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Scaling Community Lenders Act of 2022

USA117th CongressS-4537| Senate 
| Updated: 7/14/2022
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (1)
Bill Hagerty (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Jul 14, 2022
Introduced in Senate
Jul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 14, 2022
    Introduced in Senate


  • July 14, 2022
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 14, 2022
Introduced in Senate
Jul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 14, 2022
    Introduced in Senate


  • July 14, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (1)
Bill Hagerty (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Development Financial Institutions FundCommunity life and organizationCongressional oversightGovernment information and archivesGovernment lending and loan guarantees