To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to establish minimum issuance amounts under the CDFI Bond Guarantee Program, and for other purposes,.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6830 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6830

 To amend the Riegle Community Development and Regulatory Improvement 
 Act of 1994 to establish minimum issuance amounts under the CDFI Bond 
               Guarantee Program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 12, 2020

 Mr. Phillips introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Riegle Community Development and Regulatory Improvement 
 Act of 1994 to establish minimum issuance amounts under the CDFI Bond 
               Guarantee Program, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MINIMUM ISSUANCE AMOUNTS UNDER THE CDFI BOND GUARANTEE 
              PROGRAM.

    (a) Reduction for Fiscal Year 2020.--
            (1) In general.--Section 114A(e)(2)(B) of the Riegle 
        Community Development and Regulatory Improvement Act of 1994 
        (12 U.S.C. 4713a(e)(2)(B)) is amended by striking 
        ``$100,000,000'' and inserting ``$25,000,000''.
            (2) Rule of application.--The Notice of Guarantee 
        Availability issued for the Bond Guarantee Program in fiscal 
        year 2019 (CFDA 21.011) shall apply for purposes of carrying 
        out the Program (as defined under section 114A(a) of the Riegle 
        Community Development and Regulatory Improvement Act of 1994) 
        with regard to commitments to guarantee bonds and notes during 
        fiscal year 2020.
    (b) Permanent Adjustment.--Effective October 1, 2020, section 
114A(e)(2)(B) of the Riegle Community Development and Regulatory 
Improvement Act of 1994 (12 U.S.C. 4713a(e)(2)(B)) is amended by 
striking ``$25,000,000'' and inserting ``$50,000,000''.
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