# 119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act

119-s-3940, Access to Fair Financing for Opportunity and Resilient Development Act, is a 119th Congress bill sponsored by Sen. Daines, Steve [R-MT] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-10-03).

- Canonical: https://policyrisk.com/legislation/119-s-3940
- As of: 2026-10-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3940
- Congress: 119
- Title: Access to Fair Financing for Opportunity and Resilient Development Act
- Status: introduced
- Introduced: 2026-02-26
- Sponsor: Sen. Daines, Steve [R-MT] (R-MT)
- Cosponsors: 53
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-03

## Summary

**Boost capital and liquidity for community lenders and create a Native CDFI relending set-aside.** This bill would widen guarantee and liquidity tools for Community Development Financial Institutions and reserve targeted lending to Native community lenders to support homeownership and local lending capacity. - Native families and tribal borrowers would gain a relending set-aside capped at $50.0 million per year for direct loans through Native community development financial institutions. Recipients generally must provide a 20% non-Federal match, with waivers for priority Tribal land, and operational grants equal to 20% of each direct loan. - Community Development Financial Institutions would access a strengthened bond guarantee program with a $25.0 million minimum guarantee and a $1.0 billion annual cap, plus an extended authorization window for guarantees. - The Funds capitalization tools would let it buy loans, provide guarantees, and create loan-loss reserves to boost liquidity and raise the award cap from $5.0 million to $20.0 million. The bill also requires Treasury reports and annual testimony on Fund operations to monitor effectiveness.

## Cosponsors (53)

- Sen. Blumenthal, Richard [D-CT] (D-CT), 2026-09-28T00:00:00.000Z
- Sen. Fetterman, John [D-PA] (D-PA), 2026-09-28T00:00:00.000Z
- Sen. Luján, Ben Ray [D-NM] (D-NM), 2026-09-28T00:00:00.000Z
- Sen. Markey, Edward J. [D-MA] (D-MA), 2026-09-29T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2026-09-29T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-02-26T00:00:00.000Z
- Sen. Crapo, Mike [R-ID] (R-ID), 2026-02-26T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-02-26T00:00:00.000Z
- Sen. Rounds, Mike [R-SD] (R-SD), 2026-02-26T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2026-02-26T00:00:00.000Z
- Sen. Risch, James E. [R-ID] (R-ID), 2026-02-26T00:00:00.000Z
- Sen. Schumer, Charles E. [D-NY] (D-NY), 2026-02-26T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2026-02-26T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2026-02-26T00:00:00.000Z
- Sen. Fischer, Deb [R-NE] (R-NE), 2026-02-26T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-02-26T00:00:00.000Z
- Sen. Wicker, Roger F. [R-MS] (R-MS), 2026-02-26T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2026-02-26T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2026-02-26T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-02-26T00:00:00.000Z
- Sen. Sullivan, Dan [R-AK] (R-AK), 2026-02-26T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-02-26T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2026-02-26T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-02-26T00:00:00.000Z
- Sen. Peters, Gary C. [D-MI] (D-MI), 2026-02-26T00:00:00.000Z
- Sen. Bennet, Michael F. [D-CO] (D-CO), 2026-02-26T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2026-02-26T00:00:00.000Z
- Sen. Wyden, Ron [D-OR] (D-OR), 2026-02-26T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2026-02-26T00:00:00.000Z
- Sen. Durbin, Richard J. [D-IL] (D-IL), 2026-02-26T00:00:00.000Z
- Sen. Murkowski, Lisa [R-AK] (R-AK), 2026-02-26T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-02-26T00:00:00.000Z
- Sen. Boozman, John [R-AR] (R-AR), 2026-02-26T00:00:00.000Z
- Sen. Heinrich, Martin [D-NM] (D-NM), 2026-02-26T00:00:00.000Z
- Sen. Hoeven, John [R-ND] (R-ND), 2026-03-02T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-03-04T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2026-04-27T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-04-27T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2026-04-27T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-05-20T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-06-11T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2026-06-15T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2026-06-17T00:00:00.000Z
- Sen. Warren, Elizabeth [D-MA] (D-MA), 2026-06-22T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2026-06-23T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2026-06-24T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2026-07-14T00:00:00.000Z
- Sen. Murray, Patty [D-WA] (D-WA), 2026-07-14T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-07-21T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2026-07-21T00:00:00.000Z
- Sen. Cornyn, John [R-TX] (R-TX), 2026-07-28T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-07-28T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2026-07-30T00:00:00.000Z

## Provisions PRIA read

- Mortgage capital for Native communities: benefit, medium. If enacted, the bill would set aside up to $50,000,000 per year in direct loan capital for Native community development financial institutions. Native CDFIs would need to show they can originate and service single-family mortgages and normally provide a 20% non-Federal match, but that match would b…
- Bigger CDFI bond guarantee limits: benefit, medium. If enacted, this bill would change the CDFI Bond Guarantee Program to make its rules clearer and last longer. The Secretary would not guarantee any single bond for less than $25,000,000. Total guarantees in any fiscal year would be capped at $1,000,000,000. The program’s authority would extend to t…
- More liquidity tools for CDFIs: benefit, low. If enacted, the bill would let the CDFI Fund buy loans, loan participations, and interests from community lenders. The Fund could also give guarantees, loan loss reserves, and other credit enhancements to improve CDFI liquidity. The funding cap in one subsection would rise from $5,000,000 to $20,00…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 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-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-3940 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3940)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [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-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3940 (as of 2026-10-03).