Bills · S 1880
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1880Finance and Financial Sector
CDFI Bond Guarantee Program Improvement Act of 2025
INTRO MAY 22· LAST ACTION MAY 22
READING
3MIN
COSPONSORS
12BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it supports a critical pathway for investment into communities that often struggle to attract conventional financing. By extending and refining the CDFI Bond Guarantee Program, it helps ensure that local businesses can grow, affordable housing projects can be built, and vital community facilities can be developed in areas where they are needed most. If this bill becomes law, CDFIs will have continued access to long-term capital, which is essential for sustaining economic development efforts in low-income and distressed regions.
Without this bill, or if the program were to expire without reauthorization, a significant source of funding for community development projects in underserved areas could dry up. This could slow down economic growth, limit job creation, and hinder efforts to improve living standards in vulnerable communities across the country. The updated limits and reporting requirements are also important because they aim to make the program more effective and accountable, potentially maximizing its impact.
KEY PROVISIONS
5AI-extractedPROVISION 01
The bill reauthorizes the CDFI Bond Guarantee Program for an additional four years.
This ensures the program can continue to provide crucial long-term capital to Community Development Financial Institutions for several more years.
PROVISION 02
It establishes a new minimum guarantee amount of $25,000,000 for individual bonds issued under the program.
This sets a baseline for the size of projects that can be funded through this specific guarantee program, potentially focusing on larger-scale initiatives.
PROVISION 03
It sets an annual cap of $1,000,000,000 on the total amount of bond guarantees that can be issued by the Secretary in any fiscal year.
This limits the government's total exposure for new guarantees each year, managing potential financial risk.
PROVISION 04
It requires the Secretary of the Treasury to report on the effectiveness of the program one year and three years after the bill's enactment.
This provision increases accountability and transparency, allowing Congress to assess the program's impact and make future improvements.
PROVISION 05
The bill removes a specific calculation method from the existing law regarding the guarantee amount, potentially streamlining the process.
This change aims to simplify how guarantee amounts are determined, which could make the program more efficient to administer.
SPONSORSHIP
1 + 12
D· Minnesota
YRS IN OFFICE
7
BILLS LED
45
COSPONSOR BREAKDOWNBIPARTISAN · 100%
DEM 6 REP 6 IND 0
ACTION TIMELINE
2 EVENTSMAY 22
Introduced in Senate
MAY 22
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 1880
Congress119th
StatusIn Committee
IntroducedMay 22, 2025
Last actionMay 22, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED MAY 22, 2025
Senate BillS 1880Finance and Financial Sector
CDFI Bond Guarantee Program Improvement Act of 2025
INTRODUCED MAY 22, 2025· LAST ACTION MAY 22, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
12
COMPLEXITY
Moderate
