Sec. 9. Study on securitization by CDFIs
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The Secretary of the Treasury, in consultation with the Community Development Financial Institutions Fund and such other Federal agencies as the Secretary determines appropriate, shall carry out a study on— the use of securitization by CDFIs; any barriers to the use of securitization as a source of liquidity by CDFIs; and any authorities available to the Government to support the use of securitization by CDFIs to the extent it helps serve underserved communities. Not later than the end of the 1-year period beginning on the date of enactment of this Act, the Secretary shall issue a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing— all findings and determinations made in carrying out the study required under subsection (a); and any legislative or administrative recommendations of the Secretary that would promote the responsible use of securitization to help CDFIs in reaching more underserved communities.
The term CDFI has the meaning given the term community development financial institution under section 103 of the Riegle Community Development and Regulatory Improvement Act of 1994.