H.R. 7733
Referred to CommitteeCDFI Bond Guarantee Program Improvement Act of 2022
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/28/2022 • Senate
Summary
CDFI Bond Guarantee Program Improvement Act of 2022
This bill 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 to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)
Passed House • 7/27/2022
Topics & Subjects
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Sponsor & Cosponsors (1)
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Bill Journey
Originated in the House
Introduced
May 12, 2022
Committee Review
May 17, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Floor Debate
July 26, 2022
Passed Chamber
July 27, 2022
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (3)
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CDFI Bond Guarantee Program Improvement Act of 2022