S 1880 119th Congress Senate Finance and Financial Sector

CDFI Bond Guarantee Program Improvement Act of 2025

Introduced: May 22, 2025 Introduced by: Smith, Tina Democratic · Minnesota See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 22, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

May 22, 2025

Introduced in Senate

Plain-English summary Congressional Research Service

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.

What's happening now May 22, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Cosponsors 6 matching