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Modifies section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) by altering subsection (c)(2) punctuation, replacing subsection (e)(2) with a new limitation on guarantee amounts (minimum guarantee $25,000,000 and an annual cap of $1,000,000,000), and striking and inserting text in subsection (k) replacing the date "September 30, 2014" with the phrase "Access to Fair Financing for Opportunity and Resilient Development Act".
Adds a new paragraph (5) requiring the Secretary of the Treasury (or designee) to annually testify before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services (or their subcommittees) regarding Fund operations for the prior fiscal year, at the discretion of the committees' chairmen.
Adds a new subsection (j) to section 502 of the Housing Act of 1949 establishing a Native CDFI relending program with definitions, a set-aside, application and lending requirements, reporting, grants for operational support, outreach and technical assistance authorizations, and administrative cost provisions.
Amends section 113 (12 U.S.C. 4712) to revise assistance authorities, selection criteria, eligibility and prioritization, alter the amount-of-assistance limit in subsection (c), and add a regulations provision allowing the Secretary to promulgate regulations to carry out the section.
Amends section 104A (12 U.S.C. 4703a) by replacing subsection (l) to require deposit of all funds received by the Secretary in connection with purchases into the Fund and specifying uses of those funds for financial assistance pursuant to section 113 and for financial and technical assistance pursuant to section 108 (waiving subsection (e) of section 108).
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced February 26, 2026 by Steve Daines · Last progress February 26, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate