119th Congress Finance and Financial Sector
S. 1880: CDFI Bond Guarantee Program Improvement Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants.
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 CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds.
The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.
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
- Cory Booker D-NJOriginal
- Lisa Blunt Rochester D-DEOriginal
- Michael Crapo R-IDOriginal
- Steve Daines R-MTOriginal
- Ruben Gallego D-AZOriginal
- John Hickenlooper D-COOriginal
- Cindy Hyde-Smith R-MSOriginal
- Amy Klobuchar D-MNOriginal
- Cynthia Lummis R-WYOriginal
- Mike Rounds R-SDOriginal
- Tim Sheehy R-MTOriginal
- Mark Warner D-VA
Who scored on this bill
- 1Tina Smith SponsorDrew cross-party cosponsors, introduced2 events+6
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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 (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.