Senate Appropriations Financial Services Subcommittee Approves FY 2015 Markup

Financial Services and General Government Subcommittee
Tuesday, June 24, 2014

The Senate Appropriations Subcommittee on Financial Services and General Government has approved its fiscal year 2015 appropriations bill. The bill would set aside $230 million for the CDFI Fund, a substantial increase from the President’s proposed funding level of $224.9 million and in-line with the House Financial Service Subcommittee’s proposed funding level. Also included was a $1 billion authorization for the CDFI Bond Program and $18 million for the Bank Enterprise Award Program. The two subcommittee bills will now be taken up in full House and Senate appropriations committees.