# 116-hr-5322: Ensuring Diversity in Community Banking Act

116-hr-5322, Ensuring Diversity in Community Banking Act, is a 116th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5322
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5322
- Congress: 116
- Title: Ensuring Diversity in Community Banking Act
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2019-12-05
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Ensuring Diversity in Community Banking Act of 2019 This bill establishes and revises provisions related to minority depository institutions, community development financial institutions, and impact banks. The bill (1) expands the definition of minority depository institutions to include women-owned banks, and (2) establishes impact banks as depository institutions with total assets less than $10 billion and where at least 50% of loans are extended to low-income borrowers. The bill establishes a program allowing minority depository institutions and impact banks to receive deposits from certain Department of the Treasury accounts through designated custodial entities. It also establishes the Minority Bank Deposit Program to ensure the use of minority banks and minority credit unions to the maximum extent possible to serve the financial needs of federal departments and agencies. Federal banking agencies must issue rules allowing new minority depository institutions and impact banks three years to meet capital requirements.

## Cosponsors (7)

- Rep. Green, Al [D-TX-9] (D-TX), 2019-12-05T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2019-12-05T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2019-12-05T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2019-12-05T00:00:00.000Z
- WM. CLAY (D-MO), 2019-12-05T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2019-12-05T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2020-06-18T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-6902: Black History is American History Act
- 116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020
- 116-hr-5349: Protect SNAP Act
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act

## Sources
- [116-hr-5322 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5322)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-6902: Black History is American History Act](https://policyrisk.com/legislation/116-hr-6902)
- [116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020](https://policyrisk.com/legislation/116-hr-6820)
- [116-hr-5349: Protect SNAP Act](https://policyrisk.com/legislation/116-hr-5349)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5322 (as of 2025-11-18).