Sec. 5. Definitions
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For purposes of this Act: The term Black bank means an insured depository institution— more than 50 percent of the ownership or control of which is held by 1 or more Black individuals; and more than 50 percent of the net profit or loss of which accrues to 1 or more Black individuals. The term CDFI has the meaning given the term community development financial institution under section 103 of the Community Development Banking and Financial Institutions Act of 1994. The term community bank means an insured depository institution with less than $100,000,000 in consolidated assets.
The term Comptroller means the Comptroller of the Currency, except when used in the context of the Comptroller General of the United States. The term insured credit union has the meaning given such term under section 101 of the Federal Credit Union Act. The term insured depository institution — has the meaning given such term under section 3 of the Federal Deposit Insurance Act; and includes an insured credit union. The term securities laws has the meaning given such term under section 3 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c ).
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U.S. Code