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Main Subject: Finance and financial sector

This bill reduces the Community Development Financial Institutions (CDFI) Bond Guarantee Program minimum issuance amount from $100 million to $25 million for FY2020, and to $50 million thereafter. (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.)

House floor actions Actions

IntroReferral
May. 12 2020	Referred to the House Committee on Financial Services.

Library of Congress Actions

IntroReferral
May. 12 2020	Introduced in House Introduced in House

House bill HR6830-116

To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.

House bill HR6830-116

To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.

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