H.R. 7733: CDFI Bond Guarantee Program Improvement Act of 2022

CBO Score

$0

Date of Report

Mon July 25th, 2022

Legislation Details

117th Congress

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

Sponsor: Rep. Emanuel Cleaver — D — MO

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, and (2) 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...

View the full vote history of this bill on GovTrack.us.

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