S 869
CDFI Bond Guarantee Program Improvement Act of 2023
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Bill overview
This bill, the CDFI Bond Guarantee Program Improvement Act of 2023, aims to strengthen and reauthorize a program that supports community development financial institutions (CDFIs). It reduces the minimum amount a CDFI can guarantee for bonds, removes a limit on the number of guarantees they can receive, and adjusts the amount held in their relending accounts. The bill also directs the Treasury Department to assess the program’s effectiveness and provides for a longer authorization period.
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