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S. 1880 119th Congress Senate

CDFI Bond Guarantee Program Improvement Act of 2025

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

Official title: A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

Introduced: May 22, 2025 Introduced by: Tina Smith Democratic · Minnesota See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 22, 2025
Introduced in Senate
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What's happening now May 22, 2025

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

 Plain-English summary Congressional Research Service

CDFI Bond Guarantee Program Improvement Act of 2025

This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants. 

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 CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds.

The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 29

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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APA
U.S. Congress. (2026). S. 1880: CDFI Bond Guarantee Program Improvement Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-1880/
MLA
"S. 1880: CDFI Bond Guarantee Program Improvement Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1880/.
Bluebook (legal)
S. 1880, 119th Cong. (2026), https://openamerica.io/bill/119-S-1880/.
Markdown link
[S. 1880: CDFI Bond Guarantee Program Improvement Act of 2025](https://openamerica.io/bill/119-S-1880/)
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