Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Several Republicans who ultimately voted yes on their party’s signature reconciliation bill were quick to turn around and criticize it.

GOP braces for CDFI Fund demise

The Trump administration's effort to abolish a key agency for community development financial institutions has triggered real bipartisan pushback from senior lawmakers on Capitol Hill.

But for several Republicans who count themselves among the CDFI industry’s top backers in the Senate, the reaction sounds more like a funeral dirge than a rallying cry.

“These are some of the things I think that were promised by Mr. Vought of OMB,” Sen. Lisa Murkowski (R-Alaska) said. “He’s delivering on them in a pretty hard way.”

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets