Sec. 1. Short title; table of contents
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This Act may be cited as the . Ensuring Diversity in Community Banking Act of 2019 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Sense of Congress on funding the loan-loss reserve fund for small dollar loans. Sec. 3. Definitions. Sec. 4. Inclusion of women’s banks in the definition of minority depository institution. Sec. 5. Establishment of impact bank designation. Sec. 6. Minority Depository Institutions Advisory Committees.
Sec. 7. Federal deposits in minority depository institutions. Sec. 8. Minority Bank Deposit Program. Sec. 9. Diversity report and best practices. Sec. 10. Investments in minority depository institutions and impact banks. Sec. 11. Requirement to mentor minority depository institutions or community development financial institutions to serve as a depositary or financial agent. Sec. 12. Custodial deposit program for covered minority depository institutions and impact banks. Sec. 13.
Streamlined community development financial institution applications and reporting. Sec. 14. Task force on lending to small business concerns.