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S 3940 · 119th CongressIntroduced

Support for community development lenders

Banking & Financial
The vote
Worked the bill
$573M
24 groups · their total 2025 lobbying
In the distance
Summary

What the bill does

This bill makes several changes to laws that support community development financial institutions (CDFIs). It requires the Treasury Secretary to testify annually before Congress about the CDFI Fund. It also expands a program that guarantees bonds for CDFIs and allows the Fund to buy loans from them to improve their cash flow. Additionally, it sets aside money for Native CDFIs that serve tribal communities.

Why it matters

The stakes

CDFIs lend to people and businesses in low-income and rural areas that often can't get loans from big banks. This bill could make more money available for affordable housing, small businesses, and community projects in those areas.

The debate

What each side says

Supporters
  • The bill strengthens CDFIs by giving them more tools to raise capital and manage their cash, which helps them lend more to underserved communities.bill
  • Requiring the Treasury Secretary to testify annually increases accountability and oversight of the CDFI Fund.bill
  • The set-aside for Native CDFIs ensures that tribal communities get dedicated support for economic development.bill
Critics
  • The bill increases federal spending and guarantees, which could add to the national debt if the programs lose money.report
  • Expanding the CDFI bond guarantee program might crowd out private investment in community development.report

Each point links to its source. The views are attributed to those sources, not stated as ours.

Follow the money

From this bill outward

The bill

where every tie is measured from
S 3940Support for community development lendersBanking & Financial

Who paid lobbyists to work it

Direct tie24 groups · their total 2025 lobbying
GroupIssues2025 lobbying
(all issues)
Has PAC?
STATE OF LOC NATION GLOBAL PUBLIC BENEFIT CORPORATIONAdvocacyOtherBanking$80MNo PAC
CHAMBER OF COMMERCE OF THE U.S.A.EnergyBankingForeign$70MNo PAC
NATIONAL ASSOCIATION OF REALTORSReal EstateBankingInsurance$54MNAORPAC
BUSINESS ROUNDTABLE INCEnergyBankingHealth$34MNo PAC
META PLATFORMS, INC. AND VARIOUS SUBSIDIARIESTechSports & MediaBanking$26MNo PAC
AMERICAN HOSPITAL ASSOCIATIONHealthOtherForeign$25MAHAP
AMERICAN MEDICAL ASSOCIATIONHealthForeignOther$23MNo PAC
AARPBankingHealthTech$21MNo PAC

Election money, in the distance

Background · not tied to this billBanking & Financial PACs -> the members who voted

The background money view appears when a bill has a recorded vote and matching sector PAC data.

Lobbying filings, contributions, and votes are public records shown side by side. The further down the chain, the further the money is from this bill. This page does not assert that money caused any vote.