CDFI Funding Cut Approved by House Subcommittee

A House subcommittee approves measures to cut CDFI by 23% and makes the CFPB and NCUA subject to appropriations.

By David Baumann | June 29, 2017 at 12:27 PM

House appropriations subcommittee on Thursday approved a FY2017spending measure that cuts the Community Development Financial Institutionsprogram 23% and makes the CFPB and NCUA subject to theappropriations process.

The Financial Services Subcommittee approved the bill by voicevote, amid Democratic objections to myriad policy riders, includingmany that the House passed as part of the Financial CHOICE Act.

Subcommittee chairman Todd Graves (R-Ga.) said he was pleasedthat the bill included the financial riders.

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