House Republicans proposed nearly $277 million in federal funds for a Treasury Department office meant to support community lenders, setting up another fight with the Trump administration over its proposed cuts to a program with bipartisan support.
The allocation for the Community Development Financial Institutions Fund in the fiscal 2027 financial services spending bill released Thursday by the House Appropriations Committee is around $47 million less than the current funding level.
But House GOP appropriators largely rejected the Trump administration’s proposal to cut the CDFI Fund, which offers direct financial and technical support to small banks, credit unions, and loan ...
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