I 
116TH CONGRESS 
1ST SESSION H. R. 5315 
To amend the Financial Institutions Reform, Recovery, and Enforcement 
Act of 1989 to establish a Financial Agent Mentor-Prote´ge´ Program 
within the Department of the Treasury, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 5, 2019 
Mrs. BEATTY (for herself, Mr. MEEKS, Mr. HECK, Mr. GREEN of Texas, and 
Mr. CLEAVER) introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend the Financial Institutions Reform, Recovery, and 
Enforcement Act of 1989 to establish a Financial Agent 
Mentor-Prote´ge´ Program within the Department of the 
Treasury, 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 ‘‘Expanding Oppor-
tunity for Minority Depository Institutions (MDIs) Act’’. 
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SEC. 2. ESTABLISHMENT OF FINANCIAL AGENT MENTOR- 
PROTE´ GE´ PROGRAM. 
(a) IN GENERAL.—Section 308 of the Financial In-
stitutions Reform, Recovery, and Enforcement Act of 
1989 (12 U.S.C. 1463 note) is amended by adding at the 
end the following new subsection: 
‘‘(d) FINANCIAL AGENT MENTOR-PROTE´GE´ PRO-
GRAM.— 
‘‘(1) IN
GENERAL.—The Secretary of the 
Treasury shall establish a program to be known as 
the ‘Financial Agent Mentor-Prote´ge´ Program’ (in 
this subsection referred to as the ‘Program’) under 
which a financial agent shall serve as a mentor to 
a minority depository institution so that such minor-
ity depository institution may become a financial 
agent. 
‘‘(2) OUTREACH.—The Secretary shall hold 
outreach events to promote the participation of fi-
nancial agents and minority depository institutions 
in the Program at least once a year. 
‘‘(3) EXCLUSION.—The Secretary may exclude 
financial agents and minority depository institutions 
from participation in the Program. 
‘‘(4) REPORT.—The Office of Minority and 
Women Inclusion of the Department of the Treasury 
shall include in the report submitted to Congress 
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under section 342(e) of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act information 
pertaining to the Program, including— 
‘‘(A) the number of financial agents par-
ticipating in such Program; and 
‘‘(B) the number of outreach events de-
scribed in paragraph (2) held during the year 
covered by such report. 
‘‘(5) FINANCIAL AGENT DEFINED.—In this sub-
section, the term ‘financial agent’ means any na-
tional banking association selected by the Secretary 
of the Treasury to be employed as a financial agent 
of the Government in accordance with section 5153 
of the Revised Statutes of the United States.’’. 
(b) COMMUNITY REINVESTMENT ACT CREDIT.—Sec-
tion 804 of the Community Reinvestment Act of 1977 (12 
U.S.C. 2903) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(e) FINANCIAL AGENT MENTOR-PROTE´GE´ PRO-
GRAM PARTICIPATION.—In assessing and taking into ac-
count, under subsection (a), the record of a financial insti-
tution, the appropriate Federal financial supervisory agen-
cy shall consider as a factor the financial institution’s par-
ticipation as a mentor financial agent in the Financial 
Agent Mentor-Prote´ge´ Program of the Department of the 
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