What does Preamble of CDFI Bond Guarantee Program Improvement Act of 2025 do?

This bill is formally titled '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.'

What does SHORT TITLE. of CDFI Bond Guarantee Program Improvement Act of 2025 do?

This bill is formally titled the CDFI Bond Guarantee Program Improvement Act of 2025.

What does SENSE OF CONGRESS. of CDFI Bond Guarantee Program Improvement Act of 2025 do?

This section expresses the sense of Congress regarding the CDFI Bond Guarantee Program. The program provides community development financial institutions with a sustainable source of long-term capital. The program furthers the mission of the Community Development Financial Institutions Fund.

What does GUARANTEES FOR BONDS AND NOTES ISSUED FOR COMMUNITY OR ECONOMIC of CDFI Bond Guarantee Program Improvement Act of 2025 do?

This section amends Section 114A of the Community Development Banking and Financial Institutions Act of 1994. It removes a calculation related to the outstanding principal balance of issued notes or bonds. It establishes a minimum guarantee amount of $25,000,000 and a maximum total guarantee amount of $1,000,000,000 per fiscal year. It extends the program's authorization period to four years after the enactment of the CDFI Bond Guarantee Program Improvement Act of 2025.

What does REPORT ON THE CDFI BOND GUARANTEE PROGRAM. of CDFI Bond Guarantee Program Improvement Act of 2025 do?

The Secretary of the Treasury must issue a report on the CDFI bond guarantee program. The report is due within 1 year and again within 3 years of the Act's enactment. The report will be submitted to the Senate and House Committees.

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CDFI Bond Guarantee Program Improvement Act of 2025

Last updated: 5/22/2025 · Introduced: 5/22/2025

Author: Tina Smith (D-MN)

TL;DR (AI)

This bill amends the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program.
It sets a minimum guarantee amount of $25,000,000 and a maximum of $1,000,000,000 per fiscal year for bonds and notes issued to community development financial institutions.
The Secretary of the Treasury must submit reports on the CDFI bond guarantee program to Congress within one and three years of the Act's enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

5 sections

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