Scaling Community Lenders Act of 2023
United States118th CongressS-1442Senate
Updated: Mar 12, 2024
Summary
Scaling Community Lenders Act of 2023 This bill allows the Community Development Financial Institutions Fund to provide funds for 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. The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.
Bill texts
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Timeline
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate
Introduced in Senate
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Senate
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