Sec. 6. Report on certified community development financial institutions
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Section 117(a) of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4716(a) ) is amended— by striking The Fund and inserting the following: The Fund ; by striking and the Congress and inserting , the Congress, and the public ; and by adding at the end the following: The annual report required under paragraph
(1)shall include a report on community development financial institutions ( CDFIs ) that have been certified by the Secretary of the Treasury, including a summary with aggregate data and analysis, to the fullest extent practicable, regarding— a list of the types of organizations that are certified as CDFIs, and the number of each type of organization; the geographic location and capacity of different types of certified CDFIs; the primary lines of business for different types of certified CDFIs, as well as any secondary lines of business; human resources and staffing information for different types of certified CDFIs, including— the types of development services provided by different types of certified CDFIs; the target markets of different types of certified CDFIs and the amount of products and services offered by CDFIs to those target markets, including— the number and amount of loans and loan guarantees made in those target markets; the number and amount of other investments made in those target markets; and the number and amount of development services offered in those target markets; and such other information as the Director of the Fund may determine necessary to promote transparency of the impact of different types of CDFIs, while carrying out this report in a manner that seeks to minimize data reporting requirements from certified CDFIs when feasible, including utilizing information gathered from other regulators under section 104(l). .
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Sec. 6
Report on certified community development financial institutions
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