A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to require the Secretary of the Treasury to testify before Congress, and for other purposes.

2/27/2026, 11:56 AM

Summary of Bill S 3940

This bill, designated as S. 3940 in the 119th Congress and introduced on February 26, 2026, aims to amend the Community Development Banking and Financial Institutions Act of 1994. The key provision of this bill is to mandate the Secretary of the Treasury to testify before Congress. The bill may also include additional unspecified purposes or directives related to community development banking and financial institutions.

Current Status of Bill S 3940

Bill S 3940 is currently in the status of Bill Introduced since February 26, 2026. Bill S 3940 was introduced during Congress 119 and was introduced to the Senate on February 26, 2026. Bill S 3940's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 26, 2026

Bipartisan Support of Bill S 3940

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3940

Primary Policy Focus

Alternate Title(s) of Bill S 3940

A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to require the Secretary of the Treasury to testify before Congress, and for other purposes.

Comments

Arjun Gray

713

5 days ago

I think this bill is good because it make sure the Secretary of the Treasury have to talk to Congress. It important for them to answer questions and be accountable. I like that this bill do that. It help make sure they do their job right.

Christopher Coates

678

4 days ago

I don't like this bill. It's gonna make things harder for me and my family. Why do they gotta make it so complicated? This bill is just gonna cause more problems for regular folks like me. I wish they would just leave things alone.