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S 869 118th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Business investment and capital Community Development Financial Institutions Fund Community life and organization Congressional oversight Credit and credit markets Government information and archives Government lending and loan guarantees Government studies and investigations Housing and community development funding Securities

CDFI Bond Guarantee Program Improvement Act of 2023

Introduced: March 16, 2023 Introduced by: Smith, Tina Democratic · Minnesota 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 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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 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.)

What's happening now February 1, 2024

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

 Related & companion bills 1
  • HR 10422 Identical bill CDFI Bond Guarantee Program Improvement Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 8
All 8 Democratic 3 Republican 5
D
Fetterman, John
Pennsylvania · Oct 16, 2023
 R
Hyde-Smith, Cindy
Mississippi · Jun 14, 2023
 R
Daines, Steve
Montana · Mar 16, 2023
 D
Klobuchar, Amy
Minnesota · Mar 16, 2023
 R
Lummis, Cynthia M.
Wyoming · Mar 16, 2023
 R
Moran, Jerry
Kansas · Mar 16, 2023
 R
Rounds, Mike
South Dakota · Mar 16, 2023
 D
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/)
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