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Scaling Community Lenders Act of 2023

USA118th CongressS-1442| Senate 
| Updated: 3/12/2024
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (5)
Cindy Hyde-Smith (Republican)Cynthia M. Lummis (Republican)Tina Smith (Democratic)Gary C. Peters (Democratic)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 117-4537
Scaling Community Lenders Act of 2022
May 4, 2023
Introduced in Senate
May 4, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    S 117-4537
    Scaling Community Lenders Act of 2022


  • May 4, 2023
    Introduced in Senate


  • May 4, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 12, 2024
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

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 2023

USA118th CongressS-1442| Senate 
| Updated: 3/12/2024
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-4537
Scaling Community Lenders Act of 2022
May 4, 2023
Introduced in Senate
May 4, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    S 117-4537
    Scaling Community Lenders Act of 2022


  • May 4, 2023
    Introduced in Senate


  • May 4, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 12, 2024
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Mark R. Warner

Mark R. Warner

Democratic Senator

Virginia

Cosponsors (5)
Cindy Hyde-Smith (Republican)Cynthia M. Lummis (Republican)Tina Smith (Democratic)Gary C. Peters (Democratic)Mike Crapo (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