To amend the Community Development Banking and Financial Institutions Act of 1994 to include in technical assistance provided by the Community Development Financial Institutions Fund resources for non-English speaking individuals, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Community Development Banking and Financial Institutions Act of 1994 to include in technical assistance provided by the Community Development Financial Institutions Fund resources for non-English speaking individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H751DE3B28E124144AEEEBB3116A62A4C: 1. Short title This Act may be cited as the Community Finance Language Inclusion Act of 2024.
- Section H99C9D51BBE6B4E3496EE5C377E3F191C: 2. Inclusion of resources for non-English speaking individuals in technical assistance provided by the Community Development Financial Institutions Fund...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Community Development Banking and Financial Institutions Act of 1994 to include in technical assistance provided by the Community Development Financial Institutions Fund resources for non-English speaking individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing
Primary Purpose
This bill, To amend the Community Development Banking and Financial Institutions Act of 1994 to include in technical assistance provided by the Community Development Financial Institutions Fund resources for non-English speaking individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMs. Butler introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
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