Introduced in House — H.R. 7775

119th CONGRESS

2d Session

H. R. 7775

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.

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.