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CDFI Bond Guarantee Program Improvement Act of 2025

USA119th CongressS-1880| Senate 
| Updated: 5/22/2025
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (12)
Ruben Gallego (Democratic)Cindy Hyde-Smith (Republican)Lisa Blunt Rochester (Democratic)Cynthia M. Lummis (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)John W. Hickenlooper (Democratic)Tim Sheehy (Republican)Mike Rounds (Republican)Cory A. Booker (Democratic)Steve Daines (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, titled the "CDFI Bond Guarantee Program Improvement Act of 2025," aims to strengthen and extend the Community Development Financial Institutions (CDFI) Bond Guarantee Program . Congress emphasizes that this program is crucial for providing CDFIs with sustainable, long-term capital, thereby increasing economic opportunity and promoting community development in underserved areas. The bill makes several key amendments to the program, including removing a specific multiplier from the guarantee calculation. It revises the guarantee amount limitation, establishing a minimum guarantee of $25,000,000 per bond issuance and raising the total annual guarantee cap to $1,000,000,000 . Additionally, the program's authorization is extended for an additional four years after the date of enactment, and the Secretary of the Treasury is mandated to submit two reports to Congress assessing its effectiveness.
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Timeline

Bill from Previous Congress

S 117-3441
CDFI Bond Guarantee Program Improvement Act of 2022

Bill from Previous Congress

S 118-869
CDFI Bond Guarantee Program Improvement Act of 2023
May 22, 2025
Introduced in Senate
May 22, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3441
    CDFI Bond Guarantee Program Improvement Act of 2022


  • Bill from Previous Congress

    S 118-869
    CDFI Bond Guarantee Program Improvement Act of 2023


  • May 22, 2025
    Introduced in Senate


  • May 22, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

CDFI Bond Guarantee Program Improvement Act of 2025

USA119th CongressS-1880| Senate 
| Updated: 5/22/2025
This legislation, titled the "CDFI Bond Guarantee Program Improvement Act of 2025," aims to strengthen and extend the Community Development Financial Institutions (CDFI) Bond Guarantee Program . Congress emphasizes that this program is crucial for providing CDFIs with sustainable, long-term capital, thereby increasing economic opportunity and promoting community development in underserved areas. The bill makes several key amendments to the program, including removing a specific multiplier from the guarantee calculation. It revises the guarantee amount limitation, establishing a minimum guarantee of $25,000,000 per bond issuance and raising the total annual guarantee cap to $1,000,000,000 . Additionally, the program's authorization is extended for an additional four years after the date of enactment, and the Secretary of the Treasury is mandated to submit two reports to Congress assessing its effectiveness.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-3441
CDFI Bond Guarantee Program Improvement Act of 2022

Bill from Previous Congress

S 118-869
CDFI Bond Guarantee Program Improvement Act of 2023
May 22, 2025
Introduced in Senate
May 22, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3441
    CDFI Bond Guarantee Program Improvement Act of 2022


  • Bill from Previous Congress

    S 118-869
    CDFI Bond Guarantee Program Improvement Act of 2023


  • May 22, 2025
    Introduced in Senate


  • May 22, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (12)
Ruben Gallego (Democratic)Cindy Hyde-Smith (Republican)Lisa Blunt Rochester (Democratic)Cynthia M. Lummis (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)John W. Hickenlooper (Democratic)Tim Sheehy (Republican)Mike Rounds (Republican)Cory A. Booker (Democratic)Steve Daines (Republican)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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