The recently released Recission Package by the Trump Administration would claw back federal funds previously approved by Congress that promote private investment in low-income communities. The package freezes the release of over $15 billion in funding already appropriated in the FY2017 budget, including $22.8 million in funding for the U.S. Treasury's Bank Enterprise Award (BEA) Program and $151.3 million for the Capital Magnet Fund (CMF). “The elimination of the BEA Awards would curtail these initiatives, and have a detrimental effect on the economic stability of the regions they serve,” said Jeannine Jacokes, CEO of the Community Development Bankers Association.