S. 869 118th Congress Senate

CDFI Bond Guarantee Program Improvement Act of 2023

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

Introduced: March 16, 2023 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

More subjectsShow fewer subjects

Congressional oversightCredit and credit marketsGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHousing and community development fundingSecurities

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 1, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-592.

Oct 17, 2023

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.

Mar 16, 2023

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

Mar 16, 2023

Introduced in Senate

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Latest action February 1, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-592.

Plain-English summary Congressional Research Service

CDFI Bond Guarantee Program Improvement Act of 2023

This bill reauthorizes for four years 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, (2) eliminates the cap on the annual number of guarantees, and (3) revises the amount 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 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Banking, Housing, and Urban Affairs Committee
Senate
Housing, Transportation, and Community Development Subcommittee
Senate · subcommittee of Banking, Housing, and Urban Affairs Committee

Cosponsors 9

Fetterman, John

Pennsylvania · Oct 16, 2023

Hyde-Smith, Cindy

Mississippi · Jun 14, 2023

Daines, Steve

Montana · Mar 16, 2023

Klobuchar, Amy

Minnesota · Mar 16, 2023

Lummis, Cynthia M.

Wyoming · Mar 16, 2023

Menendez, Robert

· Mar 16, 2023

Moran, Jerry

Kansas · Mar 16, 2023

Rounds, Mike

South Dakota · Mar 16, 2023

Warner, Mark R.

Virginia · Mar 16, 2023

Cite this page click to expand

APA

U.S. Congress. (2026). S. 869: CDFI Bond Guarantee Program Improvement Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-869/

MLA

"S. 869: CDFI Bond Guarantee Program Improvement Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-869/.

Bluebook (legal)

S. 869, 118th Cong. (2026), https://openamerica.io/bill/118-S-869/.

Markdown link

[S. 869: CDFI Bond Guarantee Program Improvement Act of 2023](https://openamerica.io/bill/118-S-869/)