Access to Fair Financing for Opportunity and Resilient Development Act

S.3940 was introduced on February 26, 2026, and referred to the Senate Banking Committee. The bill text amends Section 104(b) of the Community Development Banking and Financial Institutions Act of 1994 to require the Treasury Secretary (or designee) to annually testify before Congress regarding CDFI Fund operations—but only at the discretion of committee chairs. Section 3 adds a non-binding sense of Congress supporting the existing CDFI Bond Guarantee Program, with technical amendments to bond guarantee language. No new funding is authorized; the bill is procedural. With 34 cosponsors including Banking Committee leadership on both sides, the bill has bipartisan support but remains in early legislative stages. Related bills S.2704 and S.2718 address similar CDFI transparency and liquidity themes but also lack appropriations. No public companies are directly impacted because the bill does not create or alter any spending, tax credit, or regulatory burden. The CDFI Bond Guarantee Program already exists with its own appropriation process; this bill merely expresses congressional support without changing program economics.