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S 3441 117th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Business investment and capital Community Development Financial Institutions Fund Community life and organization Congressional oversight Credit and credit markets Government information and archives Government lending and loan guarantees Government studies and investigations Housing and community development funding Securities

CDFI Bond Guarantee Program Improvement Act of 2022

Introduced: January 5, 2022 Introduced by: Smith, Tina Democratic · Minnesota See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 117-750.
Apr 26, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan 5, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 5, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Jan 5, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

CDFI Bond Guarantee Program Improvement Act of 2022

This bill permanently reauthorizes and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) reduces the amount allowed to be held in a CDFI's relending account.

(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

What's happening now September 20, 2022

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 117-750.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1