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Improving Community Development Bond Guarantee Program

This act aims to enhance the bond guarantee program that supports community development. The changes will make it easier for local projects to access funding, potentially leading to new jobs and better services in your area. The minimum guarantee amount has been lowered, opening doors for smaller initiatives.
Key points
Lowering the minimum bond guarantee amount from $100 million to $25 million, making it easier for smaller projects to access funding.
Streamlining the bond guarantee program for financial institutions supporting community development, potentially leading to more local investments.
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Expired
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Additional Information
Print number: 117_S_3441
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2022-01-05
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Summarized by: gemini-2.5-flash-preview-05-20
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_S_3441.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-01-05.

What are the main provisions?

Key points include:

  • Lowering the minimum bond guarantee amount from $100 million to $25 million, making it easier for smaller projects to access funding.
  • Streamlining the bond guarantee program for financial institutions supporting community development, potentially leading to more local investments.
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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Public Investments Economy