# 119-s-1880: CDFI Bond Guarantee Program Improvement Act of 2025

119-s-1880, CDFI Bond Guarantee Program Improvement Act of 2025, is a 119th Congress bill sponsored by Sen. Smith, Tina [D-MN] (D-MN); status introduced; PRIA reads it as touching household money (as of 2026-05-29).

- Canonical: https://policyrisk.com/legislation/119-s-1880
- As of: 2026-05-29
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1880
- Congress: 119
- Title: CDFI Bond Guarantee Program Improvement Act of 2025
- Status: introduced
- Introduced: 2025-05-22
- Sponsor: Sen. Smith, Tina [D-MN] (D-MN)
- Cosponsors: 12
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-05-29

## Summary

**Strengthen and extend the CDFI Bond Guarantee Program.** This bill would reshape how bond guarantees work, set a $25 million minimum per guaranteed transaction, cap annual guarantees at $1.0 billion, extend the program’s sunset by four years, and require Treasury evaluations. - CDFIs: The bill would remove a rule tying guarantee size to outstanding principal and instead set a $25 million floor per guarantee. That change would make guarantee sizing more predictable and favor larger community development financings. - Underserved communities and projects: By promoting larger guaranteed deals and a longer program horizon, community and economic development projects in distressed areas could gain steadier access to long-term capital. - Treasury and oversight: The Secretary of the Treasury would have to report on program effectiveness to House and Senate banking committees at 1 year and again at 3 years after enactment.

## Cosponsors (12)

- Sen. Rounds, Mike [R-SD] (R-SD), 2025-05-22T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2025-05-22T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-05-22T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-05-22T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-05-22T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-05-22T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-05-22T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2025-05-22T00:00:00.000Z
- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2025-05-22T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2025-05-22T00:00:00.000Z
- Sen. Crapo, Mike [R-ID] (R-ID), 2025-05-22T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-09-11T00:00:00.000Z

## Provisions PRIA read

- Extend CDFI program and reports: benefit, medium. If enacted, the bill would extend the bond guarantee program through a date 4 years after enactment, replacing the older sunset date. The Treasury Secretary would also have to report to Congress on the program's effectiveness within 1 year and again within 3 years after enactment. These steps would…
- New size rules for CDFI guarantees: mixed, high. If enacted, the Secretary could not guarantee any bond for less than $25 million. The total of all guarantees in one fiscal year could not exceed $1 billion. The bill would also remove the statutory rule that tied guarantee size to the outstanding principal balance of a bond. These changes could sh…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-837: A resolution designating the week of August 22 through August 30, 2026, as "National Park Week".
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.

## Sources
- [119-s-1880 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1880)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-837: A resolution designating the week of August 22 through August 30, 2026, as "Nat…](https://policyrisk.com/legislation/119-sres-837)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1880 (as of 2026-05-29).