118th Congress Finance and Financial Sector
S. 869: CDFI Bond Guarantee Program Improvement Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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, (2) eliminates the cap on the annual number of guarantees, and (3) 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.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Steve Daines R-MTOriginal
- Amy Klobuchar D-MNOriginal
- Cynthia Lummis R-WYOriginal
- Robert Menendez D-NJOriginal
- Jerry Moran R-KSOriginal
- Mike Rounds R-SDOriginal
- Mark Warner D-VAOriginal
- Cindy Hyde-Smith R-MS
- Jon Tester D-MT
- John Fetterman D-PA
Who scored on this bill
- 1Tina Smith SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Tina Smith
- S. 1157: Women and Lung Cancer Research and Preventive Services Act of 2025
- S. 621: To accept the request to revoke the charter of incorporation of the Lower Sioux Indian Community in the State of Minnesota at the request of that Community, and for other purposes
- S. 622: Leech Lake Reservation Restoration Amendments Act of 2025
- S. 638: To amend the Act of June 22, 1948
- S. 5595: To amend the Act of June 22, 1948
- S. 2868: To accept the request to revoke the charter of incorporation of the Lower Sioux Indian Community in the State of Minnesota at the request of that Community, and for other purposes
History
- Introduced in the Senate by Tina Smith.
Show the full action history (4 actions)
- Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-592.
- Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.