S.3441: CDFI Bond Guarantee Program Improvement Act of 2022

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Bill Summary

CDFI Bond Guarantee Program Improvement Act of 2022 This bill permanently reauthorizes 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, and (2) reduces the amount allowed to be held in a CDFI's relending account. (CDFIs are financial institutions serving low-income...

(Source: Library of Congress)

Bill Actions

Date Description
Sept. 20, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
April 26, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan. 5, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan. 5, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Jan. 5, 2022

Introduced in the Senate by Tina Smith (D-Minn.)

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