IV 111th CONGRESS 1st Session H. RES. 967 IN THE HOUSE OF REPRESENTATIVES December 11, 2009 Ms. Clarke (for herself, Mr. Gonzalez, Mr. Gutierrez, Ms. Moore of Wisconsin, Mrs. Maloney, Mr. Hinojosa, Mr. Serrano, Mr. Clay, Mr. Davis of Illinois, Mr. Bishop of Georgia, Ms. Kilpatrick of Michigan, Mr. Towns, Mr. Grijalva, Ms. Bordallo, Mr. Watt, Mr. Meek of Florida, and Mr. Meeks of New York) submitted the following resolution; which was referred to the Committee on Financial Services RESOLUTION Recognizing the 15th anniversary of the establishment of the Community Development Financial Institutions Fund and reaffirming the importance of its mission of economic and community development.

Whereas, on September 23, 1994, the United States Government created the Community Development Financial Institutions Fund (hereinafter referred to as the Fund), an agency of the Federal Government located within the United States Department of the Treasury; Whereas the United States Government declared the Fund’s purpose to be the promotion of economic and community development; Whereas the United States Government directed that this purpose be pursued through investment in and assistance to community development financial institutions, including enhancing the liquidity of community development financial institutions; Whereas the United States Congress determined that the Fund had to be created in order to address the economic and social challenges resulting from low economic growth, escalating levels of poverty, and limited employment opportunities in some rural, urban, and Native American communities; and Whereas the Fund has demonstrated for 15 years its ability to consistently play a role in the important work of expanding economic opportunity and promoting positive economic and social outcomes for all United States citizens: Now, therefore, be it

That the House of Representatives— (1)recognizes the 15th anniversary of the historic establishment of the Community Development Financial Institutions Fund; (2)acknowledges that the purpose of the Community Development Financial Institutions Fund is to promote economic revitalization in underserved rural, urban, and Native American communities; (3)reaffirms the importance of agency investments in and assistance to financial institutions which conduct economic and community development; and (4)asserts the relevance of the Community Development Financial Institutions Fund as an indispensable agency engaged in the business of promoting both job creation and retention, as well as economic growth.