S. 869 · 118th Congress
CDFI Bond Guarantee Program Improvement Act of 2023
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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
SmithSponsor10 cosponsors · 5 D, 5 R
R
Daines
AK
D
Klobuchar
CL
R
Lummis
BM
D
Menendez
JM
R
Moran
MR
R
Rounds
MW
D
Warner
CH
R
Hyde-Smith
JT
D
Tester
JF
D
Fetterman7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill reauthorizes for four years and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program.
What it does: CRS summary · Introduced in Senate · Mar 16, 2023
CDFI Bond Guarantee Program Improvement Act of 2023
This bill reauthorizes for four years 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, (2) eliminates the cap on the annual number of guarantees, and (3) revises the amount to be held in a CDFI's relending account.
(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 financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: CDFI Bond Guarantee Program Improvement Act of 2023
Latest action (Feb 1, 2024): Committee on Banking, Housing, and Urban Affairs. Hearings held.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 16, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.