,,ib ,union ,calendar ,no4 #eda #aahth ,,congress #b;d ,session ,h4 ,r4 #cafa ,report ,no4 #aah-fdd ,,in ,,the ,,house ,,of ,,representatives ,may #i1 #bjbc,mr4 ,rose 7for himself and ,ms4 ,pettersen7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,august #cj1 #bjbd;,additional sponsors3 ,mr4 ,steil1 ,mr4 ,ogles1 ,mr4 ,timmons1 ,mr4 ,barr1 ,mr4 ,fitzgerald1 ,mrs4 ,houchin1 ,mr4 ,donalds1 ,mrs4 ,kim of ,california1 ,ms4 ,de ,la ,cruz1 ,mr4 ,williams of ,texas1 ,mr4 ,mooney1 ,mr4 ,kilmer1 ,mr4 ,meuser1 ,mr4 ,nickel1 ,mr4 ,nunn of ,iowa1 ,mrs4 ,hinson1 ,mr4 ,grothman1 ,mrs4 ,bice1 ,mr4 ,edwards1 ,mr4 ,van ,orden1 ,mr4 ,rogers of ,kentucky1 ,mr4 ,lawler1 ,mr4 ,sessions1 ,mr4 ,bergman1 ,mrs4 ,miller-,meeks1 ,mr4 ,finstad1 and ,mr4 ,la,hood ,august #cj1 #bjbd,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 #i1 #bjbc ,a ,,bill ,to amend the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid to require the ,director of the ,community ,development ,financial ,institutions ,fund to testify on an annual basis before the ,financial ,services ,committee of the ,house of ,representatives and the ,banking1 ,housing1 and ,urban ,affairs ,committee of the ,senate4 #a4 ,short title ,this ,act may be cited as the ,,cdfi ,fund ,transparency ,act4 #b4 ,requirement to testify annually ,section #ajd7;b7 of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid 7#ab ,u4,s4,c4 #dgjc7;b77 is amended by adding to the end the following3 7#e7 ,annual testimony ,the ,secretary of the ,treasury 7or a designee of the ,secretary7 shall1 at the discretion of the ,chair of the ,financial ,services ,committee of the ,house of ,representatives and the ,chair of the ,banking1 ,housing1 and ,urban ,affairs ,committee of the ,senate1 annually testify before such committees 7or a subcommittee of such committees7 regarding-- 7,a7 the operations of the ,fund during the previous year2 7,b7 steps the ,secretary and the ,fund are taking to support the work of community development financial institutions participating in the ,state ,small ,business ,credit ,initiative2 7,c7 steps the ,secretary and the ,fund are taking to support community development financial institutions1 including those that are minority depository institutions1 through the financial agent mentor-protg program2 7,d7 how community development financial institutions1 including minority depository institutions1 that received amounts provided in the ,coronavirus ,response and ,relief ,supplemental ,appropriations ,act1 #bjba have used and are using such amounts2 and 7,e7 any steps the ,secretary and the ,fund are taking to-- 7i7 support minority lending institutions1 including minority depository institutions1 through coordination with prudential regulators to promote and preserve minority depository institutions pursuant to section #cjh of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi2 7ii7 address technology challenges facing community development financial institutions1 including those that are minority depository institutions2 7iii7 incentivize community development financial institutions to provide start-up capital for young entrepreneurs2 7iv7 raise public awareness about community development financial institutions and minority depository institutions1 including providing a searchable map with institution locations2 7v7 coordinate with regulators to ensure certification and reporting requirements are appropriately streamlined for community development financial institutions2 and 7vi7 explore securitization options that might help expand the reach of community development financial institutions4 4 ,august #cj1 #bjbd,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed