Scaling Community Lenders Act of 2023
Last action on Oct 14, 2025Placed on Senate Legislative Calendar under General Order...
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Bill text replaced
This bill's text was replaced via an amendment in the nature of a substitute. Some metadata (subjects, policy area, committees) may reflect the original bill and not the current text.
Summary
Scaling Community Lenders Act of 2023
This bill allows the Community Development Financial Institutions Fund to provide funds for guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization.
The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.
