Senators Chris Coons and Bill Cassidy Introduce Bipartisan Legislation Supporting CDFIs

On March 27, Senators Chris Coons (D-Del.) and Bill Cassidy (R-La.) introduced bipartisan legislation to strengthen and expand the direct services of certified nonprofit Community Development Financial Institutions (CDFIs) and connect national service participants with meaningful economic opportunity service.

The Economic Mobility Corps Act would instruct the Corporation for National and Community Service (CNCS), the agency that carries out national service programs such as AmeriCorps, and the Department of the Treasury to establish a competitive grant program to place national service members at certified nonprofit CDFIs.

Learn more about the Economic Mobility Corps Act here.