; (B) if publicly-owned, 51 percent of the stock is owned by one or more socially and economically disadvantaged individuals; and (C) in the case of a mutual institution, where the majority of the Board of Directors, account holders, and the community which it services is predominantly minority. (2) Minority The term minority means any black American, Native American, Hispanic American, or Asian American. 110702. Ensuring diversity in community banking (a) Short title This section may be cited as the Ensuring Diversity in Community Banking Act of 2020 . (b) Community development financial institution In this section, the term community development financial institution has the meaning given under section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4702 ). (c) Minority depository institution In this section, the term minority depository institution has the meaning given under section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 1463 note), as amended by this section. (d) Inclusion of women’s banks in the definition of minority depository institution Section 308(b)(1) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 1463 note) is amended— (1) by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively; (2) by striking means any and inserting the following: means— (A) any ; and (3) in clause (iii) (as so redesignated), by striking the period at the end and inserting ; or ; and (4) by inserting at the end the following new subparagraph: (B) any bank described in clause (i), (ii), or (iii) of section 19(b)(1)(A) of the Federal Reserve Act— (i) more than 50 percent of the outstanding shares of which are held by 1 or more women