Scaling Community Lenders Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 14, 2022)
Scaling Community Lenders Act of 2022
This bill allows the Community Development Financial Institutions Fund to provide guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.
What just happenedJul 14, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateJul 14, 2022
- Jul 14, 2022IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 14, 2022IntroReferral10000
Introduced in Senate