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US S4294

US S4294
Coronavirus CDFI Funding Act


summary

Introduced
07/23/2020
In Committee
07/23/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to provide supplemental appropriations to the Community Development Financial Institutions Fund, and for other purposes. This bill provides $1 billion in FY2020 supplemental appropriations to the Community Development Financial Institutions Fund for providing financial and technical assistance.

AI Summary

This bill provides $1 billion in supplemental appropriations to the Community Development Financial Institutions (CDFI) Fund for fiscal year 2020. The CDFI Fund is an organization that provides financial and technical assistance to community development financial institutions, which are specialized financial institutions that work in low-income communities. The bill allows the CDFI Fund to use these additional funds to provide financial and technical assistance, while waiving certain requirements that would normally apply to such assistance.

Committee Categories

Housing and Urban Affairs

Sponsors (12)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 07/23/2020)

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