S. 1880 · 119th Congress
CDFI Bond Guarantee Program Improvement Act of 2025
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D
SmithSponsor12 cosponsors · 6 D, 6 R
D
Booker
LB
D
Blunt Rochester
MC
R
Crapo
SD
R
Daines
RG
D
Gallego
JH
D
Hickenlooper
CH
R
Hyde-Smith
AK
D
Klobuchar
CL
R
Lummis
MR
R
Rounds
TS
R
Sheehy
MW
D
Warner11 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in Senate · May 22, 2025
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.
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 2025
Latest action (May 22, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 22, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.