S. 1880: CDFI Bond Guarantee Program Improvement Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-05-22 |
| Sponsor | Sen. Smith, Tina [D-MN] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 12 |
| Latest action | 2025-05-22 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-05-27 |
Summary
Official summary (Introduced in Senate, 2025-05-22):
CDFI Bond Guarantee Program Improvement Act of 2025
This bill reauthorizes the Community Development Financial Institutions (CDFI) Bond Guarantee Program for four years and revises it to allow for a greater number of participants.
CDFIs are financial institutions serving low-income communities. Designation as a CDFI allows an institution to participate in programs such as the CDFI Bond Guarantee Program. The program provides CDFIs with financing for community and economic development projects through federal credit subsidies that allow CDFIs to issue bonds.
The bill (1) reduces the program’s minimum loan amount from $100 million to $25 million, (2) eliminates the cap on the annual number of guarantees, and (3) revises the maximum amount that may be held in a CDFI's relending account for secondary loans.
Cosponsors (12)
| Name | Party / state |
|---|---|
| Mike Rounds | R SD (original cosponsor) 2025-05-22 |
| Cory A. Booker | D NJ (original cosponsor) 2025-05-22 |
| Steve Daines | R MT (original cosponsor) 2025-05-22 |
| Tim Sheehy | R MT (original cosponsor) 2025-05-22 |
| John W. Hickenlooper | D CO (original cosponsor) 2025-05-22 |
| Amy Klobuchar | D MN (original cosponsor) 2025-05-22 |
| Cindy Hyde-Smith | R MS (original cosponsor) 2025-05-22 |
| Ruben Gallego | D AZ (original cosponsor) 2025-05-22 |
| Cynthia M. Lummis | R WY (original cosponsor) 2025-05-22 |
| Lisa Blunt Rochester | D DE (original cosponsor) 2025-05-22 |
| Mike Crapo | R ID (original cosponsor) 2025-05-22 |
| Mark R. Warner | D VA 2025-09-11 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1880 are published by Congress on congress.gov.
View S. 1880 on congress.gov →
Frequently asked questions
What is S. 1880?
S. 1880 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: CDFI Bond Guarantee Program Improvement Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1880 are available on congress.gov.
Bill data: congress.gov API (official congressional records).