; and (B) in section 5318A, by striking Chairman of the Board of Governors each place such term appears and inserting Chair of the Board of Governors . (21) Trade Act of 1974 Section 163(b)(3) of the Trade Act of 1974 ( 19 U.S.C. 2213(b)(3) ) is amended by striking Chairman of the Board of Governors and inserting Chair of the Board of Governors . (22) Deeming of name Any reference in a law, regulation, document, paper, or other record of the United States to the Chairman of the Board of Governors of the Federal Reserve System shall be deemed to be a reference to the Chair of the Board of Governors of the Federal Reserve System. 6005. Allocations under new markets tax credit made more competitive (a) In general Section 45D(i) of the Internal Revenue Code of 1986 is amended by striking and at the end the paragraph (5), by striking the period at the end of paragraph (6) and inserting a comma, and by adding at the end the following new paragraphs: (7) which prioritize community financial institution CDEs with demonstrated records of having successfully provided capital or technical assistance to disadvantaged businesses or communities, (8) which ensure that minority-owned qualified community development entities (as defined in subsection (c)(4)) receive a proportional allocation of new markets tax credit limitation for each calendar year, (9) which ensure that CDFI CDEs receive a proportional allocation of new markets tax credit limitation for each calendar year, (10) which establish an application review process consistent with the following categories that ensures that only entities within each category of qualified community development entity compete with one another for new markets tax credit limitation: (A) Emerging CDEs. (B) Community financial institution CDEs. (C) CDFI CDEs. (D) Large bank affiliated CDEs. (E) Nonprofit CDEs. (F) For-profit CDEs