Voice your opinion on congressional bill S1442-118 and let lawmakers know your stance with UnPac!

Scaling Community Lenders Act of 2023

This bill allows the Community Development Financial Institutions Fund to provide funds for guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.

The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.

Senate Actions

Committee
Mar. 12 2024	Committee on Banking, Housing, and Urban Affairs. Hearings held.

IntroReferral
May. 04 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
May. 04 2023	Introduced in Senate

Senate bill S1442-118

Scaling Community Lenders Act of 2023

Promote the cause!

Or use this QR code