To establish an Office of Community Financial Institutions within the Small Business Administration that will strengthen the ability of Community Financial Institutions to support the development of small business concerns in underserved communities, and for other purposes.
Sponsors
Legislative Progress
ReportedReported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Reported by Mr. Cardin, with an amendment
Summary
What This Bill Does
Establishes Office of Community Financial Institutions within SBA to enhance performance of CDFIs and support small business capital access.
Who Benefits and How
Community financial institutions gain dedicated SBA support. Small businesses in underserved areas gain capital access. CDFIs receive coordination and technical assistance.
Who Bears the Burden and How
SBA establishes new office. Director must be appointed within 180 days.
Key Provisions
- Creates Office of Community Financial Institutions
- Director reports to Associate Administrator of Capital Access
- Focuses on CDFI performance and small business lending
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Creates Office of Community Financial Institutions within SBA to support CDFIs and community lenders
Policy Domains
Legislative Strategy
"Strengthen SBA support for community lenders"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator"
- → SBA Administrator
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology