116th CONGRESS 2d Session |
To provide supplemental appropriations to the Community Development Financial Institutions Fund, and for other purposes.
July 23, 2020
Mr. Menendez (for himself, Mr. Durbin, Mr. Manchin, Ms. Warren, Mr. Wyden, Ms. Klobuchar, Ms. Hirono, Mr. Schatz, Mrs. Gillibrand, Mr. Markey, Mr. Van Hollen, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To provide supplemental appropriations to the Community Development Financial Institutions Fund, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SEC. 2. Supplemental appropriation.
There is appropriated to the Community Development Financial Institutions Fund established under section 104(a)(1) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703(a)(1)), out of amounts in the general fund of the Treasury not otherwise appropriated, $1,000,000,000 for fiscal year 2020, for providing financial assistance and technical assistance under subparagraphs (A) and (B) of section 108(a)(1) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4707(a)(1)), except that subsections (d) and (e) of such section 108 shall not apply to the provision of such assistance.