Expanding Opportunity for MDIs Act

House Bill 5315 - Expanding Opportunity for MDIs Act: Overview, Status, and Impact

Hozzl · 2022-10-28T01:46:06Z

Explore the details of House Bill 5315 Expanding Opportunity for MDIs Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

10/28/2022, 1:46 AM

Congressional Summary of HR 5315

Expanding Opportunity for Minority Depository Institutions Act or the Expanding Opportunity for MDIs Act

This bill establishes the Financial Agent Mentor-Protégé Program within the Department of the Treasury. The program provides participating minority deposit institutions and small financial institutions with mentorship regarding becoming a financial agent for Treasury and improving service capacity.

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Current Status of Bill HR 5315

Bill HR 5315 is currently in the status of Bill Introduced since December 5, 2019. Bill HR 5315 was introduced during Congress 116 and was introduced to the House on December 5, 2019. Bill HR 5315's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 14, 2020

Bipartisan Support of Bill HR 5315

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5315

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital

- Congressional oversight

- Minority and disadvantaged businesses

Alternate Title(s) of Bill HR 5315

Expanding Opportunity for MDIs Act

Expanding Opportunity for Minority Depository Institutions Act

To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Financial Agent Mentor-Protégé Program within the Department of the Treasury, and for other purposes.

Expanding Opportunity for MDIs Act

Expanding Opportunity for Minority Depository Institutions Act

Expanding Opportunity for Minority Depository Institutions (MDIs) Act