# 117-hr-6745: Ensuring Diversity in Community Banking Act

117-hr-6745, Ensuring Diversity in Community Banking Act, is a 117th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-6745
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-6745
- Congress: 117
- Title: Ensuring Diversity in Community Banking Act
- Status: Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2022-02-15
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Ensuring Diversity in Community Banking Act 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 a certain total dollar value 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 prioritize the use of minority depository institutions 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 (5)

- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2022-02-15T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2022-02-15T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2022-02-15T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2022-02-15T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2022-08-30T00:00:00.000Z

## Related bills

- 117-hr-263: Big Cat Public Safety Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-55: Emmett Till Antilynching Act
- 117-hr-8770: Expanding the VOTE Act
- 117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act
- 117-hr-6860: Latonya Reeves Freedom Act of 2022

## Sources
- [117-hr-6745 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/6745)

## Related
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-55: Emmett Till Antilynching Act](https://policyrisk.com/legislation/117-hr-55)
- [117-hr-8770: Expanding the VOTE Act](https://policyrisk.com/legislation/117-hr-8770)
- [117-hr-8297: Ensuring Women’s Right to Reproductive Freedom Act](https://policyrisk.com/legislation/117-hr-8297)
- [117-hr-6860: Latonya Reeves Freedom Act of 2022](https://policyrisk.com/legislation/117-hr-6860)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-6745 (as of 2025-11-18).