117-hr-7733117th Congress

CDFI Bond Guarantee Program Improvement Act of 2022

Sponsored By: Representative Cleaver, Emanuel [D-MO-5]

Unknown

Summary

CDFI Bond Guarantee Program Improvement Act of 2022 This bill permanently reauthorizes 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, and (2) 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.)

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Bill Overview

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Sponsors & CoSponsors

Sponsor

Cleaver, Emanuel [D-MO-5]

MO • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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