CDFI Fund Transparency Act

H.R. 3161, the CDFI Fund Transparency Act, requires the Director of the Community Development Financial Institutions (CDFI) Fund to provide annual testimony before Congress regarding the fund's operations and activities. The CDFI Fund is a federal program within the Department of the Treasury that provides credit, capital, and financial services to underserved populations and distressed communities. By mandating these yearly reports, the bill aims to increase public oversight and ensure that federal resources intended for local economic development are being managed effectively and reaching the communities that need them most.