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To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund.
Summary
The CDFI Fund Transparency Act requires the Secretary of the Treasury to provide annual testimony to Congress about the Community Development Financial Institutions (CDFI) Fund's operations. The testimony requirement may be invoked at the discretion of the chairs of the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs. The Secretary or a designee would testify annually regarding the Fund's activities during the previous year.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Rose, John W. [R-TN-6] (R-TN)
1 cosponsor
- Rep. Kim, Young [R-CA-40] (R-CA)
Actions (2)
- Mar 3, 2026 Referred to the House Committee on Financial Services. · house
- Mar 3, 2026 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
March 3, 2026
Mr. Rose (for himself and Mrs. Kim) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “CDFI Fund Transparency Act”.
SEC. 2. CDFI FUND TRANSPARENCY.
Section 104(b) of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4703(b)) is amended by adding to the end the following:
“(5) Annual testimony.—The Secretary of the Treasury (or a designee of the Secretary) shall, at the discretion of the Chair of the Committee on Financial Services of the House of Representatives and the Chair of the Committee on Banking, Housing, and Urban Affairs of the Senate, annually testify before such committees (or a subcommittee of such committees) regarding the operations of the Fund during the previous year.”. <all>
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