Lawmakers press Bessent on CDFI cuts

Lawmakers press Bessent on CDFI cuts

“If CDFIs follow their statutory obligations and do not digress into more ideological boundaries ... they can be important institutions,” the Treasury secretary told legislators Wednesday.

OFN Advocates to Preserve the CDFI Fund Following Expected Cuts In the President’s Budget Proposal

The budget proposal would significantly reduce funding for the CDFI Fund and eliminate many key programs. We must urge Congress to support level funding for the CDFI Fund in FY 2026 appropriations.Read time: 3 minutesOn May 2, the Trump Administration released its fiscal year (FY) 2026 “skinny budget” request which proposed significantly reduced funding for the CDFI Fund, among cuts across the federal government. OFN’s full statement on the budg…

Nussle urges Congress, Treasury to fund CDFI program

Letter to the House Appropriations Subcommittee ahead of a hearing with the Treasury Secretary asked for continued funding for CDRLF and commitment to an independent NCUA.