HR 7733 United States House · 117th Congress

CDFI Bond Guarantee Program Improvement Act of 2022

Summary

CDFI Bond Guarantee Program Improvement Act of 2022 This bill reauthorizes for four years and otherwise revises the Community Development Financial Institutions (CDFI) Bond Guarantee Program. Specifically, the bill (1) reduces the CDFI Bond Guarantee Program minimum issuance amount from $100 million to $25 million, and (2) revises the amount to be held in a CDFI's relending account. (CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides financing to CDFIs through federal credit subsidies that allow CDFIs to issue bonds.)

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

May 2022

Committee Review

Jul 2022

House Passage

Jul 2022

Senate Passage

President

Introduced May 12, 2022 Last action Jul 28, 2022

Floor votes

How they voted

This bill passed the House. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 28, 2022

Committee

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

upper

Jul 27, 2022

Lower · Passed

Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended. (consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

lower

Jul 27, 2022

Lower · Passed

Passed/agreed to in House: Pursuant to section 5 of H. Res. 1254, and the motion offered by Mr. Kildee, the following bills passed under suspension of the rules: H.R. 623, as amended; H.R. 3952, as amended; H.R. 3962, as amended; H.R. 4551; H.R. 5313, as amended; H.R. 6933; H.R. 7132, as amended; H.R. 7361; H.R. 7569; H.R. 7624, as amended; H.R. 7733, as amended; and H.R. 7981, as amended.(consideration: CR H7197-7211, H7219-7220, H7223-7237; text: 07/26/2022 CR H7127)

lower

Jul 26, 2022

Introduced

Ms. Waters moved to suspend the rules and pass the bill, as amended.

lower

Jun 7, 2022

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-352.

lower

May 17, 2022

Introduced

Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

lower

May 17, 2022

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

May 12, 2022

Committee

Referred to the House Committee on Financial Services.

lower

May 12, 2022

Introduced

Introduced in House

lower

1 primary · 0 co-sponsors