H.R. 7775

Summary

H.R. 7775, the CDFI Fund Transparency Act, was introduced in the House on Mar 3, 2026 by Rep. John Rose (R) with 1 co-sponsor. It was referred to Financial Services, and last saw action on Mar 3, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 7775 has 1 co-sponsor.

119 HR 7775 IH: CDFI Fund Transparency Act
 U.S. House of Representatives
 2026-03-03
 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.
 I  119th CONGRESS  2d Session  H. R. 7775  IN THE HOUSE OF REPRESENTATIVES   March 3, 2026   Mr. Rose  (for himself and  Mrs. Kim ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund.
1.
Short title
This Act may be cited as the   CDFI Fund Transparency Act  .
2.
CDFI Fund Transparency
Section 104(b) of the Riegle Community Development and Regulatory Improvement 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 Chair of the Committee on Financial Services of the House of Representatives and the Chair of the Committee on Banking, Housing, and Urban Affairs of the Senate, annually testify before such committees (or a subcommittee of such committees) regarding the operations of the Fund during the previous year.
 .

Tracker

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

To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund.

Sponsors

Rep. John Rose (R) sponsors H.R. 7775, and 1 member has co-sponsored it from the day it was introduced.

John Rose

Rep. · R–TN-6 · Sponsor

Introduced Mar 3, 2026

Young Kim

Rep. · R–CA-40 · Co-sponsor

Joined Mar 3, 2026 · Original

Show 2 of 2 rows

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Committees

H.R. 7775 went before 1 committee: Financial Services.

Financial Services

Financial Services

Referred To · Mar 3, 2026 · 559 Bills

Actions

H.R. 7775 has taken 2 actions since Mar 3, 2026.

Votes

H.R. 7775 has not gone to a roll call.

Titles

H.R. 7775 goes by 3 titles, 1 of them short titles.

• CDFI Fund Transparency Act — Display Title
• CDFI Fund Transparency Act — Short Title(s) as Introduced
• To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require annual testimony to Congress on the operations of the Community Development Financial Institutions Fund. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7775 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7775’s is Finance and Financial Sector.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7775, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 40 (Tuesday, March 3, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROSE:H.R. 7775.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2370]

Source: congress.gov · legiscan.com