Section 1. Short title
This Act may be cited as the CDFI Bond Guarantee Program Improvement Act of 2022.
Section 2. Guarantees for bonds and notes issued for community or economic development purposes
Section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a) is amended—
(1) in subsection (c)(2), by striking, multiplied by an amount equal to the outstanding principal balance of issued notes or bonds;
(2) in subsection (e)(2)(B), by striking $100,000,000 and inserting $25,000,000; and
(3) by striking subsection (k).