S2704Referred to Committee

CDFI Fund Transparency Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-04
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Steve Daines
Steve Daines
Republican · MT · Senator
Votes with party: 34.4% (314 recorded votes)

Full profile: /officials/D000618

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-09-04

Source: Congress.gov

Plain-English Summary

This bill would require Community Development Financial Institutions (CDFIs)—lenders that provide credit and financial services to underserved communities—to disclose more detailed information about their operations, lending practices, and financial performance to the public. The increased transparency would help borrowers, investors, and regulators better understand how these institutions use federal funding and whether they're effectively serving low-income neighborhoods and small businesses. The measure aims to ensure accountability while these organizations receive government support to expand economic opportunity in disadvantaged areas.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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