This Act may be cited as the CDFI Fund Transparency Act.

Section 104(b) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703(b)U.S. Code — Title 12, Section 4703(b)View official source on GovInfo) is amended by adding to the end the following: (5) Annual testimony The Secretary of the Treasury (or a designee of the Secretary) shall, at the discretion of the chairman of the Committee on Banking, Housing, and Urban Affairs of the Senate and chairman of the Committee on Financial Services of the House of Representatives, annually testify before such committees (or a subcommittee of such committees) regarding the operations of the Fund during the previous fiscal year..