H.R. 7775

CDFI Fund Transparency Act

Sponsor: John W. Rose

1 cosponsor
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Sec. 1. Short title

This Act may be cited as the CDFI Fund Transparency Act.

Sec. 2. CDFI Fund Transparency

Section 104(b) of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4703(b)) is amended by adding to the end the following:

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(5) Annual testimony. The Secretary of the Treasury (or a designee of the Secretary) shall, at the discretion of the Chair of the Committee on Financial Services of the House of Representatives and the Chair of the Committee on Banking, Housing, and Urban Affairs of the Senate, annually testify before such committees (or a subcommittee of such committees) regarding the operations of the Fund during the previous year.