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H. Rept. 118-644 1 (2024-08-30)

handle is hein.congrecreports/crptxaglx0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 118TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 118-644 CDFI FUND TRANSPARENCY ACT AUGUST 30, 2024.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. McHENRY, from the Committee on Financial Services, submitted the following REPORT [To accompany H.R. 3161] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 3161) to amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require the Director of the Community Development Financial Institutions Fund to testify on an annual basis before the Financial Services Committee of the House of Representatives and the Banking, Housing, and Urban Affairs Committee of the Senate, having considered the same, re- ports favorably thereon with an amendment and recommends that the bill as amended do pass. CONTENTS Page Purpose and Sum m ary ........................................................................................... . 2 Background and Need for Legislation .................................................................... 2 R elated H earing ...................................................................................................... . 3 Com m ittee Consideration ........................................................................................ 3 C om m ittee V otes ..................................................................................................... 3 Com m ittee Oversight Findings ............................................................................... 3 Perform ance Goals and Objectives ......................................................................... 3 Congressional Budget Office Estimates ................................................................. 3 New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 4 Federal M andates Statem ent ................................................................................. 4 Advisory Com m ittee Statem ent .............................................................................. 4 Applicability to Legislative Branch ........................................................................ 5 Earm ark Identification ............................................................................................ 5 Duplication of Federal Program s ............................................................................ 5 Section-By-Section Analysis of the Legislation ..................................................... 5 Changes in Existing Law Made by the Bill, as Reported ................. 5 The amendment is as follows: Strike all after the enacting clause and insert the following: 49-006