Combating Trafficking in Transportation Act

Senate Bill

S. 1442

119th Congress

Combating Trafficking in Transportation Act

Placed on Senate Legislative Calendar under General Orders. Calendar No. 184.

Introduced:Oct 16, 2025

Primary Sponsor

Mark Warner

D - VA

Cosponsors

5

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Scaling Community Lenders Act of 2023 aims to provide more financial support for community development financial institutions (CDFIs) - nonprofit organizations that offer loans and other financial services in underserved communities. The bill would allow the government to guarantee loans, cover loan losses, and offer other types of credit assistance to these CDFIs, helping them increase the amount of money they can lend out.

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

AI Summary

Plain-English explanation of this bill

The Scaling Community Lenders Act of 2023 aims to provide more financial support for community development financial institutions (CDFIs) - nonprofit organizations that offer loans and other financial services in underserved communities. The bill would allow the government to guarantee loans, cover loan losses, and offer other types of credit assistance to these CDFIs, helping them increase the amount of money they can lend out.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Scaling Community Lenders Act of 2023 This bill allows the Community Development Financial Institutions Fund to provide funds for guarantees, loan loss reserves, or other forms of credit to promote liquidity for Community Development Financial Institutions. The bill also removes matching requirements, establishes eligibility requirements and projects prioritization, and increases the cap on the allowed assistance available to an organization. The bill also allows the Emergency Capital Investment Fund to provide assistance for these purposes.

Key Points

Main provisions of the bill

Allows the Community Development Financial Institutions Fund to provide funds for loan guarantees, loan loss reserves, and other credit assistance to CDFIs.
Removes matching requirements for CDFIs to receive government assistance.
Establishes eligibility requirements and prioritization for the assistance.
Increases the cap on the amount of assistance available to an individual CDFI organization.
Also allows the Emergency Capital Investment Fund to provide similar assistance.

How This Impacts Americans

Potential effects on citizens and communities

This bill would benefit community development financial institutions (CDFIs) that provide loans and financial services in low-income and underserved areas. By increasing the resources available to CDFIs, the bill could enable them to lend more money to small businesses, homebuyers, and other individuals in these communities who may have difficulty accessing loans from traditional banks.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Community Development Financial Institutions Fund

Community life and organization

Congressional oversight

Government information and archives

Government lending and loan guarantees

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

1442, 119th Congress (2025). "Combating Trafficking in Transportation Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-1442