; (2) the main challenges to the creation of de novo minority depository institutions and de novo impact banks; and (3) regulatory and legislative considerations to promote the establishment of de novo minority depository institutions and de novo impact banks. 11. Requirement to mentor minority depository institutions or community development financial institutions to serve as a depositary or financial agent (a) In general Before a large financial institution may be employed as a financial agent of the Department of the Treasury or perform any reasonable duties as depositary of public moneys of the Department of the Treasury, the large financial institution shall demonstrate participation as a mentor in a covered mentor-protege program to a protege firm that is a minority depository institution or a community development financial institution. (b) Report Not later than 6 months after the date of the enactment of this Act and annually thereafter, the Secretary of the Treasury shall submit to Congress a report on participants in a covered mentor-protege program, including an analysis of outcomes of such program. (c) Procedures The Secretary of the Treasury shall publish procedures for compliance with the requirements of this section for large financial institutions. (d) Definitions In this section: (1) Covered mentor-protege program The term covered mentor-protege program means a mentor-protege program established by the Secretary of the Treasury pursuant to section 45 of the Small Business Act ( 15 U.S.C. 657r ). (2) Large financial institution The term large financial institution means any entity— (A) regulated by the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the National Credit Union Administration