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119-hr-7775119th CongressWALLET

CDFI Fund Transparency Act

Sponsored By: Representative Rose, John W. [R-TN-6]

Introduced

Summary

Annual congressional testimony would require the Treasury Secretary or a designee to report each year on the Community Development Financial Institutions (CDFI) Fund's operations. It creates a regular transparency check focused on the Fund's prior-year activities.

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  • Chairs of the House Financial Services Committee and the Senate Committee on Banking, Housing, and Urban Affairs would control scheduling and could invite the Secretary to testify before their committee or a subcommittee.
  • The Treasury Secretary or a designated official would be required to appear annually and answer questions about the Fund's prior-year operations.
  • The CDFI Fund and the community lenders it supports would face a recurring public forum to explain their activities, increasing formal oversight of the Fund's operations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Annual Treasury testimony on CDFI Fund

If enacted, the Treasury Secretary or a designee would be required to testify each year before the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee, or a subcommittee, about the CDFI Fund's operations during the prior year. The committee chairs would set the timing and scheduling of the testimony. This would increase congressional oversight and transparency of the Fund. The bill would not change funding levels, program eligibility, or create new programs.

Sponsors & CoSponsors

Sponsor

Rose, John W. [R-TN-6]

TN • R

Cosponsors

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 3/3/2026

Roll Call Votes

No roll call votes available for this bill.

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