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ICBA and other groups asked the House and Senate Appropriations Committees and its Subcommittees on Financial Services and General Government to continue to provide support for FY 2025 funding for the Community Development Financial Institutions Fund.
The groups asked Congress to support annual appropriations for FY 2025 at not less than the $354 million previously approved by the Senate Appropriations Committee, including an allocation for the Bank Enterprise Award Program of not less than $40 million, noting that the programs promote job creation and economic vitality in neglected areas.