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S 1880 119th Congress Senate Finance and Financial Sector

CDFI Bond Guarantee Program Improvement Act of 2025

Introduced: May 22, 2025 Introduced by: Smith, Tina Democratic · Minnesota See on congress.gov
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 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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 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.

What's happening now May 22, 2025

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 25

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

See all 25 filings →
 Cosponsors 12
All 12 Democratic 6 Republican 6
D
Warner, Mark R.
Virginia · Sep 11, 2025
 D
Blunt Rochester, Lisa
Delaware · May 22, 2025
 D
Booker, Cory A.
New Jersey · May 22, 2025
 R
Crapo, Mike
Idaho · May 22, 2025
 R
Daines, Steve
Montana · May 22, 2025
 D
Gallego, Ruben
Arizona · May 22, 2025
 D
Hickenlooper, John W.
Colorado · May 22, 2025
 R
Hyde-Smith, Cindy
Mississippi · May 22, 2025
 D
Klobuchar, Amy
Minnesota · May 22, 2025
 R
Lummis, Cynthia M.
Wyoming · May 22, 2025
 R
Rounds, Mike
South Dakota · May 22, 2025
 R
Sheehy, Tim
Montana · May 22, 2025
Cite this page click to expand
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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