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Access to Fair Financing for Opportunity and Resilient Development Act

In committee: it can still change before the session ends.

US S 3940 · Senate Bill · 119th Congress

Draft a letter
Stage
In committee
Started in
Senate
Sponsors
54
Latest action
Feb 26, 2026

What it does

The bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Secretary of the Treasury to testify annually before congressional committees on the operations of the Community Development Financial Institutions Fund. It improves the CDFI Bond Guarantee Program by adjusting guarantee limits, extending the program’s authorization, and requiring a report on its effectiveness. It also enhances capitalization assistance for liquidity, modifies the Emergency Capital Investment Funds, and establishes a set-aside for Native community development financial institutions to support lending in underserved Tribal and Native communities.

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Feb 26, 2026

  2. Committee (Current step)

    In committee · Feb 26, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Access to Fair Financing for Opportunity and Resilient Development Act | 52