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S 1442 118th 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 2023

Introduced: May 4, 2023 Introduced by: Warner, Mark R. Democratic · Virginia See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 4, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 4, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Scaling Community Lenders Act of 2023

This bill allows the Community Development Financial Institutions Fund to provide funds for 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.

The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.

What's happening now March 12, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 3
D
Smith, Tina
Minnesota · Mar 19, 2024
 R
Hyde-Smith, Cindy
Mississippi · Feb 28, 2024
 R
Lummis, Cynthia M.
Wyoming · Jan 11, 2024
 D
Peters, Gary C.
Michigan · Jan 11, 2024
 R
Crapo, Mike
Idaho · May 4, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1442: Scaling Community Lenders Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-1442/
MLA
"S. 1442: Scaling Community Lenders Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1442/.
Bluebook (legal)
S. 1442, 118th Cong. (2026), https://openamerica.io/bill/118-S-1442/.
Markdown link
[S. 1442: Scaling Community Lenders Act of 2023](https://openamerica.io/bill/118-S-1442/)
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