S 3940 United States Senate · 119th Congress

Access to Fair Financing for Opportunity and Resilient Development Act

This bill amends the Community Development Banking and Financial Institutions Act of 1994 to require the Treasury Secretary to testify annually before Congress about the Fund's operations. It also strengthens the CDFI Bond Guarantee Program by adjusting guarantee limits and extending the program's authorization period. Additionally, the bill expands capital assistance options for community development financial institutions and creates a new lending program specifically for Native community development financial institutions to support homeownership in Tribal and Native communities.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
President
Introduced Feb 26, 2026 Last action Feb 26, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Feb 26, 2026
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Feb 26, 2026
Introduced
Introduced in Senate
upper
1 primary · 48 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Steve Daines
Steve Daines
RRepublican
MT
n/a
Co
Photo of Adam B. Schiff
Adam B. Schiff
DDemocratic
CA
n/a
Co
Photo of Amy Klobuchar
Amy Klobuchar
DDemocratic
MN
n/a
Co
Photo of Andy Kim
Andy Kim
DDemocratic
NJ
n/a
Co
Photo of Angela D. Alsobrooks
Angela D. Alsobrooks
DDemocratic
MD
n/a
Co
Photo of Angus S. King, Jr.
Angus S. King, Jr.
IIndependent
ME
n/a
Co
Photo of Bill Cassidy
Bill Cassidy
RRepublican
LA
n/a
Co
Photo of Catherine Cortez Masto
Catherine Cortez Masto
DDemocratic
NV
n/a
Co
Photo of Charles E. Schumer
Charles E. Schumer
DDemocratic
NY
n/a
Co
Photo of Chris Van Hollen
Chris Van Hollen
DDemocratic
MD
n/a
Co
Photo of Christopher A. Coons
Christopher A. Coons
DDemocratic
DE
n/a