Senate Republican appropriators are recommending that the CFPB be placed under the annual appropriations process and that the Community Development Financial Institutions Program continue in FY2018, despite Trump Administration opposition.
The CDFI program would receive $248 million, the same amount it received in FY2017, under the Financial Services appropriations measure released by Senate GOP appropriators Monday.
The measure does not include massive changes to the Dodd-Frank Act, as the House version of the bill does. However, it requires the Office of Management and Budget to conduct a study on the cost of Dodd-Frank.
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