H.R. 6830 · 116th Congress
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,.
- Stage
- In committee
- Sponsor
- Dean Phillips
- Introduced
- 2020-05-12
- Latest action
- 2020-05-12 · Introduced in House
Summary
This bill reduces the Community Development Financial Institutions (CDFI) Bond Guarantee Program minimum issuance amount from $100 million to $25 million for FY2020, and to $50 million thereafter. (CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program.)