OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Cdfi Bond Guarantee Program Improvement Act of 2022

Floor Speech

Date: July 26, 2022
Location: Washington, DC


I thank my colleague from Missouri, Mr. Cleaver, for offering this bill and for working with Republicans on the Financial Services Committee to make it a better bill.

H.R. 7733, as amended through bipartisan negotiations, would lower the CDFI Fund's Bond Guarantee Program minimum issuance threshold from $100 million to $25 million. It would also require the Secretary of the Treasury to review the effectiveness of the CDFI Bond Guarantee Program and report its findings to Congress; and the program would sunset after 4 years allowing Congress adequate time to make adjustments and ensure proper stewardship of taxpayer dollars.

This increased accountability will allow Congress to make certain that the programs that we authorize match the needs of the communities to be served.

Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.

BREAK IN TRANSCRIPT

Mrs. WAGNER. Mr. Speaker, I urge my colleagues to support H.R. 7733, and I yield back the balance of my time.

BREAK IN TRANSCRIPT


Source
arrow_upward