,,ii  #aag? ,,congress  #b;d ,session   
,s4 #decg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ad1 #bjbb,mr4   
,w>n] 7= himself & ,mr4 ,hag]ty7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,community           
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid to adju/ =    
inflation ! maximum am\nt ( assi/ance   
provid$ by ! ,community ,developm5t     
,f9ancial ,in/itutions ,fund1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,scal+ ,community ,l5d]s   
,act ( #bjbb4  #b4 ,capitalization      
assi/ance to enhance liquidity  7a7 ,9  
g5]al ,section #aac ( ! ,community      
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgab7 is am5d$-- 7#a7 by /rik+        
subsection 7a7 & ins]t+ ! foll[+3  7a7  
,assi/ance  7#a7 ,9 g5]al ,! ,fund may  
provide funds to organizations = !      
purpose (-- 7,a7 pur*as+ loans1 loan    

p>ticipations1 or int]e/s !re9 f        
community developm5t f9ancial           
in/itutions2  7,b7 provid+ gu>antees1   
loan loss res]ves1 or o!r =ms ( cr$it   
enhancem5t to promote liquidity =       
community developm5t f9ancial           
in/itutions2 &  7,c7 o!rwise enhanc+ !  
liquidity ( community developm5t        
f9ancial in/itutions4  7#b7 ,con/ruction
 ( ,f$]al ,gov]nm5t funds ,= purposes ( 
?is subsection1 not)/&+ section         
#aje7;a77#i7 ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecje7;a77#i771 funds provid$ pursuant  
to su* ,act %all be consid]$ to be      
,f$]al ,gov]nm5t funds4  2  7#b7 by     
/rik+ subsection 7b7 & ins]t+ ! foll[+3 
7b7 ,selection  7#a7 ,9 g5]al ,!        
selection ( organizations to receive    
assi/ance & ! am\nt ( assi/ance to be   
provid$ to any organization "u ?is      
section %all be at ! discretion ( !     
,fund & 9 accordance ) crit]ia e/abli%$ 
by ! ,fund4  7#b7 ,eligibility          
,organizations eligible to receive      

assi/ance "u ?is section-- 7,a7 %all h a
 prim>y purpose ( promot+ community     
developm5t2 &  7,b7 are n requir$ to be 
community developm5t f9ancial           
in/itutions4  7#c7 ,prioritization ,= ! 
purpose ( mak+ an aw>d1 ! ,fund %all    
prioritize ! selection ( organizations  
t-- 7,a7 demon/rate relevant exp]i5ce or
 an ability to c>ry out ! activities "u 
?is section1 includ+ exp]i5ce lead+ or  
p>ticipat+ 9 loan pur*ase /ructures1 or 
pur*as+ or p>ticipat+ 9 ! pur*ase (1 or 
assign+1 or o!rwise transf]r+ assets f  
community developm5t f9ancial           
in/itutions2  7,b7 demon/rate ! capacity
 to increase ! numb] or doll> volume (  
loan orig9ations or exp& ! products or  
s]vices ( community developm5t f9ancial 
in/itutions1 includ+ by lev]ag+ ! aw>d )
 private capital2 &  7,c7 w use ! funds 
to support community developm5t f9ancial
 in/itutions t repres5t broad geographic
 cov]age or t s]ve borr[]s t h exp]i5c$ 
significant unmet capital or f9ancial   
s]vices ne$s4  2  7#c7 9 subsection 7c71

 9 ! fir/ s5t5ce-- 7,a7 by /rik+        
#e1jjj1jjj & ins]t+ #bj1jjj1jjj2 &  7,b7
 by /rik+ dur+ any #c-ye> p]iod2 &  7#d7
 by add+ at ! end ! foll[+3  7g7        
,regulations ,! ,secret>y may promulgate
 su* regulations z may be necess>y or   
appropriate to c>ry out ! au?orities or 
purposes ( ?is section4  7h7            
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to !         
,secret>y #ajj1jjj1jjj to c>ry out ?is  
section1 includ+ to c>ry out a /udy on !
 options to increase community          
developm5t f9ancial in/itution liquidity
 & second>y m>ket opportunities4  4  7b7
 ,annual reports  7#a7 ,def9itions ,9   
?is subsection1 ! t]ms community        
developm5t f9ancial in/itution & ,fund h
 ! mean+s giv5 ! t]ms 9 section #ajc ( !
 ,community ,developm5t ,bank+ &        
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb74  7#b7 ,requirem5ts ,n
 lat] ?an #a ye> aft] ! date on :i*     
assi/ance is fir/ provid$ "u section    
#aac ( ! ,community ,developm5t ,bank+ &

 ,f9ancial ,in/itutions ,act ( #aiid    
7#ab ,u4,s4,c4 #dgab7 pursuant to !     
am5dm5ts made by subsection 7a71 &      
annually !reaft] ?r\gh #bjbh1 !         
,secret>y ( ! ,treasury %all submit to  
,congress a writt5 report describ+ ! use
 ( ! ,fund = ! #a-ye> p]iod prec$+ !    
submission ( ! report = ! purposes      
describ$ 9 subsection 7a77#a7 ( su*     
section #aac 7z am5d$ by subsection 7a7 
( ?is section71 :i* %all include1 )     
respect to ! p]iod cov]$ by ! report--  
7,a7 ! total am\nt (-- 7i7 loans1 loan  
p>ticipations1 & int]e/s !re9 pur*as$ f 
community developm5t f9ancial           
in/itutions2 &  7ii7 gu>antees1 loan    
loss res]ves1 & o!r =ms ( cr$it         
enhancem5t provid$ to community         
developm5t f9ancial in/itutions2  7,b7 !
 effect ( ! pur*ases & gu>antees made by
 ! ,fund on ! ov]all competitiv5ess (   
community developm5t f9ancial           
in/itutions2 &  7,c7 ! impact ( !       
pur*ases & gu>antees made by ! ,fund on 
! liquidity ( community developm5t      

f9ancial in/itutions4