Bill · S. 1880· Senate(119-S-1880)
CDFI Bond Guarantee Program Improvement Act of 2025
- Introduced
- 5/22/2025
- Last activity
- 5/22/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Tina Smith
- Cosponsors
- - 6 - 6
- Introduced
- In Committee
What this bill would do
This bill, known as the "CDFI Bond Guarantee Program Improvement Act of 2025," seeks to amend the Community Development Banking and Financial Institutions Act of 1994. It aims to reauthorize and improve the community development financial institutions bond guarantee program. The legislation adjusts the limitations on the amount the Secretary may guarantee. It also extends the program's timeline by setting a new expiration date. Finally, it requires the Secretary of the Treasury to issue reports regarding the effectiveness of the program.
Yes· 3 of 15
Would households on low incomes be better off under this?+5
The bill targets underserved populations and distressed communities to increase opportunity.
Does this make it easier to run a small business?+5
The bill supports community development financial institutions which provide capital to small businesses in distressed communities.
Would Black Americans be better off under this?+4
Support for underserved communities often benefits disproportionately among African American populations.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Access to Capital: The bill seeks to reauthorize and improve the CDFI bond guarantee program, which provides community development financial institutions with a sustainable source of long-term capital (Section 2).
-
Economic Opportunity: The program aims to increase economic opportunity and promote community development investments for underserved populations and distressed communities in the United States (Section 2).
-
Program Oversight: The Secretary of the Treasury is required to issue reports on the effectiveness of the CDFI bond guarantee program to Senate and House committees (Section 4).
Potential Negative Impacts for People
- Guarantee Minimums: The Secretary may not guarantee any amount under the program that is less than $25,000,000 (Section 3(a)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+5Good For African Americans+4Good For Hispanic Americans+4Good For Native Americans+4Good For Urban Residents+4Good For Business Owners+3Good For Rural Residents+3
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+4Increases Job Creation+3
- Social Issues And Justice
- Improves Affordable Housing+4Improves Poverty Reduction+4Improves Racial Equity+4
- Environment Energy And Infrastructure
- Improves Rural Development+3
- Governance And Ideology
- Improves Government Transparency+3
- 9/11/2025
- 1 Cosponsor added.
- 5/22/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 11 Cosponsors added.
- Introduced in Senate
Cory BookerDemocrat · New Jersey
Lisa Blunt RochesterDemocrat · Delaware
Mike CrapoRepublican · Idaho
Steve DainesRepublican · Montana
Ruben GallegoDemocrat · Arizona
John HickenlooperDemocrat · Colorado
Cindy Hyde-SmithRepublican · Mississippi
Amy KlobucharDemocrat · Minnesota
Cynthia LummisRepublican · Wyoming
Mike RoundsRepublican · South Dakota
Tim SheehyRepublican · Montana
Mark WarnerDemocrat · Virginia