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Main Subject: Finance and financial sector

CDFI Bond Guarantee Program Improvement Act of 2022

This bill permanently reauthorizes 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.)

HRES1254-117, HR2543-117, S3441-117,

Senate Actions

IntroReferral
Jul. 28 2022	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

House floor actions Actions

Floor

Jul. 27
2022

Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended. (consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)
Pursuant to the provisions of H. Res. 1254, proceedings on H.R. 7733 are considered vacated.

Jul. 26
2022

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 7733.
Considered under suspension of the rules. (consideration: CR H7127-7128)
Ms. Waters moved to suspend the rules and pass the bill, as amended.

Calendars
Jun. 07 2022	Placed on the Union Calendar, Calendar No. 266.

Committee
Jun. 07 2022	Reported (Amended) by the Committee on Financial Services. H. Rept. 117-352.

IntroReferral
May. 12 2022	Referred to the House Committee on Financial Services.

Library of Congress Actions

Floor

Jul. 27
2022

Passed/agreed to in House: Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended.(consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

Committee
Jun. 07 2022	Reported (Amended) by the Committee on Financial Services. H. Rept. 117-352.

IntroReferral
May. 12 2022	Introduced in House Introduced in House

House committee actions Actions

Committee
May. 17 2022	Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. Committee Consideration and Mark-up Session Held.

House bill HR7733-117

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.

House bill HR7733-117

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.

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