H.R. 7775

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7775 Introduced in House (IH)]

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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.

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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

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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.''.
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