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S. 4165 117th Congress Senate

CDFI Crisis Fund Act

Official title: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to establish a CDFI National Crisis Fund, and for other purposes.

Introduced: May 9, 2022 Introduced by: Brian Schatz Democratic · Hawaii See on congress.gov
Finance and Financial Sector Alaska Natives and HawaiiansBanking and financial institutions regulationBusiness investment and capitalCardiovascular and respiratory health
More subjectsShow fewer subjects
Disaster relief and insuranceEmergency medical services and trauma careFinancial crises and stabilizationGovernment trust fundsHousing and community development fundingIndian social and development programsInfectious and parasitic diseasesMinority and disadvantaged businessesPoverty and welfare assistanceSmall businessUnemployment
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 9, 2022
Introduced in Senate
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 Latest action May 9, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

CDFI Crisis Fund Act

This bill establishes the CDFI National Crisis Fund. The fund is authorized to make grants to community development financial institutions (CDFIs) providing financial products as emergency assistance to small businesses and low-income populations in certain circumstances. Furthermore, the fund is triggered by

  • certain emergency declarations, including the COVID-19 emergency period;
  • certain disaster declarations;
  • a specified increase in a statewide unemployment rate; or
  • a specified increase in the nationwide unemployment rate.

Specified amounts in the fund are set aside for grants to Native and minority CDFIs.

The Government Accountability Office must report on the impact of the fund and provide recommendations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 9 Independent 1
D
Baldwin, Tammy
Wisconsin · May 9, 2022
 D
Blumenthal, Richard
Connecticut · May 9, 2022
 D
Gillibrand, Kirsten E.
New York · May 9, 2022
 D
Heinrich, Martin
New Mexico · May 9, 2022
 D
Merkley, Jeff
Oregon · May 9, 2022
 I
Sanders, Bernard
Vermont · May 9, 2022
 D
Van Hollen, Chris
Maryland · May 9, 2022
 D
Warner, Mark R.
Virginia · May 9, 2022
 D
Warren, Elizabeth
Massachusetts · May 9, 2022
 D
Wyden, Ron
Oregon · May 9, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4165: CDFI Crisis Fund Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4165/
MLA
"S. 4165: CDFI Crisis Fund Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4165/.
Bluebook (legal)
S. 4165, 117th Cong. (2026), https://openamerica.io/bill/117-S-4165/.
Markdown link
[S. 4165: CDFI Crisis Fund Act](https://openamerica.io/bill/117-S-4165/)
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