HR 6830 · 116th Congress · Finance and Financial Sector

To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.

Introduced 2020-05-12· Sponsored by Rep. Phillips, Dean [D-MN-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-05-12)

Plain Language Summary

[AI summary unavailable — showing source text] This bill reduces the Community Development Financial Institutions (CDFI) Bond Guarantee Program minimum issuance amount from $100 million to $25 million for FY2020, and to $50 million thereafter. (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.)…

Summarized by Claude AI · Non-partisan · For informational purposes only