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Appropriators Approve Boost in CDFI Funding

The bill also includes a provision that would delay the NCUA’s Risk-Based Capital rule for two years.

House appropriators late Wednesday approved a FY19 Financial Services spending bill that would provide $216 million to the Community Development Financial Institutions program—a $25 million boost from the amount they proposed earlier this month.

The Appropriations Committee approved the bill, 28-20, with Democrats opposing the measure over a variety of factors

The bill also includes a provision that would delay the NCUA’s Risk-Based Capital rule for two years.

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David Baumann

 

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