[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3161 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 3161

 To amend the Riegle Community Development and Regulatory Improvement 
   Act of 1994 to require the Director of the Community Development 
 Financial Institutions Fund to testify on an annual basis before the 
 Financial Services Committee of the House of Representatives and the 
      Banking, Housing, and Urban Affairs Committee of the Senate.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 9, 2023

Mr. Rose (for himself and Ms. Pettersen) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
 To amend the Riegle Community Development and Regulatory Improvement 
   Act of 1994 to require the Director of the Community Development 
 Financial Institutions Fund to testify on an annual basis before the 
 Financial Services Committee of the House of Representatives and the 
      Banking, Housing, and Urban Affairs Committee of the Senate.

    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. REQUIREMENT TO TESTIFY.

    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 Financial Services Committee of the House of 
        Representatives and the Chair of the Banking, Housing, and 
        Urban Affairs Committee of the Senate, annually testify before 
        such committees (or a subcommittee of such committees) 
        regarding the operations of the Fund during the previous 
        year.''.
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