,,ib ,union ,calendar ,no4 #bff #aagth  
,,congress  #b;d ,session  ,h4 ,r4 #ggcc
 ,report ,no4 #aag-ceb ,,in ,,the       
,,house ,,of ,,representatives  ,may    
#ab1 #bjbb,mr4 ,cleaver introduced the  
following bill2 which was referred to   
the ,committee on ,financial ,services  
,june #g1 #bjbb,reported with an        
amendment1 committed to the ,committee  
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be           
printed,strike out all after the        
enacting clause and insert the part     
printed in italic,for text of introduced
 bill1 see copy of bill as introduced on
 ,may #ab1 #bjbb  ,a ,,bill  ,to amend  
the ,community ,development ,banking and
 ,financial ,institutions ,act of #aiid 
to reauthorize and improve the community
 development financial institutions bond
 guarantee program1 and for other       
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,cdfi ,bond        
,guarantee ,program ,improvement ,act of
 #bjbb4  #b4 ,sense of ,congress ,it is 

the sense of ,congress that the         
authority to guarantee bonds under      
section #aad;,a of the ,community       
,development ,banking and ,financial    
,institutions ,act of #aiid 7#ab        
,u4,s4,c4 #dgac;a7 7commonly referred to
 as the ,,cdfi ,bond ,guarantee         
,program7 provides community development
 financial institutions with a          
sustainable source of long-term capital 
and furthers the mission of the         
,community ,development ,financial      
,institutions ,fund 7established under  
section #ajd7;a7 of such ,act 7#ab      
,u4,s4,c4 #dgjc7;a77 to increase        
economic opportunity and promote        
community development investments for   
underserved populations and distressed  
communities in the ,united ,states4  #c4
 ,guarantees for bonds and notes issued 
for community or economic development   
purposes ,section #aad;,a of the        
,community ,development ,banking and    
,financial ,institutions ,act of #aiid  
7#ab ,u4,s4,c4 #dgac;a7 is amended--    

7#a7 in subsection 7c77#b71 by striking 
1 multiplied by an amount equal to the  
outstanding principal balance of issued 
notes or bonds2  7#b7 in subsection     
7e77#b77;,b71 by striking #ajj1jjj1jjj  
and inserting #be1jjj1jjj2 and  7#c7 in 
subsection 7k71 by striking ,september  
#cj1 #bjad and inserting the date that  
is #d years after the date of enactment 
of the ,,cdfi ,bond ,guarantee ,program 
,improvement ,act of #bjbb4  #d4 ,report
 on the ,,cdfi bond guarantee program   
,not later than #a year after the date  
of enactment of this ,act1 and not later
 than #c years after such date of       
enactment1 the ,secretary of the        
,treasury shall issue a report to the   
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate on the   
effectiveness of the ,,cdfi bond        
guarantee program established under     
section #aad;,a of the ,community       
,development ,banking and ,financial    

,institutions ,act of #aiid 7#ab        
,u4,s4,c4 #dgac;a74  ,june #g1          
#bjbb,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed