Scaling Community Lenders Act of 2022 This bill allows the Community Development Financial Institutions Fund to provide guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Community Development Financial Institutions FundCommunity life and organizationCongressional oversightGovernment information and archivesGovernment lending and loan guarantees
Scaling Community Lenders Act of 2022
USA117th CongressS-4537| Senate
| Updated: 7/14/2022
Scaling Community Lenders Act of 2022 This bill allows the Community Development Financial Institutions Fund to provide guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.
Community Development Financial Institutions FundCommunity life and organizationCongressional oversightGovernment information and archivesGovernment lending and loan guarantees