legislation: 117-s-4165

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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-s-4165 117 s 4165 CDFI Crisis Fund Act Finance and Financial Sector 2022-05-09 2022-05-09 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Schatz, Brian [D-HI] HI D S001194 11 CDFI Crisis Fund Act This bill establishes the CDFI National Crisis Fund. The fund is authorized to make grants to community development financial institutions (CDFIs) providing financial products as emergency assistance to small businesses and low-income populations in certain circumstances. Furthermore, the fund is triggered by certain emergency declarations, including the COVID-19 emergency period; certain disaster declarations; a specified increase in a statewide unemployment rate; or a specified increase in the nationwide unemployment rate. Specified amounts in the fund are set aside for grants to Native and minority CDFIs. The Government Accountability Office must report on the impact of the fund and provide recommendations. 2023-03-08T20:12:44Z https://www.congress.gov/bill/117th-congress/senate-bill/4165

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