S 1442
Scaling Community Lenders Act of 2023
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Bill overview
The Scaling Community Lenders Act of 2023 aims to bolster liquidity for Community Development Financial Institutions (CDFIs) by increasing the funding available through the Community Development Financial Institutions Fund. It adjusts funding levels to account for inflation, removes matching requirements, and establishes criteria for prioritizing organizations that support CDFIs and promote community development. The bill also allows the Emergency Capital Investment Fund to provide additional assistance to CDFIs.
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