; or (ii) (I) with respect to an insured depository institution, of a person to vote 25 per centum or more of any class of voting securities of such institution; or (II) with respect to an insured depository institution that is an impact bank (as designated pursuant to section 5 of the Ensuring Diversity in Community Banking Act) or a minority depository institution (as defined in section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989), of an individual to vote 30 percent or more of any class of voting securities of such an impact bank or a minority depository institution. . (b) Rulemaking The Federal banking agencies (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )) shall jointly issue rules for de novo minority depository institutions and de novo impact banks (as designated pursuant to section 5) to allow 3 years to meet the capital requirements otherwise applicable to minority depository institutions and impact banks. (c) Report Not later than 1 year after the date of the enactment of this Act, the Federal banking agencies shall jointly submit to Congress a report on— (1) the principal causes for the low number of de novo minority depository institutions during the 10-year period preceding the date of the report; (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. Report on covered mentor-protege programs (a) 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— (1) an analysis of outcomes of such program; (2) the number of minority depository institutions that are eligible to participate in such program but do not have large financial institution mentors