Referred to the House Committee on Financial Services.
Summary
The bill adds a requirement that the Secretary of the Treasury, or a designated official, testify each year before the House Financial Services Committee and the Senate Banking Committee about the Community Development Financial Institutions (CDFI) Fund’s operations. It is intended to increase transparency and congressional oversight of the fund that supports community‑development lenders. The measure directly impacts Treasury officials and the two congressional committees that oversee financial services.
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