News

With just a few days remaining before the new Fiscal Year (FY) begins on October 1, Congress is working to finalize their remaining FY 2019 spending bills and avoid a government shutdown.

On July 18, the House of Representatives voted in favor of three amendments aimed to increase the overall FY19 appropriation for the CDFI Fund to $223 million.

A voice vote was held, and all three amendments were accepted:

OFN joins the CDFI Coalition and the CDFI community to call on the House of Representative to restore funding for CDFI Fund programs. The House Appropriations Subcommittee on Financial Services and General Government (FSGG) passed its funding bill for Fiscal Year (FY) 2019, providing only $191...

On May 8, OFN’s Board of Directors met with senior officials from the Department of Treasury and staff from the Senate FSGG Appropriations subcommittee.

This month, the retirement of longtime Senator and Appropriations Committee Chairman Thad Cochran (R-MS) resulted in a shuffling of subcommittee leadership.