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Community Development: Easier Access to Long-Term Funding

This act aims to simplify access to long-term financing for institutions supporting local and economic development. The changes lower the minimum bond guarantee amount, potentially helping smaller projects secure funds. The goal is to increase economic opportunity and promote community development investments for underserved populations.
Key points
Lowering the minimum bond guarantee amount from $100 million to $25 million.
Extending the bond guarantee program for four years from the date of enactment.
Supporting the CDFI Fund's mission to increase economic opportunity and promote community development investments in distressed communities.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7733
Sponsor: Rep. Cleaver, Emanuel [D-MO-5]
Process start date: 2022-05-12
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CDFI Bond Guarantee Program Improvement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7733.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-12.

What are the main provisions?

Key points include:

  • Lowering the minimum bond guarantee amount from $100 million to $25 million.
  • Extending the bond guarantee program for four years from the date of enactment.
  • Supporting the CDFI Fund's mission to increase economic opportunity and promote community development investments in distressed communities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cleaver, Emanuel [D-MO-5].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended. (consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments Finance