Scaling Community Lenders Act of 2023
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (May 4, 2023)
Scaling Community Lenders Act of 2023
This bill allows the Community Development Financial Institutions Fund to provide funds for 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.
The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.
What just happenedMar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
Who’s behind it
- Introduced in SenateMay 4, 2023
- Mar 12, 2024Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
Banking, Housing, and Urban Affairs Committee - May 4, 2023IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - May 4, 2023IntroReferral10000
Introduced in Senate