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S. 2704

U.S. Senate•In Senate Committee

Summary

S. 2704, the CDFI Fund Transparency Act, was introduced in the Senate on Sep 4, 2025 by Sen. Steve Daines (R) with 3 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Sep 4, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 2704 has 3 co-sponsors.

sb2704/introduced-in-senate.txt
119 S2704 IS: CDFI Fund Transparency Act
 U.S. Senate
 2025-09-04
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2704  IN THE SENATE OF THE UNITED STATES   September 4, 2025   Mr. Daines  (for himself,  Mr. Warner ,  Mr. Crapo , and  Mr. Warnock ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To amend the Community Development Banking and Financial Institutions Act of 1994 to increase transparency and accountability regarding the operations of the Community Development Financial Institutions Fund.
1.
Short title
This Act may be cited as the   CDFI Fund Transparency Act  .
2.
Requirement to testify
Section 104(b) of the Community Development Banking and Financial Institutions 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 chairman of the Committee on Banking, Housing, and Urban Affairs of the Senate and chairman of the Committee on Financial Services of the House of Representatives, annually testify before such committees (or a subcommittee of such committees) regarding the operations of the Fund during the previous fiscal year.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-09-04
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to increase transparency and accountability regarding the operations of the Community Development Financial Institutions Fund.

Sponsors

Sen. Steve Daines (R) sponsors S. 2704, and 3 members have co-sponsored it, all of them from the day it was introduced.

Committees

S. 2704 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Sep 4, 2025 · 465 Bills

Actions

S. 2704 has taken 2 actions since Sep 4, 2025.

ChamberAction
Sep 4, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Sep 4, 2025
—
Introduced in Senate

Votes

S. 2704 has not gone to a roll call.

1 bill is related to S. 2704.

Titles

S. 2704 goes by 3 titles, 1 of them short titles.

  • CDFI Fund Transparency Act — Display Title
  • CDFI Fund Transparency Act — Short Title(s) as Introduced
  • A bill to amend the Community Development Banking and Financial Institutions Act of 1994 to increase transparency and accountability regarding the operations of the Community Development Financial Institutions Fund. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 39 registered lobbyists who named S. 2704 in 10 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Taxation/Internal Revenue Code, Agriculture, Housing, Budget/Appropriations, Small Business, Financial Institutions/Investments/Securities.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA—District of Columbia15—
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONS—District of Columbia14—
PARTNERSHIP FOR JOB CREATIONAdvocating for New Markets Tax Credit permanencyDistrict of Columbia11$90K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
INDEPENDENT COMMUNITY BANKERS OF AMERICA15—
CREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS14—
AKIN GUMP STRAUSS HAUER & FELD11$90K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 39.

LobbyistFirmsClientsFilings
AMBER MILENKEVICH115
JAMES KELLER115
JENNA BURKE115
LILLIANE THOMAS115
MARK SCANLAN115
MICHAEL EMANCIPATOR115
MICHAEL MARSHALL115
PAUL MERSKI115
REBECA ROMERO RAINEY115
STEPHEN KEEN115
SUSAN KINNEY115
TIMOTHY ROY115
WALTER HAYNIE115
ANDREW MORRIS114
BRADFORD THALER114
CLARK DERRINGTON114
GORDON HOLZBERG114
GREGORY MESACK114
JAMES AKIN114
LUKE MARTONE114

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 second_quarter$2.2M2nd Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2026 second_quarter$1.3M2nd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 fourth_quarter$1.3M4th Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2026 first_quarter$1.1M1st Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2025 third_quarter$1.1M3rd Quarter - Report
CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA'S CREDIT UNIONSCREDIT UNION NATIONAL ASSOCIATION. INC. DBA AMERICA'S CREDIT UNIONS2025 fourth_quarter$1.1M4th Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2026 first_quarter$890K1st Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
INDEPENDENT COMMUNITY BANKERS OF AMERICAINDEPENDENT COMMUNITY BANKERS OF AMERICA2025 third_quarter$866.8K3rd Quarter - Report
PARTNERSHIP FOR JOB CREATIONAKIN GUMP STRAUSS HAUER & FELD2025 fourth_quarter$90K4th Quarter - Report

Classification

The Congressional Research Service files S. 2704 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2704’s is Finance and Financial Sector.

s2704/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com