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This bill amends the Community Development Banking and Financial Institutions Act of 1994 to reauthorize and improve the CDFI Bond Guarantee Program, which provides federal guarantees for bonds issued by community development financial institutions. The bill modifies the calculation of guarantee amounts, sets a minimum guarantee of $25 million per bond with an annual cap of $1 billion, and extends the program's authorization by four years from the date of enactment. The bill also requires the Treasury Secretary to report on the program's effectiveness within one and three years of enactment.
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