S. 1880

119th Congress

In Committee

CDFI Bond Guarantee Program Improvement Act of 2025

Sponsored byDemocrat:Sen. Smith, Tina [D-MN]MN· Introduced 22 May 2025
Open on Congress.gov

12

Cosponsors

2

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

22 May 2025·1 year ago

Summary

Introduced in Senate · Updated 27 May 2026

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.

Timeline

2 actions

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

    22 May 2025 · IntroReferral

  2. Introduced in Senate

    22 May 2025 · IntroReferral

Sponsorship

12 cosponsors

Sponsor

Democrat:Sen. Smith, Tina [D-MN]MN

Cosponsors

  • Democrat650%
  • Republican650%

Classification

Policy area

Finance and Financial Sector

Cosponsor momentum

Cumulative over time

Cosponsors grew from 11 on 22 May 2025 to 12 on 11 September 2025.

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