,,ii  #aagth ,,congress  #b;d ,session  
,s4 #decg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ad1     
#bjbb,mr4 ,warner 7for himself and ,mr4 
,hagerty7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs  ,a ,,bill  ,to     
amend the ,community ,development       
,banking and ,financial ,institutions   
,act of #aiid to adjust for inflation   
the maximum amount of assistance        
provided by the ,community ,development 
,financial ,institutions ,fund1 and for 
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,scaling       
,community ,lenders ,act of #bjbb4  #b4 
,capitalization assistance to enhance   
liquidity  7a7 ,in general ,section #aac
 of the ,community ,development ,banking
 and ,financial ,institutions ,act of   
#aiid 7#ab ,u4,s4,c4 #dgab7 is amended--
 7#a7 by striking subsection 7a7 and    
inserting the following3  7a7           
,assistance  7#a7 ,in general ,the ,fund

 may provide funds to organizations for 
the purpose of-- 7,a7 purchasing loans1 
loan participations1 or interests       
therein from community development      
financial institutions2  7,b7 providing 
guarantees1 loan loss reserves1 or other
 forms of credit enhancement to promote 
liquidity for community development     
financial institutions2 and  7,c7       
otherwise enhancing the liquidity of    
community development financial         
institutions4  7#b7 ,construction of    
,federal ,government funds ,for purposes
 of this subsection1 notwithstanding    
section #aje7;a77#i7 of the ,housing and
 ,community ,development ,act of #aigd  
7#db ,u4,s4,c4 #ecje7;a77#i771 funds    
provided pursuant to such ,act shall be 
considered to be ,federal ,government   
funds4  2  7#b7 by striking subsection  
7b7 and inserting the following3  7b7   
,selection  7#a7 ,in general ,the       
selection of organizations to receive   
assistance and the amount of assistance 
to be provided to any organization under

 this section shall be at the discretion
 of the ,fund and in accordance with    
criteria established by the ,fund4  7#b7
 ,eligibility ,organizations eligible to
 receive assistance under this section--
 7,a7 shall have a primary purpose of   
promoting community development2 and    
7,b7 are not required to be community   
development financial institutions4     
7#c7 ,prioritization ,for the purpose of
 making an award1 the ,fund shall       
prioritize the selection of             
organizations that-- 7,a7 demonstrate   
relevant experience or an ability to    
carry out the activities under this     
section1 including experience leading or
 participating in loan purchase         
structures1 or purchasing or            
participating in the purchase of1 or    
assigning1 or otherwise transferring    
assets from community development       
financial institutions2  7,b7           
demonstrate the capacity to increase the
 number or dollar volume of loan        
originations or expand the products or  

services of community development       
financial institutions1 including by    
leveraging the award with private       
capital2 and  7,c7 will use the funds to
 support community development financial
 institutions that represent broad      
geographic coverage or that serve       
borrowers that have experienced         
significant unmet capital or financial  
services needs4  2  7#c7 in subsection  
7c71 in the first sentence-- 7,a7 by    
striking #e1jjj1jjj and inserting       
#bj1jjj1jjj2 and  7,b7 by striking      
during any #c-year period2 and  7#d7 by 
adding at the end the following3  7g7   
,regulations ,the ,secretary may        
promulgate such regulations as may be   
necessary or appropriate to carry out   
the authorities or purposes of this     
section4  7h7 ,authorization of         
appropriations ,there are authorized to 
be appropriated to the ,secretary       
#ajj1jjj1jjj to carry out this section1 
including to carry out a study on the   
options to increase community           

development financial institution       
liquidity and secondary market          
opportunities4  4  7b7 ,annual reports  
7#a7 ,definitions ,in this subsection1  
the terms community development         
financial institution and ,fund have the
 meanings given the terms in section    
#ajc of the ,community ,development     
,banking and ,financial ,institutions   
,act of #aiid 7#ab ,u4,s4,c4 #dgjb74    
7#b7 ,requirements ,not later than #a   
year after the date on which assistance 
is first provided under section #aac of 
the ,community ,development ,banking and
 ,financial ,institutions ,act of #aiid 
7#ab ,u4,s4,c4 #dgab7 pursuant to the   
amendments made by subsection 7a71 and  
annually thereafter through #bjbh1 the  
,secretary of the ,treasury shall submit
 to ,congress a written report          
describing the use of the ,fund for the 
#a-year period preceding the submission 
of the report for the purposes described
 in subsection 7a77#a7 of such section  
#aac 7as amended by subsection 7a7 of   

this section71 which shall include1 with
 respect to the period covered by the   
report-- 7,a7 the total amount of-- 7i7 
loans1 loan participations1 and         
interests therein purchased from        
community development financial         
institutions2 and  7ii7 guarantees1 loan
 loss reserves1 and other forms of      
credit enhancement provided to community
 development financial institutions2    
7,b7 the effect of the purchases and    
guarantees made by the ,fund on the     
overall competitiveness of community    
development financial institutions2 and 
7,c7 the impact of the purchases and    
guarantees made by the ,fund on the     
liquidity of community development      
financial institutions4