IIB 
116TH CONGRESS 
2D SESSION 
H. R. 5315 
IN THE SENATE OF THE UNITED STATES 
JANUARY 14, 2020 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
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, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Expanding Oppor-
tunity for Minority Depository Institutions Act’’ or the 
‘‘Expanding Opportunity for MDIs Act’’. 
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 designated by the Secretary 
or a large financial institution may serve as a men-
tor, under guidance or regulations prescribed by the 
Secretary, to a small financial institution to allow 
such small financial institution— 
‘‘(A) to be prepared to perform as a finan-
cial agent; or 
‘‘(B) to improve capacity to provide serv-
ices to the customers of the small financial in-
stitution. 
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‘‘(2) OUTREACH.—The Secretary shall hold 
outreach events to promote the participation of fi-
nancial agents, large financial institutions, and small 
financial institutions in the Program at least once a 
year. 
‘‘(3) EXCLUSION.—The Secretary shall issue 
guidance or regulations to establish a process under 
which a financial agent, large financial institution, 
or small financial institution may be excluded 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 
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, large 
financial institutions, and small financial insti-
tutions participating in such Program; and 
‘‘(B) the number of outreach events de-
scribed in paragraph (2) held during the year 
covered by such report. 
‘‘(5) DEFINITIONS.—In this subsection: 
‘‘(A) FINANCIAL
AGENT.—The term ‘fi-
nancial agent’ means any national banking as-
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sociation designated by the Secretary of the 
Treasury to be employed as a financial agent of 
the Government. 
‘‘(B) LARGE
FINANCIAL
INSTITUTION.— 
The term ‘large financial institution’ means any 
entity regulated by the Comptroller of the Cur-
rency, the Board of Governors of the Federal 
Reserve System, the Federal Deposit Insurance 
Corporation, or the National Credit Union Ad-
ministration that has total consolidated assets 
greater than or equal to $50,000,000,000. 
‘‘(C) SMALL
FINANCIAL
INSTITUTION.— 
The term ‘small financial institution’ means— 
‘‘(i) any entity regulated by the 
Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corpora-
tion, or the National Credit Union Admin-
istration that has total consolidated assets 
lesser than or equal to $2,000,000,000; or 
‘‘(ii) a minority depository institu-
tion.’’. 
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(b) EFFECTIVE DATE.—This Act and the amend-
ments made by this Act shall take effect 90 days after 
the date of the enactment of this Act. 
Passed the House of Representatives January 13, 
2020. 
Attest: 
CHERYL L. JOHNSON, 
Clerk. 
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