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Code · BILL · 117th Congress · H.R. 7733 (Engrossed in House) — To amend the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the comm... · Sec. 2

Sec. 2. Sense of Congress

95 words·~1 min read·/bill/117/hr/7733/eh/section-2

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It is the sense of Congress that the authority to guarantee bonds under section 114A of the Community Development Banking and Financial Institutions Act of 1994 ( 12 U.S.C. 4713a ) (commonly referred to as the CDFI Bond Guarantee Program ) provides community development financial institutions with a sustainable source of long-term capital and furthers the mission of the Community Development Financial Institutions Fund (established under section 104(a) of such Act ( 12 U.S.C. 4703(a) ) to increase economic opportunity and promote community development investments for underserved populations and distressed communities in the United States.
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