1. Short title This Act may be cited as the Reenergized Economic Sustainability for Community and Urban Entities Act for Black and Community Banks or the RESCUE Act for Black and Community Banks . 2. Regulation of Black and Community Banks (a) Office of Black and Community Banks (1) Establishment There is established within the Office of the Comptroller of the Currency an office to be known as the Office of Black and Community Banks . (2) Supervision and examination of Black banks and community banks The Comptroller of the Currency, acting through the Office of Black and Community Banks, shall supervise and examine Black banks and community banks. (3) Regulatory relief (A) In general The Comptroller shall issue regulations to partially or completely exempt Black banks and community banks from Federal banking statutes and regulations, to the extent the Comptroller determines it appropriate without endangering the safety and soundness of such banks. (B) Treatment of manual underwriting For purposes of risk-based capital requirements for Black banks and community banks, the Comptroller shall issue regulations to assign a lower level of risk to loans that are issued by such banks using manual underwriting, in recognition of the individualized scrutiny provided by manual underwriting. (C) Encouraging small-dollar lending The Comptroller shall issue regulations to encourage affordable small-dollar lending by Black banks and community banks by providing regulatory flexibility with respect to such lending. (b) Regulatory relief under the securities laws (1) Investment products With respect to investment products sold by a Black bank or a community bank (or an affiliate of such bank) to individuals in the community in which such bank is located, the Securities and Exchange Commission shall issue regulations to partially or completely exempt the bank from the securities laws and regulations issued under the securities laws, to the extent the Commission determines it appropriate without endangering the protection of