S 4537
117th Congress
Senate
Finance and Financial Sector
Community Development Financial Institutions Fund
Community life and organization
Congressional oversight
Government information and archives
Government lending and loan guarantees
Scaling Community Lenders Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 14, 2022
Introduced in Senate
Plain-English summary
Scaling Community Lenders Act of 2022
This bill allows the Community Development Financial Institutions Fund to provide guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1