legislation: 117-hr-7733

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-hr-7733 117 hr 7733 CDFI Bond Guarantee Program Improvement Act of 2022 Finance and Financial Sector 2022-05-12 2022-07-28 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. House Rep. Cleaver, Emanuel [D-MO-5] MO D C001061 0 CDFI Bond Guarantee Program Improvement Act of 2022 This bill reauthorizes for four years 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) revises the amount 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.) 2023-12-05T10:26:21Z https://www.congress.gov/bill/117th-congress/house-bill/7733

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