Pipeline · Bill → Law
Step 1
Introduced
May 4, 2023
Step 2
Referred
May 4, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Mar 12, 2024
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill allows the Community Development Financial Institutions Fund to provide funds for guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization. The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.
Timeline · 3 actions
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 4, 2023
Introduced in Senate
May 4, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.