Pulse of the Hill

The Definitive Fly-In Directory

AboutAlertsAdd Your Fly-InSign in

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 Jun 29, 12:18 PM · synced 8h ago

Introduced

2025-05-22

Open on Congress.govCongress.gov searchBack to directory

Data source mode: cache

Bill Engagement

Lobbyists on the case

3 orgs · 39 lobbyists · 10 filings mention S. 1880 (CDFI Bond Guarantee Program Improvement Act of 2025) in LDA disclosures.