; or (B) with respect to a depository institution with total consolidated assets of more than $1,000,000,000, whether such depository institution— (i) has designated an individual to serve as a Diversity and Inclusion Officer; and (ii) has established a committee for diversity and inclusion that holds meetings quarterly and that includes in its membership the Diversity and Inclusion Officer designated under clause (i) and the Chief Executive Officer of the institution. (b) Application to minority depository institutions In carrying out subsection (a) with respect to a minority depository institution (as defined under section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989), the Board of Governors, the Comptroller of the Currency, the Corporation, and the National Credit Union Administration Board shall— (1) assign such institution the highest rating with respect to the diversity and inclusion component described under subsection (a); and (2) exempt such institution from any examination procedures related to the diversity and inclusion component described under subsection (a). . (b) Clerical amendment The table of contents for the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by inserting after the item relating to section 342 the following: Sec. 342A. Diversity and inclusion ratings. .