Sec. 3. Treatment of CDFIs under the Main Street Lending Program
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Section 4003(c)(3)(D)(ii)(II) of the CARES Act ( 15 U.S.C. 9042(c)(3)(D)(ii)(II) ), as amended by section 2, is further amended by adding at the end the following: shall authorize community development financial institutions to be eligible lenders under such program or facility; and shall provide resources, webinars, and technical assistance (using funds from such program or facility) to minority depository institutions and community development financial institutions that wish to be eligible lenders under such program or facility. .
Not later than the end of the 5-day period beginning on the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall issue such rules or take such other actions as may be necessary to implement the requirements made by the amendments made by this section.
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Sec. 3
Treatment of CDFIs under the Main Street Lending Program
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