As ordered reported by the House Committee on Financial Services on May 16, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
0
0
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
0
0
Spending Subject to Appropriation (Outlays)
*
*
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
No
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
* = between zero and $500,000.
Summary
H.R. 3161 would require the Secretary of the Treasury, or designee, to testify annually before the Congress about the Community Development Financial Institutions Fund, including its operations in the previous year and steps the department and fund are taking to support financial institutions that aid community development.
Because the Secretary of the Treasury regularly testifies before the Congress, CBO estimates that implementing H.R. 3161 would not have a significant cost. Any related spending would be subject to the availability of appropriated funds.
