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
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
Plain-English summary
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
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committees of jurisdiction
1