A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "CDFI Fund Transparency Act," seeks to amend the Riegle Community Development and Regulatory Improvement Act of 1994. It would require the Secretary of the Treasury or a designee to provide annual testimony to Congress. This testimony must focus on the operations of the Community Development Financial Institutions Fund from the previous year. The requirement to testify is triggered at the discretion of the Chair of the House Committee on Financial Services and the Chair of the Senate Committee on Banking, Housing, and Urban Affairs.
Yes· 3 of 14
- Scored +3
Does this make what the government does easier for the public to see?
The bill directly increases transparency by requiring annual testimony regarding fund operations.
- Scored +2
Does this make the government pay for what it commits to?
The bill enhances oversight of fund operations, which can contribute to improved fiscal responsibility.
- Scored +1
Would households on low incomes be better off under this?
Enhanced transparency in CDFI operations may lead to more effective community investment for low-income populations.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Increased Oversight of Fund Operations: By requiring the Secretary of the Treasury to testify annually regarding the operations of the Fund, the bill provides a mechanism for congressional oversight (Section 2).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly mentioned in the text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would Black Americans be better off under this? — Improved fund oversight may benefit communities of color targeted by CDFI initiatives. Would business owners be better off under this? — Increased oversight of the CDFI Fund may improve the flow of resources to small business owners. Would Hispanic Americans be better off under this? — Improved fund oversight may benefit communities of color targeted by CDFI initiatives. Would households on low incomes be better off under this? — Enhanced transparency in CDFI operations may lead to more effective community investment for low-income populations. Would Native Americans be better off under this? — Improved fund oversight may benefit communities of color targeted by CDFI initiatives. Would people in rural areas be better off under this? — Transparency may improve the efficacy of community investments in rural areas. Would people in cities be better off under this? — Transparency may improve the efficacy of community investments in urban areas.
- Economy And Finance
- Does this make the government pay for what it commits to? — The bill enhances oversight of fund operations, which can contribute to improved fiscal responsibility. Does this make it easier to run a small business? — Increased transparency in the CDFI Fund may lead to better support for community development and small businesses.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill directly increases transparency by requiring annual testimony regarding fund operations.
- Social Issues And Justice
- Does this make housing cost less? — Increased oversight of the CDFI Fund may improve the effectiveness of community development programs including housing. Is this likely to lift people out of poverty? — Improved fund transparency may more effectively direct resources toward poverty reduction initiatives. Does this narrow racial gaps in how people are treated? — Transparency in CDFI operations may aid in ensuring equitable distribution of community development funds.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — Greater transparency in the CDFI Fund can assist in targeted rural development efforts.
- 3/3/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Young KimRepublican · California