SB2674: CDFI Fund Transparency Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to increase transparency and accountability regarding the operations of the Community Development Financial Institutions Fund.
Plain-language summary
This bill would change rules for the Community Development Financial Institutions Fund, a government program that helps banks and lenders serve low-income communities. The bill aims to make the fund more transparent and accountable by requiring it to disclose more information about how it operates. The fund currently provides money and support to financial institutions in underserved areas. The bill has been introduced in Congress and is awaiting review.
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SB2674: CDFI Fund Transparency Act