[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7775 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 7775

 To amend the Riegle Community Development and Regulatory Improvement 
 Act of 1994 to require annual testimony to Congress on the operations 
       of the Community Development Financial Institutions Fund.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 2026

  Mr. Rose (for himself and Mrs. Kim) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
 To amend the Riegle Community Development and Regulatory Improvement 
 Act of 1994 to require annual testimony to Congress on the operations 
       of the Community Development Financial Institutions Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CDFI Fund Transparency Act''.

SEC. 2. CDFI FUND TRANSPARENCY.

    Section 104(b) of the Riegle Community Development and Regulatory 
Improvement Act of 1994 (12 U.S.C. 4703(b)) is amended by adding to the 
end the following:
            ``(5) Annual testimony.--The Secretary of the Treasury (or 
        a designee of the Secretary) shall, at the discretion of the 
        Chair of the Committee on Financial Services of the House of 
        Representatives and the Chair of the Committee on Banking, 
        Housing, and Urban Affairs of the Senate, annually testify 
        before such committees (or a subcommittee of such committees) 
        regarding the operations of the Fund during the previous 
        year.''.
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