Legis Daily

CDFI Fund Transparency Act

USA119th CongressS-2704| Senate 
| Updated: 9/4/2025
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (3)
Mark R. Warner (Democratic)Raphael G. Warnock (Democratic)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "CDFI Fund Transparency Act" aims to enhance oversight and accountability for the operations of the Community Development Financial Institutions Fund (CDFI Fund) . It achieves this by amending the Community Development Banking and Financial Institutions Act of 1994 to add new reporting requirements. Specifically, the bill requires the Secretary of the Treasury, or their designee, to provide annual testimony before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, or their subcommittees. This testimony, subject to the discretion of the committee chairmen, will detail the CDFI Fund's operations during the preceding fiscal year. This provision is designed to ensure greater transparency regarding the Fund's activities and financial management.
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Timeline

Bill from Previous Congress

S 118-2674
CDFI Fund Transparency Act
Sep 4, 2025
Introduced in Senate
Sep 4, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 3, 2026

Latest Companion Bill Action

HR 119-7775
Introduced in House
  • Bill from Previous Congress

    S 118-2674
    CDFI Fund Transparency Act


  • September 4, 2025
    Introduced in Senate


  • September 4, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 3, 2026

    Latest Companion Bill Action

    HR 119-7775
    Introduced in House

Finance and Financial Sector

CDFI Fund Transparency Act

USA119th CongressS-2704| Senate 
| Updated: 9/4/2025
The "CDFI Fund Transparency Act" aims to enhance oversight and accountability for the operations of the Community Development Financial Institutions Fund (CDFI Fund) . It achieves this by amending the Community Development Banking and Financial Institutions Act of 1994 to add new reporting requirements. Specifically, the bill requires the Secretary of the Treasury, or their designee, to provide annual testimony before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, or their subcommittees. This testimony, subject to the discretion of the committee chairmen, will detail the CDFI Fund's operations during the preceding fiscal year. This provision is designed to ensure greater transparency regarding the Fund's activities and financial management.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 118-2674
CDFI Fund Transparency Act
Sep 4, 2025
Introduced in Senate
Sep 4, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 3, 2026

Latest Companion Bill Action

HR 119-7775
Introduced in House
  • Bill from Previous Congress

    S 118-2674
    CDFI Fund Transparency Act


  • September 4, 2025
    Introduced in Senate


  • September 4, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 3, 2026

    Latest Companion Bill Action

    HR 119-7775
    Introduced in House
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (3)
Mark R. Warner (Democratic)Raphael G. Warnock (Democratic)Mike Crapo (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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