Scaling Community Lenders Act of 2023

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D WarnerSponsor

5 cosponsors · 2 D, 3 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

What it does: CRS summary · Introduced in Senate · May 4, 2023

Scaling Community Lenders Act of 2023

This bill allows the Community Development Financial Institutions Fund to provide funds for guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.

The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Scaling Community Lenders Act of 2023

Latest action (Mar 12, 2024): Committee on Banking, Housing, and Urban Affairs. Hearings held.

Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 4, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.