Access to Fair Financing for Opportunity and Resilient Development Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The bill makes the Treasury Secretary testify each year about the Community Development Financial Institutions (CDFI) Fund’s activities, strengthens the CDFI bond‑guarantee program, and broadens the Fund’s ability to provide liquidity to community lenders. It targets community‑development banks and other organizations that serve low‑income and distressed areas, aiming to increase long‑term capital and loan availability. By improving oversight and expanding funding tools, the bill seeks to boost economic opportunity in underserved neighborhoods.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when S 3940 changes status, plus AI-powered summaries and stage predictions.
Sign up free