the
Code of Federal Regulations for lending institutions
described in section 303(2)(B) whose total dollar
amount of purchase loans originated in any year did
not exceed 10 percent of the total dollar amount of
all loan originations by such institution in such year,
shall cease to be effective as of the date of the enact-
ment of the Community Reinvestment Modernization
Act of 2000.’’
(b) INFORMATION ON PRIME AND SUBPRIME MORT-
GAGE LOANS.—
(1) IN GENERAL.—Section 304(b) of the Home
Mortgage Disclosure Act of 1975 (12 U.S.C.
2803(b)) is amended—
(A) by striking ‘‘and’’ at the end of para-
graph (3);
(B) by striking the period at the end of
paragraph (4) and inserting a semicolon; and
(C) by adding at the end the following new
paragraph:
‘‘(5) the number and dollar amount of mort-
gage loans that were subprime loans and the number
and dollar amount of mortgage loans that were not
subprime loans;’’.
(2) SUBPRIME LENDING PROGRAM DEFINED.—
Section 303 of the Home Mortgage Disclosure Act
of 1975 (12 U.S.C. 2802) is amended by adding at
the end the following new paragraph:
‘‘(7) SUBPRIME LOANS.—The term ‘subprime
loan’—
‘‘(A) has the meaning given such term by
the Secretary, in regulations; and
‘‘(B) includes any loan made through a
program maintained by a depository institution
that involves higher interest rates or fees than
traditional mortgage loans.’’.
(c) REPORTING OF ADDITIONAL DATA REQUIRED.—
Section 304(b) of the Home Mortgage Disclosure Act of
1975 (12 U.S.C. 2803(b)) is amended by inserting after
paragraph (5) (as added by subsection (b) of this section)
the following new paragraph:
‘‘(6) information on loan pricing and terms, in-
cluding interest rates, bona fide discount points,
origination fees, financing of lump sum insurance
premium payments, balloon payment, and prepay-
ment penalties; and’’.
(d) REPORTING ON MANUFACTURED HOME LOANS
THAT ARE NOT TREATED BY THE DEPOSITORY INSTITU-
TION AS REAL ESTATE LOANS.—
(1) IN GENERAL.—Section 304(b) of the Home
Mortgage Disclosure Act of 1975 (12 U.S.C.
2803(b)) is amended by inserting after paragraph
(6) (as added by subsection (c) of this section) the
following new paragraph:
‘‘(7) the number and dollar amount of mort-
gage loans secured by manufactured homes (as de-
fined in section 603 of the National Manufactured
Housing Construction and Safety Act of 1974).’’.
(2) MORTGAGE
LOAN
DEFINED
TO
INCLUDE
MANUFACTURED HOME LOANS.—Section 303(1) of
the Home Mortgage Disclosure Act of 1975 (12