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Local Development Support: New Bond Guarantee Rules

This act aims to facilitate access to long-term financing for institutions supporting local community development. This increases investment opportunities in underserved areas, potentially leading to job creation and improved living conditions. Citizens may experience positive changes in their communities due to more development projects.
Key points
Increasing the bond guarantee limit to $1 billion annually, meaning more funds for local development.
Extending the bond guarantee program for another 4 years, ensuring stable support for communities.
Introducing a minimum guarantee amount of $25 million, focusing support on larger projects.
Requiring reports on the program's effectiveness, ensuring transparency and impact assessment.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1880
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2025-05-22
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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 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1880.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-22.

What are the main provisions?

Key points include:

  • Increasing the bond guarantee limit to $1 billion annually, meaning more funds for local development.
  • Extending the bond guarantee program for another 4 years, ensuring stable support for communities.
  • Introducing a minimum guarantee amount of $25 million, focusing support on larger projects.
  • Requiring reports on the program's effectiveness, ensuring transparency and impact assessment.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Public Investments Economy