Bill Detail
S. 1880
Congress: 119
Title
CDFI Bond Guarantee Program Improvement Act of 2025
Summary
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.
Sponsor
Sen. Tina Smith [D-MN]
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Aug 2, 11:38 PM · synced 10d ago
Introduced
2025-05-22
Data source mode: congress-gov
Bill Engagement
CDFI Bond Guarantee Program Improvement Act of 2025 This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revi…
Lobbyists on the case
- Credit Union National Association. Inc. DBA America's Credit Unions4 filings · 17 lobs
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