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

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

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.

Committees of jurisdiction 2