CDFI Bond Guarantee Program Improvement Act of 2023

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10422 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10422 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 16, 2024 Mr. Cleaver introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``CDFI Bond Guarantee Program Improvement Act of 2023''. SEC. 2. SENSE OF CONGRESS. It is the sense of Congress that the authority to guarantee bonds under section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) (commonly referred to as the ``CDFI Bond Guarantee Program'') provides community development financial institutions with a sustainable source of long-term capital and furthers the mission of the Community Development Financial Institutions Fund (established under section 104(a) of such Act (12 U.S.C. 4703(a)) to increase economic opportunity and promote community development investments for underserved populations and distressed communities in the United States. SEC. 3. GUARANTEES FOR BONDS AND NOTES ISSUED FOR COMMUNITY OR ECONOMIC DEVELOPMENT PURPOSES. (a) In General.--Section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) is amende