Congress·In Committee·S. 2704

Community Development Fund: New Rules for Annual Reporting to Congress

CDFI Fund Transparency Act

Legislative Progress

Senate

House

President

Law

This bill requires the Treasury Department to report to Congress every year about the Community Development Financial Institutions Fund. A top official would have to testify in person to explain how the fund is operating and where the money is going.
This fund is a federal program that helps banks and credit unions provide loans to low-income areas and people who have trouble getting traditional bank accounts. This change is meant to make sure the program is actually helping the communities that need it most.
The bill was introduced by a bipartisan group of senators who want more transparency. This means they want to make it easier for the public and lawmakers to see if the government is spending this money wisely and effectively.

2 milestones2 actions

Sep 4, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sep 4, 2025

Introduced in Senate

1 bill

Access to Fair Financing for Opportunity and Resilient Development Act

Feb 26 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Document Type

Congressional Bill

Official Title

CDFI Fund Transparency Act

Bill NumberS 2704

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

(3)

D: 2R: 1

Congress.gov

Official legislative information

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