US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 4701

Findings and purposes

(a)

Findings

The Congress finds that—
(1)
many of the Nation’s urban, rural, and Native American communities face critical social and economic problems arising in part from the lack of economic growth, people living in poverty, and the lack of employment and other opportunities;
(2)
the restoration and maintenance of the economies of these communities will require coordinated development strategies, intensive supportive services, and increased access to equity investments and loans for development activities, including investment in businesses, housing, commercial real estate, human development, and other activities that promote the long-term economic and social viability of the community; and
(3)
community development financial institutions have proven their ability to identify and respond to community needs for equity investments, loans, and development services.
(b)

Purpose

The purpose of this subchapter is to create a Community Development Financial Institutions Fund to promote economic revitalization and community development through investment in and assistance to community development financial institutions, including enhancing the liquidity of community development financial institutions.

Pub. L. 103–325, title I, § 102108 Stat. 2163(, , .)

Editorial Notes

References in Text

Pub. L. 103–325108 Stat. 2163This subchapter, referred to in subsec. (b), was in original “this subtitle”, meaning subtitle A of title I of , , , which is classified principally to this subchapter. For complete classification of this subtitle to the Code, see Short Title note below and Tables.

Statutory Notes and Related Subsidiaries

Short Title

Pub. L. 103–325, § 1(a)108 Stat. 2160

“This Act [see Tables for classification] may be cited as the ‘Riegle Community Development and Regulatory Improvement Act of 1994’.”
, , , provided that:

Pub. L. 103–325, title I, § 101108 Stat. 2163

Pub. L. 103–325section 1772c–1 of this titlesection 5313 of Title 5section 11 of Pub. L. 95–452section 657 of Title 18section 9101 of Title 31section 11 of Pub. L. 95–452“This subtitle [subtitle A (§§ 101–121) of title I of , enacting this subchapter and , amending sections 1766 and 1834a of this title, , Government Organization and Employees, set out in the Appendix to Title 5, , Crimes and Criminal Procedure, and , Money and Finance, and enacting provisions set out as a note under set out in the Appendix to Title 5] may be cited as the ‘Community Development Banking and Financial Institutions Act of 1994’.”
, , , provided that: