CDFI Bond Guarantee Program Improvement Act of 2025
This bill amends the CDFI Bond Guarantee Program to improve its operation. It raises the minimum guarantee amount to $25 million per bond issue, sets an annual cap of $1 billion for all guarantees, and extends the program's deadline by four years from enactment. The changes aim to provide more predictable access to long-term capital for Community Development Financial Institutions (CDFIs) serving underserved communities. The bill also requires the Treasury Secretary to submit two reports on the program's effectiveness to Congress within one and three years of enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 22, 2025
Last action May 22, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 22, 2025
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
May 22, 2025
Introduced
Introduced in Senate
upper
1 primary · 12 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tina Smith
DDemocratic
Co
Amy Klobuchar
DDemocratic
Co
Cindy Hyde-Smith
RRepublican
Co
Cory A. Booker
DDemocratic
Co
Cynthia M. Lummis
RRepublican
Co
John W. Hickenlooper
DDemocratic
Co
Lisa Blunt Rochester
DDemocratic
Co
Mark R. Warner
DDemocratic
Co
Mike Crapo
RRepublican
Co
Mike Rounds
RRepublican
Co
Ruben Gallego
DDemocratic
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