Michael Beall, ICUDE’s Post

For all CDFIs, Treasury Secretary Bessent provided a comment on what is next. Treasury seems ready to respond. Please continue to make calls to your members of Congress and plan to call the White House comment line when it opens today at 11am EST! “This Administration recognizes the important role that the CDFI Fund and CDFIs play in expanding access to capital and providing technical assistance to communities across the United States,” Bessent stated in his response to DCUC. “CDFIs are a key component of President Trump's commitment to supporting Main Street America in the pursuit of job growth, wealth creation, and prosperity. As required by President Trump's March 14, 2025, executive order, the Treasury Department will provide a response to the Director of the OMB on this matter and looks forward to future engagement with CDFIs and other stakeholders to strengthen the impact of these statutory programs and incentivize economic opportunities for all Americans." #cdfi #creditunions