CDFI Fund Transparency Act

This bill changes a 1994 federal law that set up the Community Development Financial Institutions (CDFI) Fund, which is run by the Treasury Department. It would require the Secretary of the Treasury, or someone the Secretary chooses, to testify once a year before the Senate Banking, Housing, and Urban Affairs Committee and the House Financial Services Committee, or their subcommittees. The testimony would cover how the Fund operated during the previous fiscal year. The committee chairmen would decide whether the testimony takes place.

Full text and official record on Congress.gov

Sponsors

• Steve Daines Republican sponsor
• 3 cosponsors