; (iii) measures to maintain efficient, transparent, and competitive markets; (iv) regulatory relief during times of stress in the financial system, such as the ongoing COVID-19 health crisis; and (v) other actions to ensure financial stability and mitigate risk to the financial system as a whole. (3) Regulated financial institutions have continuing and affirmative obligation to help meet the environmentally sustainable investment needs of the local communities in which they are chartered. (4) Regulated financial institutions should reflect the communities which they serve, which includes people of color and women. (b) Purpose It is the purpose of this Act to require covered financial institutions that are regulated and supervised by one or more appropriate financial regulators to meet the environmentally sustainable investment needs of the entire community, consistent with the safe and sound operation of such institutions. 3. Definitions (a) In general In this Act: (1) Application for a deposit facility The term application for a deposit facility means an application to the appropriate financial regulator otherwise required under Federal law or regulations thereunder for— (A) a charter for a national bank or Federal savings and loan association; (B) deposit insurance in connection with a newly chartered State bank, savings bank, savings and loan association or similar institution; (C) the establishment of a domestic branch or other facility with the ability to accept deposits of a regulated financial institution; (D) the relocation of the home office or a branch office of an insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act); (E) the merger or consolidation with, or the acquisition of the assets, or the assumption of the liabilities of an insured depository institution requiring approval under section 18(c) of the Federal Deposit Insurance Act or under regulations issued under the authority of title IV of the National Housing Act