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Senate Bill 3441
117th Congress(2021-2022)
CDFI Bond Guarantee Program Improvement Act of 2022
Introduced
Introduced
Introduced in Senate on Jan 5, 2022
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Text
Introduced in Senate 
Jan 5, 2022
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Introduced in Senate(Jan 5, 2022)
Jan 5, 2022
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 3441 (Introduced-in-Senate)


117th CONGRESS
2d Session
S. 3441


To amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

IN THE SENATE OF THE UNITED STATES

January 5, 2022

Ms. Smith (for herself and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “CDFI Bond Guarantee Program Improvement Act of 2022”.

SEC. 2. Guarantees for bonds and notes issued for community or economic development purposes.

Section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) is amended—

(1) in subsection (c)(2), by striking “, multiplied by an amount equal to the outstanding principal balance of issued notes or bonds”;

(2) in subsection (e)(2)(B), by striking “$100,000,000” and inserting “$25,000,000”; and

(3) by striking subsection (k).