S. 4537 · 117th Congress
Scaling Community Lenders Act of 2022
- Stage
- In committee
- Sponsor
- Mark Warner
- Introduced
- 2022-07-14
- Latest action
- 2022-07-14 · Introduced in Senate
Summary
Scaling Community Lenders Act of 2022
This bill allows the Community Development Financial Institutions Fund to provide 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.