HR 6830
To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill changes the minimum amount of bonds that Community Development Financial Institutions (CDFIs) can guarantee through the CDFI Bond Guarantee Program. It initially reduces the minimum guarantee amount to $25 million for fiscal year 2020 and then permanently increases it to $50 million. This change aims to make the program more accessible to smaller CDFIs and expand its impact on low-income communities. The bill modifies the Riegle Community Development and Regulatory Improvement Act of 1994 to implement these adjustments.
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Primary sponsor
Dean Phillips
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