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S. 3441 117th Congress Senate

CDFI Bond Guarantee Program Improvement Act of 2022

Official title: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institu… Show full official titleShow less

Official title: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

Introduced: January 5, 2022 Introduced by: Tina Smith Democratic · Minnesota See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationBusiness investment and capitalCommunity Development Financial Institutions FundCommunity life and organization
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Congressional oversightCredit and credit marketsGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHousing and community development fundingSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 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
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 117-348.
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
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 Latest action 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.

 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.)

 Related & companion bills 2
  • HR 2543 Financial Services Racial Equity, Inclusion, and Economic Justice Act
  • HR 7733 CDFI Bond Guarantee Program Improvement Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Rounds, Mike
South Dakota · Jan 5, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3441: CDFI Bond Guarantee Program Improvement Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-3441/
MLA
"S. 3441: CDFI Bond Guarantee Program Improvement Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3441/.
Bluebook (legal)
S. 3441, 117th Cong. (2026), https://openamerica.io/bill/117-S-3441/.
Markdown link
[S. 3441: CDFI Bond Guarantee Program Improvement Act of 2022](https://openamerica.io/bill/117-S-3441/)
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