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![handle is hein.congrecreports/crptxaeeh0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 117-229
PROMOTING NEW AND DIVERSE DEPOSITORY
INSTITUTIONS ACT
JANUARY 20, 2022.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
R E P O R T
[To accompany H.R. 4590]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4590) to require the Federal banking regulators to jointly
conduct a study and develop a strategic plan to address challenges
faced by proposed depository institutions seeking de novo deposi-
tory institution charters; and for other purposes, having considered
the same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation ................................................................... 3
Section-by-Section Analysis of the Legislation ..................................................... 4
H e a rin g s ................................................................................................................... 5
Com m ittee Consideration ........................................................................................ 5
C om m ittee V otes ...................................................................................................... 5
Com m ittee Oversight Findings ............................................................................... 5
Statement of Performance Goals and Objectives .................................................. 5
New Budget Authority and C.B.O. Cost Estimate ............................................... 5
Com m ittee Cost E stim ate ....................................................................................... 7
Federal M andates Statem ent ................................................................................. 7
A dvisory Com m ittee Statem ent ............................................................................. 7
Applicability to Legislative Branch ....................................................................... 7
Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Benefits ... 7
D uplicative Federal Program s ............................................................................... 8
The amendment is as follows:
Strike all after the enacting clause and insert the following:
29-006](ViewImageLocal?handle=hein.congrecreports/crptxaeeh0001&div=1&collection=&method=preview&ext=.png&size=3)