3.0.0 4165 2023-03-08T20:12:44Z 2023-03-08T20:12:44Z Senate S 2022-05-09 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2022-05-09T22:49:43Z 2022-05-09 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2022-05-09 Introduced in Senate IntroReferral 10000 9 Library of Congress S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI N B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2022-05-09 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2022-05-09 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2022-05-09 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2022-05-09 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2022-05-09 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2022-05-09 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2022-05-09 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2022-05-09 True H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2022-05-09 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2022-05-09 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2022-05-09 True Finance and Financial Sector Alaska Natives and Hawaiians Banking and financial institutions regulation Business investment and capital Cardiovascular and respiratory health Disaster relief and insurance Emergency medical services and trauma care Financial crises and stabilization Government trust funds Housing and community development funding Indian social and development programs Infectious and parasitic diseases Minority and disadvantaged businesses Poverty and welfare assistance Small business Unemployment Finance and Financial Sector 00 2022-05-09 Introduced in Senate 2022-05-24T14:00:30Z CDFI Crisis Fund Act

This bill establishes the CDFI National Crisis Fund. The fund is authorized to make grants to community development financial institutions (CDFIs) providing financial products as emergency assistance to small businesses and low-income populations in certain circumstances. Furthermore, the fund is triggered by

  • certain emergency declarations, including the COVID-19 emergency period;
  • certain disaster declarations;
  • a specified increase in a statewide unemployment rate; or
  • a specified increase in the nationwide unemployment rate.

Specified amounts in the fund are set aside for grants to Native and minority CDFIs.

The Government Accountability Office must report on the impact of the fund and provide recommendations.

]]> CDFI Crisis Fund Act Display Title CDFI Crisis Fund Act Short Title(s) as Introduced CDFI Crisis Fund Act Introduced in Senate IS Official Title as Introduced A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to establish a CDFI National Crisis Fund, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4165is/xml/BILLS-117s4165is.xml 2022-05-09 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.