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House Bill 6830
116th Congress(2019-2020)
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
Introduced
Introduced in House on May 12, 2020
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Introduced in House 
May 12, 2020
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Introduced in House(May 12, 2020)
May 12, 2020
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H. R. 6830 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 6830


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.

IN THE HOUSE OF REPRESENTATIVES

May 12, 2020

Mr. Phillips introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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.

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

SECTION 1. Minimum issuance amounts under the CDFI Bond Guarantee Program.

(a) Reduction for fiscal year 2020.—

(1) IN GENERAL.—Section 114A(e)(2)(B) of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a(e)(2)(B)) is amended by striking “$100,000,000” and inserting “$25,000,000”.

(2) RULE OF APPLICATION.—The Notice of Guarantee Availability issued for the Bond Guarantee Program in fiscal year 2019 (CFDA 21.011) shall apply for purposes of carrying out the Program (as defined under section 114A(a) of the Riegle Community Development and Regulatory Improvement Act of 1994) with regard to commitments to guarantee bonds and notes during fiscal year 2020.

(b) Permanent adjustment.—Effective October 1, 2020, section 114A(e)(2)(B) of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a(e)(2)(B)) is amended by striking “$25,000,000” and inserting “$50,000,000”.