What does Preamble of CDFI Fund Transparency Act do?

This bill amends the Community Development Banking and Financial Institutions Act of 1994. The stated purpose is to increase transparency and accountability regarding the operations of the Community Development Financial Institutions Fund.

What does SHORT TITLE. of CDFI Fund Transparency Act do?

This bill is formally titled the CDFI Fund Transparency Act.

What does REQUIREMENT TO TESTIFY. of CDFI Fund Transparency Act do?

This section amends Section 104(b) of the Community Development Banking and Financial Institutions Act of 1994. The amendment requires the Secretary of the Treasury (or a designee) to annually testify before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives. The testimony concerns the operations of the Fund during the previous fiscal year. The testimony is contingent on the discretion of the chairmen of both committees.

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CDFI Fund Transparency Act

Last updated: 9/4/2025 · Introduced: 9/4/2025

Author: Steve Daines (R-MT)

TL;DR (AI)

The bill mandates annual testimony from the Secretary of the Treasury (or a designee) before relevant Congressional committees regarding the Community Development Financial Institutions Fund's operations.
This legislation aims to enhance transparency and accountability within the Community Development Financial Institutions Fund.
The bill amends the Community Development Banking and Financial Institutions Act of 1994 to establish these reporting requirements.

119th Congressin committeeS. 3940(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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