I 
109TH CONGRESS 
1ST SESSION H. R. 4020 
To authorize the Community Development Financial Institutions Fund to 
conduct a special round of funding in fiscal year 2006 for assistance 
in areas affected by Hurricane Katrina, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 7, 2005 
Mr. FRANK of Massachusetts (for himself, Mr. SANDERS, Mr. JEFFERSON, 
and Mr. MELANCON) introduced the following bill; which was referred to 
the Committee on Financial Services 
A BILL 
To authorize the Community Development Financial Institu-
tions Fund to conduct a special round of funding in 
fiscal year 2006 for assistance in areas affected by Hur-
ricane Katrina, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Implementing Katrina 
Disaster Relief Through the CDFI Fund Act’’. 
SEC. 2. AUTHORIZATION OF APPROPRIATIONS. 
In addition to amounts appropriated to the Commu-
nity Development Financial Institutions Fund (hereafter
in this Act referred to as the ‘‘Fund’’) for fiscal year 2006 
to carry out the purposes of the Community Development 
Banking and Financial Institutions Act of 1994, there are 
authorized to be appropriated to the Fund (which may be 
derived by transfer from funds appropriated for ‘‘Disaster 
Relief’’ in Public Law 109–62), such sums as may be nec-
essary for fiscal year 2006 to carry out such Act for the 
purposes of, and in the manner provided in, this Act. 
SEC. 3. ASSISTANCE PROVIDED BY THE FUND FOR HURRI-
CANE KATRINA ASSISTANCE. 
(a) IN GENERAL.—Amounts appropriated pursuant 
to the authorization under section 2 shall be available to 
the Fund under the Community Development Banking 
and Financial Institutions Act of 1994 for the purposes 
of such Act, including technical and training assistance, 
awards under the Bank Enterprise Act of 1991, equity 
investments, deposits, and other forms of financial assist-
ance to community development financial institutions, in 
accordance with subsection (b). 
(b) ADJUSTMENTS TO CRITERIA.—In providing as-
sistance under subsection (a), the Community Develop-
ment Banking and Financial Institutions Act of 1994 
shall be applied with the following adjustments: 
(1) DESIGNATION OF ASSISTED AREAS.—Not-
withstanding section 107(b) of the Community De-
velopment Banking and Financial Institutions Act of 
1994, the Fund shall limit the selection of commu-
nity development financial institution applicants for 
assistance pursuant to this section to any financial 
institution that— 
(A) is located in a Hurricane Katrina af-
fected area; or 
(B) demonstrates to the satisfaction of the 
Fund that the financial institution has the abil-
ity to provide capital, credit or financial services 
within the Hurricane Katrina affected area. 
(2) WAIVER OF MATCHING REQUIREMENTS.—In 
the case of an applicant with severe constraints on 
available sources of matching funds, the Fund may 
reduce or waive the matching requirements of sec-
tion 108(e)(1) of the Community Development 
Banking and Financial Institutions Act of 1994 for 
such applicant for purposes of this section. 
(3) WAIVER
OF
LIMITATIONS
ON
CERTAIN 
FORMS OF ASSISTANCE.—The limitation contained in 
section 113(c) of the Community Development 
Banking and Financial Institutions Act of 1994 
shall not apply to assistance provided under this sec-
tion in accordance with section 113 of such Act.
(4) APPLICATION OF BANK ENTERPRISE ACT OF 
1991.—In making assistance under this section avail-
able in the manner provided in section 114 of the 
Community Development Banking and Financial In-
stitutions Act of 1994, the Bank Enterprise Act of 
1991 shall be applied under section 114(a)(2)— 
(A) by substituting ‘‘Hurricane Katrina af-
fected area’’, as defined in subsection (c), for 
‘‘qualified distressed community’’; and 
(B) with respect to life line accounts, by 
taking into account only life line accounts of-
fered in an Hurricane Katrina affected area. 
(c) HURRICANE KATRINA AFFECTED AREA DE-
FINED.—For purposes of this section, the term ‘‘Hurri-
cane Katrina affected area’’ means any county (as defined 
in section 2 of title 1, United States Code) that— 
(1) is within an area in which the President, 
pursuant to section 401 of the Robert T. Stafford 
Disaster Relief and Emergency Assistance Act, has 
determined, on or after August 28, 2005, that a 
major disaster exists due to Hurricane Katrina; and 
(2) has been designated by the Federal Emer-
gency Management Agency as an area in which pub-
lic assistance or individual assistance is available as 
a result of Hurricane Katrina. 
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