I 
117TH CONGRESS 
1ST SESSION H. R. 2516 
To amend the Dodd-Frank Wall Street Reform and Consumer Protection 
Act to require Federal banking regulators to include a diversity and 
inclusion component in the Uniform Financial Institutions Rating Sys-
tem, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 14, 2021 
Mr. GREEN of Texas introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend the Dodd-Frank Wall Street Reform and Con-
sumer Protection Act to require Federal banking regu-
lators to include a diversity and inclusion component 
in the Uniform Financial Institutions Rating System, 
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 ‘‘Promoting Diversity 
and Inclusion in Banking Act of 2021’’. 
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SEC. 2. DIVERSITY AND INCLUSION RATINGS. 
(a) IN GENERAL.—The Dodd-Frank Wall Street Re-
form and Consumer Protection Act (12 U.S.C. 5301 et 
seq.) is amended by inserting after section 342 the fol-
lowing: 
‘‘SEC. 342A. DIVERSITY AND INCLUSION RATINGS. 
‘‘(a) IN GENERAL.—The Board of Governors, the 
Comptroller of the Currency, the Corporation, and the Na-
tional Credit Union Administration Board, in assigning a 
rating to a depository institution under the Uniform Fi-
nancial Institutions Rating System (or an equivalent rat-
ing by any such agency under a comparable rating system) 
shall include a diversity and inclusion component that ex-
amines— 
‘‘(1) whether the depository institution has poli-
cies in place to encourage diversity and inclusion in 
the hiring practices of the institution; 
‘‘(2) whether the depository institution provides 
training to the employees of the institution on diver-
sity and inclusion; and 
‘‘(3)(A) with respect to a depository institution 
with total consolidated assets of $1,000,000,000 or 
less, whether such depository institution has des-
ignated an individual to serve as a Diversity and In-
clusion Officer who reports to the Chief Executive 
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Officer of the institution on all diversity and inclu-
sion matters; or 
‘‘(B) with respect to a depository institution 
with total consolidated assets of more than 
$1,000,000,000, whether such depository institu-
tion— 
‘‘(i) has designated an individual to serve 
as a Diversity and Inclusion Officer; and 
‘‘(ii) has established a committee for diver-
sity and inclusion that holds meetings quarterly 
and that includes in its membership the Diver-
sity and Inclusion Officer designated under 
clause (i) and the Chief Executive Officer of the 
institution. 
‘‘(b) APPLICATION TO MINORITY DEPOSITORY INSTI-
TUTIONS.—In carrying out subsection (a) with respect to 
a minority depository institution (as defined under section 
308(b) of the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989), the Board of Governors, 
the Comptroller of the Currency, the Corporation, and the 
National Credit Union Administration Board shall— 
‘‘(1) assign such institution the highest rating 
with respect to the diversity and inclusion compo-
nent described under subsection (a); and 
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‘‘(2) exempt such institution from any examina-
tion procedures related to the diversity and inclusion 
component described under subsection (a).’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
for the Dodd-Frank Wall Street Reform and Consumer 
Protection Act is amended by inserting after the item re-
lating to section 342 the following: 
‘‘Sec. 342A. Diversity and inclusion ratings.’’. 
Æ 
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