Proposed Changes to the CDFI Bond Guarantee Program

Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

The bill impacts the availability of long-term capital for community development financial institutions, which provide loans and services to underserved populations and distressed communities across the United States.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Community development financial institutions

These institutions are the primary recipients of the bond guarantees and will be subject to the new minimum guarantee requirements.

Underserved populations and distressed communities

These groups are the intended beneficiaries of the investments made by CDFIs supported by this program.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Background

The CDFI Bond Guarantee Program was established to provide long-term capital to community development financial institutions to support economic growth in underserved areas. context

Summary

This bill proposes to reauthorize and update the federal program that provides long-term capital to community development financial institutions (s). It sets new minimum and maximum guarantee limits and requires the Treasury Department to report on the program's effectiveness.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill impacts the availability of long-term capital for community development financial institutions, which provide loans and services to underserved populations and distressed communities across the United States.

Frequently Asked Questions

What is the CDFI Bond Guarantee Program?

It is a federal program that provides community development financial institutions with a sustainable source of long-term capital to support economic opportunity in underserved areas.

How much money can be guaranteed under this program?

Under the proposed changes, individual guarantees must be at least $25 million, and the total annual guarantee limit is capped at $1 billion.

How long will this program be extended?

The bill proposes extending the program's authority for 4 years following the date of the Act's enactment.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Introduction of Minimum Guarantee Threshold

The bill introduces a specific floor of $25 million for individual guarantees, which may limit the program's use for smaller-scale projects.

Secretary of the Treasury

Connected Entities

dollar_amount$25,000,000“Minimum guarantee amount under the program”Map →

organizationCommunity Development Financial Institutions Fund“Established under the Community Development Banking and Financial Institutions A”Map →

personMr. Cleaver“Introduced the bill”Map →

dollar_amount$1,000,000,000“Maximum total guarantee amount in any fiscal year”Map →

dateSeptember 30, 2014“Previous expiration date of the CDFI bond guarantee program”Map →

dateDecember 16, 2024“Date the bill was introduced”Map →

otherCommunity Development Banking and Financial Institutions Act of 1994“Amended by the CDFI Bond Guarantee Program Improvement Act of 2023”Map →

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy15
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level