Bills · HR 7775
IN COMMITTEE· 119TH CONGRESS
House BillHR 7775Finance and Financial Sector
CDFI Fund Transparency Act
INTRO MAR 3· LAST ACTION MAR 3
READING
1MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to increase transparency and accountability for how federal money is used to support economic development in communities that often struggle the most. The CDFI Fund provides crucial capital for housing, small businesses, and community facilities in underserved areas.
If this bill becomes law, Congress will have a regular, structured opportunity to question the Treasury Department about the effectiveness, impact, and operations of this fund. This added layer of oversight could help ensure that taxpayer dollars are being spent wisely and effectively to achieve the fund's mission. If it doesn't pass, the current system of oversight, which may not include a mandatory annual update, would remain in place, potentially offering less frequent or less comprehensive public reporting on the fund's performance.
KEY PROVISIONS
3AI-extractedPROVISION 01
Requires the Secretary of the Treasury (or a designated representative) to provide annual testimony to Congress.
This establishes a recurring, formal opportunity for congressional oversight of the CDFI Fund's operations.
PROVISION 02
The annual testimony will focus on the operations of the Community Development Financial Institutions (CDFI) Fund during the previous year.
This ensures that Congress receives specific, up-to-date information on how the fund is managed and its activities.
PROVISION 03
This annual testimony is at the discretion of the Chairs of the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee.
While annual testimony is required, it grants committee leadership the flexibility to decide if and when to convene the hearing, rather than making it automatic.
SPONSORSHIP
1 + 1
R· Tennessee
YRS IN OFFICE
7
BILLS LED
15
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSMAR 3
Introduced in House
MAR 3
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 7775
Congress119th
StatusIn Committee
IntroducedMar 3, 2026
Last actionMar 3, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED MAR 3, 2026
House BillHR 7775Finance and Financial Sector
CDFI Fund Transparency Act
INTRODUCED MAR 3, 2026· LAST ACTION MAR 3, 2026
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
1
COMPLEXITY
Moderate
