117 S3441 IS: CDFI Bond Guarantee Program Improvement Act of 2022 U.S. Senate 2022-01-05 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.

II117th CONGRESS2d SessionS. 3441IN THE SENATE OF THE UNITED STATESJanuary 5, 2022Ms. Smith (for herself and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban AffairsA BILLTo amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the community development financial institutions bond guarantee program, and for other purposes.

1.

Short title

This Act may be cited as the CDFI Bond Guarantee Program Improvement Act of 2022.

2.

Guarantees for bonds and notes issued for community or economic development purposes

Section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) is amended—(1)in subsection (c)(2), by striking , multiplied by an amount equal to the outstanding principal balance of issued notes or bonds; (2)in subsection (e)(2)(B), by striking $100,000,000 and inserting $25,000,000; and(3)by striking subsection (k).