CDFI Fund Transparency Act

The CDFI Fund Transparency Act (S 2704) requires the Treasury Secretary (or their designee) to annually testify before the Senate Banking Committee and House Financial Services Committee about the Community Development Financial Institutions (CDFI) Fund's operations. This testimony would cover the previous fiscal year's activities, at the committees' discretion. The bill directly affects the Treasury Department and the CDFI Fund, aiming to increase transparency in how the fund operates. It does not change funding or program rules, only adding a reporting requirement for the Treasury.