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CDFI Fund Transparency Act

The bill amends the Riegle Community Development and Regulatory Improvement Act of 1994 to require the Secretary of the Treasury (or a designee) to testify annually before Congressional committees. The testimony must address the operations of the Community Development Financial Institutions (CDFI) Fund, support for small businesses and minority institutions, as well as efforts regarding young entrepreneurs and technology challenges.
Key points
Mandates the Secretary of the Treasury (or a designee) to testify annually before Congress regarding CDFI Fund operations.
Testimony must cover topics such as the use of COVID-19 relief funds, support for young entrepreneurs, and the provision of a searchable map of institution locations.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_3161
Sponsor: Rep. Rose, John W. [R-TN-6]
Process start date: 2023-05-09
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CDFI Fund Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3161.

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 2023-05-09.

What are the main provisions?

Key points include:

  • Mandates the Secretary of the Treasury (or a designee) to testify annually before Congress regarding CDFI Fund operations.
  • Testimony must cover topics such as the use of COVID-19 relief funds, support for young entrepreneurs, and the provision of a searchable map of institution locations.
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. Rose, John W. [R-TN-6].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 541.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Economy Public Investments