{"database": "press", "table": "releases", "rows": [["https://www.daines.senate.gov/2025/09/05/daines-warner-crapo-warnock-introduce-bill-to-increase-economic-prosperity-strengthen-cdfi-fund/", "Daines, Warner, Crapo, Warnock Introduce Bill to Increase Economic Prosperity, Strengthen CDFI Fund", "2025-09-05", "2025", "2025-09", "Republican", "Senate", "MT", "Steve Daines", "D000618", "www.daines.senate.gov", "daines", "https://www.daines.senate.gov/news/press-releases/", "scraper", "U.S. SENATE \u2013 U.S. Senators Steve Daines (R-Mont.), Mark Warner (D-Va.), Mike Crapo (R-Idaho), and Raphael Warnock (D-Ga.) today introduced the bipartisan \u201cCDFI Fund Transparency Act.\u201d The bill will ensure operations surrounding the CDFI fund are more transparent.\n\n\u201cCDFIs play a critical role in helping hardworking families in Montana, especially those in rural or underserved communities, gain access to the opportunities they need for financial success. I\u2019m proud to join my colleagues in introducing this bipartisan amendment that will help boost economic development and ensure transparency surrounding the operations of the CDFI fund,\u201d said Daines.\n\n\u201cSince its inception over three decades ago, the CDFI Fund has played a crucial role in fostering economic growth in low-income and rural communities across Virginia. By requiring greater oversight over the program, this bipartisan bill will boost accountability and transparency, allowing the Fund to better serve communities,\u201dsaid Warner.\n\n\u201cCDFIs play an important role in Idaho and nationwide. Transparency around the CDFI Fund will enhance public trust in these vital institutions and ensure they are available to fuel economic growth for years to come,\u201dsaid Crapo.\n\n\u201cI\u2019ve worked hard in the Senate to serve American consumers, especially those from low-income, underserved, and rural communities, and the institutions that serve them, like CDFIs. Putting people at the center of good public policy translates to economic opportunities in our state and transparency is critical to ensure the CDFI fund program is working as intended. I\u2019m proud to work across the aisle on this bipartisan effort,\u201d said Warnock.\n\nRead the bill text HERE.\n\nStatement of Support:\n\n\u201cTransparency builds trust among decision makers and the public. The Community Development Financial Institutions (CDFI) Fund plays a critical role in strengthening vulnerable Americans, low-income and underserved communities\u2014it must remain focused on its mission. To ensure that accountability and trust remain strong, we thank Senator Daines for introducing the CDFI Fund Transparency Act. The provisions within this bill are essential to ensuring the CDFI Fund continues its impact for millions of Americans in need, and we urge Congress to advance and pass this legislation.\u201d \u2013 Jim Nussle, President/CEO of America\u2019s Credit Unions\n\nBackground:\n\nCommunity Development Financial Institutions (CDFIs) play a critical role in bringing capital and financial services to a wide range of small businesses, homeowners and housing developers. The \u201cCDFI Fund Transparency Act\u201d would require the Secretary of the Treasury to testify annually before the Senate Banking and House Financial Services Committees regarding the operations of the CDFI Fund during the previous fiscal year.\n\nDaines is a member of the bipartisan Senate CDFI Caucus and has strongly supported efforts to strengthen CDFI programs. In August 2025 Daines joined his colleagues in sending a letter to the Office of Management and Budget (OMB) urging the disbursement of $324 million in congressionally-appropriated funding from the CDFI Fund.\n\nDaines also co-sponsored an additional amendment in the NDAA that would expand codified language impacting CDFIs and extend the CDFI Bond Guarantee Program for four years and lower the bond amount from $100 million to $25 million.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:10:29Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.daines.senate.gov/2025/09/05/daines-warner-crapo-warnock-introduce-bill-to-increase-economic-prosperity-strengthen-cdfi-fund/"], "units": {}, "query_ms": 0.9304708801209927, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}