[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2704 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2704

 To amend the Community Development Banking and Financial Institutions 
 Act of 1994 to increase transparency and accountability regarding the 
  operations of the Community Development Financial Institutions Fund.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 4, 2025

   Mr. Daines (for himself, Mr. Warner, Mr. Crapo, and Mr. Warnock) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To amend the Community Development Banking and Financial Institutions 
 Act of 1994 to increase transparency and accountability regarding 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. REQUIREMENT TO TESTIFY.

    Section 104(b) of the Community Development Banking and Financial 
Institutions 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 
        chairman of the Committee on Banking, Housing, and Urban 
        Affairs of the Senate and chairman of the Committee on 
        Financial Services of the House of Representatives, annually 
        testify before such committees (or a subcommittee of such 
        committees) regarding the operations of the Fund during the 
        previous fiscal year.''.
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