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CDFI Bond Guarantee Program Improvement Act of 2025
6/13/2025, 5:56 PM
Summary of Bill S 1880
The bill introduced in the 119th Congress, numbered S. 1880, aims to amend the Community Development Banking and Financial Institutions Act of 1994 to enhance and extend the community development financial institutions bond guarantee program. The bill also includes provisions for other purposes not specified in the provided context.
Congressional Summary of S 1880
CDFI Bond Guarantee Program Improvement Act of 2025
This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants.
CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds.
The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.
Read the Full Bill
Current Status of Bill S 1880
Bill S 1880 is currently in the status of Bill Introduced since May 22, 2025. Bill S 1880 was introduced during Congress 119 and was introduced to the Senate on May 22, 2025. Bill S 1880's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 22, 2025
Bipartisan Support of Bill S 1880
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
11Democrat Cosponsors
5Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1880
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 1880
A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.
A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.
Comments
Sponsors and Cosponsors of S 1880
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