US S3441

Bill

CDFI Bond Guarantee Program Improvement Act of 2022

Introduced
01/05/2022

In Committee
01/05/2022

Crossed Over

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Community Development Banking and Finan- cial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

AI Summary

This bill amends the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions (CDFI) bond guarantee program. Specifically, it removes the requirement that the guarantee amount be multiplied by the outstanding principal balance of issued notes or bonds, reduces the minimum bond size from $100 million to $25 million, and removes the program's sunset provision. These changes are intended to make the CDFI bond guarantee program more accessible and effective in supporting community and economic development purposes.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Tina Smith (D)*, Mike Rounds (R),

Last Action

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. (on 09/20/2022)

Official Document

https://www.congress.gov/bill/117th-congress/senate-bill/3441/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/senate-bill/3441/all-info
BillText	https://www.congress.gov/117/bills/s3441/BILLS-117s3441is.pdf
Bill	https://www.congress.gov/117/bills/s3441/BILLS-117s3441is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR2543	Studying Barriers to Housing Act Ensuring Diverse Leadership Act of 2022 Ensuring Diversity in Community Banking Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR7733	CDFI Bond Guarantee Program Improvement Act of 2022	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Same As
HRes1254	Providing for consideration of the bill (H.R. 3771) to amend the Public Health Service Act to provide for research and improvement of cardiovascular health among the South Asian population of the United States, and for other purposes; providing for consideration of the bill (H.R. 5118) to direct the Secretary of Agriculture to prioritize the completion of the Continental Divide National Scenic Trail, and for other purposes; providing for consideration of the bill (H.R. 6929) to increase the bene	Motion to reconsider laid on the table Agreed to without objection.	Similar To

Bill > S3441

US S3441

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary