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CDFI Fund Transparency Act

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

US S 2704 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
4
Latest action
Sep 4, 2025

What it does

The CDFI Fund Transparency Act would amend the Community Development Banking and Financial Institutions Act of 1994 to require the Secretary of the Treasury (or a designee) to testify annually before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services—or their subcommittees—regarding the operations of the Community Development Financial Institutions Fund during the previous fiscal year. This requirement is triggered at the discretion of the chairmen of those committees. The bill aims to increase transparency and accountability in how the CDFI Fund operates by mandating regular congressional oversight through testimony. It affects the…

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

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Where it stands

  1. Introduced (Done)

    Sep 4, 2025

  2. Committee (Current step)

    In committee · Sep 4, 2025

  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.

In the news

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Where it goes next

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

Work with this bill

CDFI Fund Transparency Act | 52