H.R. 7775

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7775 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7775 To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2026 Mr. Rose (for himself and Mrs. Kim) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 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: ``(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.''. <all>