A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to provide for capitalization assistance to enhance liquidity.

This bill changes a federal law on community development financial institutions (CDFIs), which are lenders that serve community development goals. It would let the CDFI Fund give money to organizations to buy loans from CDFIs, provide guarantees or loan loss reserves, or otherwise help CDFIs have more cash available to lend. Organizations receiving this money must have community development as their main purpose but do not have to be CDFIs themselves. The bill raises the cap on assistance from $5 million to $20 million and removes the 3-year period limit. It also directs certain returned emergency capital investment funds into this program and requires the Treasury Secretary to report to Congress each year through 2028.

Full text and official record on Congress.gov

Sponsors

• Mark R. Warner Democrat sponsor
• 6 cosponsors