,,ii  #aai? ,,congress  #b;d ,session   
,s4 #cidj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bf1 #bjbf,mr4
 ,da9es 7= himself1 ,mr4 ,w>n]1 ,mr4    
,crapo1 ,ms4 ,smi?1 ,mr4 ,r\nds1 ,mr4   
,kim1 ,mr4 ,ris*1 ,mr4 ,s*um]1 ,mr4     
,ju/ice1 ,ms4 ,klobu*>1 ,mrs4 ,fis*]1   
,mr4 ,book]1 ,mr4 ,wick]1 ,mr4          
,hick5loop]1 ,mr4 ,%eehy1 ,mr4 ,van     
,holl51 ,mr4 ,sullivan1 ,mrs4 ,gillibr&1
 ,mrs4 ,hyde-,smi?1 ,mr4 ,coons1 ,mr4   
,pet]s1 ,mr4 ,b5net1 ,mrs4 ,britt1 ,mr4 
,wyd51 ,mr4 ,cassidy1 ,mr4 ,durb91 ,ms4 
,murk[ski1 ,mr4 ,cram]1 ,mr4 ,boozman1 &
 ,mr4 ,he9ri*7 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  
require ! ,secret>y ( ! ,treasury to    
te/ify be=e ,congress1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,access to ,fair ,f9anc+ =          
,opportunity & ,resili5t ,developm5t    

,act4  #b4 ,requirem5t to te/ify        
,section #ajd7;b7 ( ! ,community        
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgjc7;b77 is am5d$ by add+ to ! end ! 
foll[+3  7#e7 ,annual te/imony ,!       
,secret>y ( ! ,treasury 7or a designee (
 ! ,secret>y7 %all1 at ! discretion ( ! 
*airman ( ! ,committee on ,bank+1 ,h\s+1
 & ,urban ,affairs ( ! ,s5ate & *airman 
( ! ,committee on ,f9ancial ,s]vices ( !
 ,h\se ( ,repres5tatives1 annually      
te/ify be=e su* committees 7or a        
subcommittee ( su* committees7 reg>d+ ! 
op]ations ( ! ,fund dur+ ! previ\s      
fiscal ye>4  4  #c4 ,,cdfi bond gu>antee
 program improvem5t  7a7 ,s5se (        
,congress ,x is ! s5se ( ,congress t !  
au?ority to gu>antee bonds "u section   
#aad;,a ( ! ,community ,developm5t      
,bank+ & ,f9ancial ,in/itutions ,act (  
#aiid 7#ab ,u4,s4,c4 #dgac;a7 7commonly 
ref]r$ to z ! ,,cdfi ,bond ,gu>antee    
,program7 provides community developm5t 
f9ancial in/itutions ) a su/a9able s\rce

 ( long-t]m capital & fur!rs ! mission (
 ! ,community ,developm5t ,f9ancial     
,in/itutions ,fund 7e/abli%$ "u section 
#ajd7;a7 ( su* ,act 7#ab ,u4,s4,c4      
#dgjc7;a777 to increase economic        
opportunity & promote community         
developm5t inve/m5ts = und]s]v$         
populations & di/ress$ communities 9 !  
,unit$ ,/ates4  7b7 ,gu>antees = bonds &
 notes issu$ = community or economic    
developm5t purposes  7#a7 ,9 g5]al      
,section #aad;,a ( ! ,community         
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgac;a7 is am5d$-- 7,a7 9 subsection  
7c77#b7-- 7i7 by ins]t+ out/&+ be=e     
pr9cipal am\nt2 &  7ii7 by /rik+        
multipli$ by an am\nt equal to ! out/&+ 
pr9cipal balance ( issu$ notes or       
bonds12  7,b7 by am5d+ subsection       
7e77#b7 to read z foll[s3  7#b7         
,limitation on gu>antee am\nt ,!        
,secret>y may n gu>antee any am\nt "u ! 
program equal to less ?an #be1jjj1jjj1 b
 ! total ( all su* gu>antees 9 any      

fiscal ye> may n exce$ #a1jjj1jjj1jjj4  
2 &  7,c7 9 subsection 7k71 by /rik+    
,septemb] #cj1 #bjad & ins]t+ ! date t  
is ! lat] ( #d ye>s aft] ! date (       
enactm5t ( ! ,access to ,fair ,f9anc+ = 
,opportunity & ,resili5t ,developm5t    
,act or ,decemb] #ca1 #bjcj44  7#b7     
,cl]ical am5dm5t ,! table ( cont5ts 9   
section #a7;b7 ( ! ,riegle ,community   
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7,public ,law #ajc-cbe2    
#ajh ,/at4 #bafj7 is am5d$ by ins]t+    
aft] ! item relat+ to section #aad !    
foll[+3  ,sec4 #aad;,a4 ,gu>antees =    
bonds & notes issu$ = community or      
economic developm5t purposes4  4  7c7   
,report on ! ,,cdfi bond gu>antee       
program ,n lat] ?an #c ye>s aft] ! date 
( enactm5t ( ?is ,act1 ! ,secret>y ( !  
,treasury %all issue a report to !      
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate & ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives on ! effectiv5ess ( !   
,,cdfi bond gu>antee program e/abli%$ "u

 section #aad;,a ( ! ,community         
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgac;a74  #d4 ,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$-- 7#a7 by /rik+        
subsection 7a7 & ins]t+ ! foll[+3  7a7  
,assi/ance  7#a7 ,9 g5]al ,! ,fund may  
provide funds to organizations = !      
purpose (-- 7,a7 pur*as+ loans t are    
orig9at$ by community developm5t        
f9ancial in/itutions1 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>d ( funds "u ?is   
section1 ! ,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 /ructures or  
pur*as+ or p>ticipat+ 9 ! pur*ase (1    
assign+1 or o!rwise transf]r+1 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  4  7b7 ,em]g5cy
 ,capital ,inve/m5t ,funds ,section     

#ajd;,a ( ! ,community ,developm5t      
,bank+ & ,f9ancial ,in/itutions ,act (  
#aiid 7#ab ,u4,s4,c4 #dgjc;a7 is am5d$  
by /rik+ subsection 7l7 & ins]t+ !      
foll[+3  7l7 ,deposit ( funds ,all funds
 receiv$ by ! ,secret>y 9 connection )  
pur*ases made pursuant ?is section1     
includ+ int]e/ paym5ts1 divid5d paym5ts1
 & proce$s f ! sale ( any f9ancial      
in/rum5t1 %all be deposit$ into ! ,fund 
& us$-- 7#a7 to provide f9ancial        
assi/ance to organizations pursuant to  
section #aac2 &  7#b7 to provide        
f9ancial & te*nical assi/ance pursuant  
to section #ajh1 except t subsection 7e7
 ( t section %all be waiv$4  4  7c7     
,annual reports  7#a7 ,def9itions ,9 ?is
 subsection1 ! t]ms community developm5t
 f9ancial in/itution & ,fund h ! mean+s 
giv5 ! t]ms 9 section #ajc ( !          
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb74  7#b7 ,requirem5ts ,n
 lat] ?an #a ye> aft] ! date on :i*     
assi/ance is fir/ provid$ "u section    

#aac ( ! ,community ,developm5t ,bank+ &
 ,f9ancial ,in/itutions ,act ( #aiid    
7#ab ,u4,s4,c4 #dgab7 pursuant to !     
am5dm5ts made by subsection 7a7 ( ?is   
section1 & annually !reaft]1 ! ,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 #aac1 z
 am5d$ by subsection 7a7 ( ?is section1 
: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  
loans t support af=dable h\s+           
con/ruction2 &  7iii7 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  #e4 ,native      
,,cdfi rel5d+ program ,section #ejb ( ! 
,h\s+ ,act ( #aidi 7#db ,u4,s4,c4 #adgb7
 is am5d$ by add+ at ! end ! foll[+3    
7j7 ,set aside = native community       
developm5t f9ancial in/itutions  7#a7   
,def9itions ,9 ?is subsection-- 7,a7 !  
t]m ,alaska ,native has ! mean+ giv5 !  
t]m ,native 9 section #c7;b7 ( ! ,alaska
 ,native ,claims ,settlem5t ,act 7#dc   
,u4,s4,c4 #afjb7;b772  7,b7 ! t]m       
appropriate congressional committees    
means-- 7i7 ! ,committee on ,agriculture
 ( ! ,s5ate2  7ii7 ! ,committee on      
,indian ,affairs ( ! ,s5ate2  7iii7 !   
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate2  7iv7 ! ,committee 
on ,agriculture ( ! ,h\se (             
,repres5tatives2  7v7 ! ,committee on   
,natural ,res\rces ( ! ,h\se (          
,repres5tatives2 &  7vi7 ! ,committee on
 ,f9ancial ,s]vices ( ! ,h\se (         
,repres5tatives2  7,c7 ! t]m community  

developm5t f9ancial in/itution has !    
mean+ giv5 ! t]m 9 section #ajc ( !     
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb72  7,d7 ! t]m ,indian  
,tribe has ! mean+ giv5 ! t]m ,indian   
tribe 9 section #d ( ! ,native ,am]ican 
,h\s+ ,assi/ance & ,self-,det]m9ation   
,act ( #aiif 7#be ,u4,s4,c4 #dajc72     
7,e7 ! t]m ,native community developm5t 
f9ancial in/itution means an entity--   
7i7 t has be5 c]tifi$ z a community     
developm5t f9ancial in/itution by !     
,secret>y ( ! ,treasury2  7ii7 t is n   
less ?an #ea p]c5t own$ or controll$ by 
memb]s ( ,indian ,tribes1 ,alaska       
,native communities1 or ,native         
,hawaiian communities2 &  7iii7 = :i* n 
less ?an #ea p]c5t ( ! activities ( !   
entity s]ve ,indian ,tribes1 ,alaska    
,native communities1 or ,native         
,hawaiian communities2  7,f7 ! t]m      
,native ,hawaiian has ! mean+ giv5 ! t]m
 9 section #hja ( ! ,native ,am]ican    
,h\s+ ,assi/ance & ,self-,det]m9ation   

,act ( #aiif 7#be ,u4,s4,c4 #dbba72 &   
7,g7 ! t]m priority ,tribal l& means--  
7i7 any l& locat$ )9 ! b\nd>ies (-- 7,i7
 an ,indian res]vation1 pueblo1 or      
ran*]ia2 or  7,,ii7 a =m] res]vation )9 
,oklahoma2  7ii7 any l& n locat$ )9 !   
b\nd>ies ( an ,indian res]vation1       
pueblo1 or ran*]ia1 ! title to :i* is   
held-- 7,i7 9 tru/ by ! ,unit$ ,/ates = 
! b5efit ( an ,indian ,tribe or an      
individual ,indian2  7,,ii7 by an       
,indian ,tribe or an individual ,indian1
 subject to re/riction aga9/ ali5ation  
"u laws ( ! ,unit$ ,/ates2 or  7,,iii7  
by a dep5d5t ,indian community2  7iii7  
any l& locat$ )9 a region e/abli%$      
pursuant to section #g7;a7 ( ! ,alaska  
,native ,claims ,settlem5t ,act 7#dc    
,u4,s4,c4 #afjf7;a772  7iv7 ,hawaiian   
,home ,l&s1 z def9$ 9 section #hja ( !  
,native ,am]ican ,h\s+ ,assi/ance &     
,self-,det]m9ation ,act ( #aiif 7#be    
,u4,s4,c4 #dbba72 or  7v7 ^? areas or   
communities designat$ by ! ,assi/ant    
,secret>y ( ,indian ,affairs ( !        

,dep>tm5t ( ! ,int]ior t are ne>1       
adjac5t1 or contigu\s to res]vations :]e
 f9ancial assi/ance & social s]vice     
programs are provid$ to ,indians because
 ( _! /atus z ,indians4  7#b7 ,purpose  
,! purpose ( ?is subsection is to-- 7,a7
 increase home[n]%ip opportunities =    
,indian ,tribes1 ,alaska ,native        
,communities1 & ,native ,hawaiian       
communities 9 rural areas2 &  7,b7      
provide capital to ,native community    
developm5t f9ancial in/itutions to      
increase ! numb] ( mortgage transactions
 c>ri$ out by ^? in/itutions4  7#c7 ,set
 aside = ,native ,c,d,f,is ,( am\nts    
appropriat$ to make direct loans "u ?is 
section = ea* fiscal ye>1 ! ,secret>y   
may use n m ?an #ej1jjj1jjj to make     
direct loans to ,native community       
developm5t f9ancial in/itutions 9       
accordance ) ?is subsection4  7#d7      
,application requirem5ts ,a ,native     
community developm5t f9ancial in/itution
 desir+ a loan "u ?is subsection %all   
demon/rate t ! in/itution-- 7,a7 c      

provide ! non-,f$]al co/ %>e requir$ "u 
p>agraph 7#f72 &  7,b7 is able to       
orig9ate & s]vice loans = s+le family   
homes4  7#e7 ,l5d+ requirem5ts ,a       
,native community developm5t f9ancial   
in/itution t receives a loan pursuant to
 ?is subsection %all-- 7,a7 use ^?      
am\nts to make loans to borr[]s-- 7i7 :o
 o!rwise meet ! requirem5ts = a loan "u 
?is section2 &  7ii7 :o-- 7,i7 are      
memb]s ( an ,indian ,tribe1 an ,alaska  
,native community1 or a ,native         
,hawaiian community2 or  7,,ii7 ma9ta9 a
 h\sehold 9 :i* n less ?an #a memb] is a
 memb] ( an ,indian ,tribe1 an ,alaska  
,native community1 or a ,native         
,hawaiian community2 &  7,b7 9 mak+     
loans "u subp>agraph 7,a71 give priority
 to borr[]s describ$ 9 t subp>agraph :o 
are resid+ on priority ,tribal l&4  7#f7
 ,non-,f$]al co/ %>e  7,a7 ,9 g5]al ,a  
,native community developm5t f9ancial   
in/itution t receives a loan "u ?is     
section %all be requir$ to mat* n less  
?an #bj p]c5t ( ! am\nt receiv$4  7,b7  

,waiv] ,9 ! case ( a loan = :i* am\nts  
are us$ to make loans to borr[]s        
describ$ 9 p>agraph 7#e77;,b71 !        
,secret>y %all waive ! non-,f$]al co/   
%>e requirem5t describ$ 9 subp>agraph   
7,a7 ) respect to ^? loan am\nts4  7#g7 
,report+  7,a7 ,annual report by ,native
 ,c,d,f,is ,ea* ,native community       
developm5t f9ancial in/itution t        
receives a loan pursuant to ?is         
subsection %all submit an annual report 
to ! ,secret>y on ! l5d+ activities ( ! 
in/itution us+ ! loan am\nts1 :i* %all  
include-- 7i7 a description ( ! outrea* 
ef=ts ( ! in/itution 9 local communities
 to id5tify eligible borr[]s2  7ii7 a   
description ( h[ ! in/itution lev]ag$   
additional capital to rea* prospective  
borr[]s2  7iii7 ! numb] ( loan          
applications receiv$1 approv$1 &        
deploy$2  7iv7 ! av]age loan am\nt2  7v7
 ! numb] ( f9aliz$ loans t 7 made on    
,tribal tru/ l&s & n on ,tribal tru/    
l&s2 &  7vi7 ! numb] ( f9aliz$ loans t 7
 made on priority ,tribal l& & n        

priority ,tribal l&4  7,b7 ,annual      
report to ,congress ,n lat] ?an #a ye>  
aft] ! date ( enactm5t ( ?is subsection1
 & e ye> !reaft]1 ! ,secret>y %all      
submit to ! appropriate congressional   
communities a report t includes-- 7i7 a 
li/ ( loans made to ,native community   
developm5t f9ancial in/itutions pursuant
 to ?is subsection1 includ+ ! "n ( !    
in/itution & ! loan am\nt2  7ii7 !      
p]c5tage ( loans made "u ?is section to 
memb]s ( ,indian ,tribes1 ,alaska       
,native communities1 & ,native ,hawaiian
 communities1 respectively1 includ+ a   
breakd[n ( loans made to h\seholds      
resid+ on & n on ,tribal tru/ l&s2 &    
7iii7 ! av]age loan am\nt made by       
,native community developm5t f9ancial   
in/itutions pursuant to ?is subsection4 
7,c7 ,evaluation ( program ,n lat] ?an  
#c ye>s aft] ! date ( enactm5t ( ?is    
subsection1 ! ,secret>y & ! ,secret>y ( 
! ,treasury %all conduct an evaluation (
 & submit to ! appropriate congressional
 committees a report on ! program "u ?is

 subsection1 :i* %all-- 7i7 evaluate !  
effectiv5ess ( ! program1 includ+ an    
evaluation ( ! dem& = loans "u !        
program2 &  7ii7 include recomm5dations 
relat+ to ! program1 includ+ :e!r-- 7,i7
 ! program %\ld be exp&$ to su* t all   
community developm5t f9ancial           
in/itutions may make loans "u ! program 
to ! borr[]s describ$ 9 p>agraph 7#e72 &
  7,,ii7 ! set aside am\nt p>agraph 7#c7
 %\ld be modifi$ 9 ord] to mat* dem& "u 
! program4  7#h7 ,grants = op]ational   
support  7,a7 ,9 g5]al ,! ,secret>y %all
 make grants to ,native community       
developm5t f9ancial in/itutions t       
receive a loan "u ?is section to provide
 op]ational support & o!r relat$ s]vices
 to ^? in/itutions1 subject to-- 7i7 !  
satisfactory p]=mance1 z det]m9$ by !   
,secret>y1 ( a ,native community        
developm5t f9ancial in/itution 9 c>ry+  
out ?is section2 &  7ii7 ! availability 
( fund+4  7,b7 ,am\nt ,a ,native        
community developm5t f9ancial in/itution
 t receives a loan "u ?is section %all  

be eligible to receive a grant describ$ 
9 subp>agraph 7,a7 9 an am\nt equal to  
#bj p]c5t ( ! direct loan am\nt receiv$ 
by ! ,native community developm5t       
f9ancial in/itution "u ! program "u ?is 
section z ( ! date on :i* ! direct loan 
is aw>d$4  7#i7 ,outrea* & te*nical     
assi/ance ,!re is au?oriz$ to be        
appropriat$ to ! ,secret>y #a1jjj1jjj = 
ea* ( fiscal ye>s #bjbe1 #bjbf1 &       
#bjbg-- 7,a7 to provide te*nical        
assi/ance to ,native community          
developm5t f9ancial in/itutions-- 7i7   
relat+ to home[n]%ip & o!r h\s+-relat$  
assi/ance provid$ by ! ,secret>y2 &     
7ii7 to assi/ ^? in/itutions to p]=m    
outrea* to eligible homebuy]s relat+ to 
! loan program "u ?is section2 or  7,b7 
to provide fund+ to a national          
organization repres5t+ ,native ,am]ican 
h\s+ int]e/s to p]=m outrea* & provide  
te*nical assi/ance z describ$ 9 clauses 
7i7 & 7ii71 respectively1 ( subp>agraph 
7,a74  7#aj7 ,adm9i/rative co/s ,9      
addition to o!r available funds1 !      

,secret>y may use n m ?an #c p]c5t ( !  
am\nts made available to c>ry out ?is   
subsection = adm9i/ration ( ! programs  
e/abli%$ "u ?is subsection4  4