Despite a challenging outlook for the FY 2020 budget and appropriations process, the 116th Congress brings opportunity to introduce CDFIs to newly elected Members of Congress and new leadership on key committees. In both the House and Senate, new leadership and members resulted in changes in the composition of committees of jurisdiction over issues impacting the CDFI industry, in particular CDFI Fund appropriations and the New Markets Tax Credit program.
June has been a busy month on Capitol Hill as both the House and Senate Appropriations Committees approved their respective FY 2019 funding levels for the CDFI Fund.
On Friday, October 20 the Enterprise Center in Philadelphia hosted a hearing titled "Small Business Capital Access: Supporting Community and Economic Development." The hearing was held before two representatives