Supporting Community Lenders Act

HR 6486, the Supporting Community Lenders Act, creates a new Coordinator position within the Small Business Administration's Office of Capital Access. This Coordinator will focus on supporting community financial institutions (CFIs) - small banks and credit unions serving underserved communities - to improve their ability to provide capital to small businesses. Key duties include developing programs for CFIs, building partnerships with federal agencies like the FDIC and Treasury, running outreach and training, and submitting annual reports to Congress. The bill directly affects CFIs and small businesses in communities with limited banking access by establishing a dedicated federal role to strengthen their support.