Members of Congress Champion CDFIs as COVID Relief Talks Stall
OFN is very disappointed that COVID relief negotiations between Congressional leaders and the Trump Administration have broken down, especially as the health…
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Tag: Congress
House Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021
On July 8, the House Appropriations Financial Services and General Government (FSGG) Subcommittee approved its FY 2021 appropriations bill which includes $273.5 million for the…
CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders
Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of…
PPP Reports Released, New Court Ruling on Borrower Eligibility
Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the…
OFN Testifies at House Small Business Committee Virtual Forum
On May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the…
House Endorses $1 Billion for CDFI Fund Grants; 37 Senators Also Signal Support
Updated May 15, 2020 On May 15, the House of Representatives passed the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act…
Senate Appropriations Committee Approves $251 Million for CDFI Fund in FY 2020
With just over a week until the end of fiscal year (FY) 2019, Congress has yet to finalize any of its spending bills to fund the federal government…
OFN Members Testify before Congress in Support of Financial Inclusion
Last week, several OFN members testified in Houston, Texas, before the House Financial Services Subcommittee on Oversight and Investigations on the topic of…
OFN Testifies at Treasury Hearing on Opportunity Zone Regulations
The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone…