On the recordNovember 8, 2023
Mr. Chair, Community Development Financial Institutions stimulate economic growth and create and sustain employment opportunities in rural and low-income areas, like a lot of America. The CDFI fund ensures CDFIs are able to provide these underserved communities access to capital by awarding certified CDFIs with tax credits and monetary support. I am proud that my own State greatly benefits from the CDFI fund and have seen the far-reaching impact it has had on the community. Defunding the program would only serve to harm the most vulnerable communities in America. So it is under that pretense, Mr. Chairman, that I oppose the amendment, and I reserve the balance of my time.
