United States · Bill · S
S. 3441 (117th)
CDFI Bond Guarantee Program Improvement Act of 2022
Introduced
5 January 2022
Last action
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Status
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 117-750.
Sponsors
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Subjects
Discovery layer
Source updated
30 May 2026
Summary
CDFI Bond Guarantee Program Improvement Act of 2022 This bill permanently reauthorizes and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) reduces the amount allowed to be held in a CDFI's relending account. (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. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 5 January 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 January 2022
Introduced in Senate
summary · EN · 5 January 2022
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3441
- Open data entity: https://api.congress.gov/v3/bill/117/s/3441