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Bill117th CongressFiled May 12, 2022Finance and Financial Sector
H.R. 7733

CDFI Bond Guarantee Program Improvement Act of 2022

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Jul 27, 2022)

CDFI Bond Guarantee Program Improvement Act of 2022

This bill reauthorizes for four years and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) revises the amount to be held in a CDFI's relending account.

(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

What just happenedJul 28, 2022

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Cleaver, Emanuel [D-MO-5](D-MO)Sponsor
Read on Congress.gov
2committees16actions3related bills11subjects
  1. Jul 28, 2022IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Jul 27, 2022FloorH37300

    Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended. (consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

  3. Jul 27, 2022Floor8000

    Passed/agreed to in House: Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended.(consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

  4. Jul 27, 2022FloorH1B000

    Pursuant to the provisions of H. Res. 1254, proceedings on H.R. 7733 are considered vacated.

  5. Jul 26, 2022FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  6. Jul 26, 2022FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 7733.

  7. Jul 26, 2022FloorH30000

    Considered under suspension of the rules. (consideration: CR H7127-7128)

  8. Jul 26, 2022FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  9. Jun 7, 2022CalendarsH12410

    Placed on the Union Calendar, Calendar No. 266.

  10. Jun 7, 2022CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-352.

    Financial Services Committee
  11. Jun 7, 2022Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-352.

    Financial Services Committee
  12. May 17, 2022Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

    Financial Services Committee
  13. May 17, 2022Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. May 12, 2022IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. May 12, 2022IntroReferralIntro-H

    Introduced in House

  16. May 12, 2022IntroReferral1000

    Introduced in House

Passed HouseJul 27, 202253

CDFI Bond Guarantee Program Improvement Act of 2022

This bill reauthorizes for four years and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) revises the amount to be held in a CDFI's relending account.

(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

Reported to HouseJun 7, 20227

CDFI Bond Guarantee Program Improvement Act of 2022

This bill reauthorizes for four years and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) revises the amount to be held in a CDFI's relending account.

(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

Introduced in HouseMay 12, 2022

CDFI Bond Guarantee Program Improvement Act of 2022

This bill permanently reauthorizes and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) revises the amount to be held in a CDFI's relending account.

(CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

CDFI Bond Guarantee Program Improvement Act of 2022 — Informed