CDFI Fund Transparency Act

HR 3161, the CDFI Fund Transparency Act, requires the Treasury Secretary (or their designee) to annually testify before the House Financial Services Committee and Senate Banking Committee about the operations of the Community Development Financial Institutions (CDFI) Fund. This testimony would cover the Fund's activities from the previous year and is requested at the discretion of the committee chairs. The bill does not change how the CDFI Fund provides funding but mandates regular reporting to Congress on its operations. It directly affects the Treasury Department's reporting obligations and the congressional committees overseeing the Fund. This is a procedural transparency measure, not a substantive policy change.