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

Available versions
Introduced (Senate)View official text

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Timeline

  1. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate

  2. Introduced in Senate

  3. Committee on Banking, Housing, and Urban Affairs. Hearings held.

    Senate

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