CDFI Fund Secured in Senate GOP Appropriations and Supreme Court Cases Ahead

CDFIs Protected in Appropriations Text

Senate Republicans have shown strong support for the CDFI Fund by allocating $324 million in the Senate Republicans’ appropriations text, despite previous attempts by the White House to zero out the fund.

Current state of funds: The White House has called the CDFI Fund “woke” and that it aims “to advance a partisan agenda.” Currently, the Office of Management and Budget is withholding $289.1 million of last year’s appropriated CDFI Fund budget. This funding is set to expire on September 30, 2026.

Continued support: Republican lawmakers have now repeatedly shown they are comfortable speaking out to defend the CDFI Fund. In October, over 100 Republican lawmakers published a letter calling on the Treasury Department's decision to fire all CDFI Fund employees. This show of support helped pass a Congressional bill to reverse the firings during the government shutdown.

What We are Watching This Week

Supreme Court: Today, arguments will be held for the Slaughter v. Trump case to decide whether former Federal Trade Commissioner Rebecca Slaughter can be fired by the president. The decision will determine a 90-year-old Supreme Court precedent.

Why this matters: Independent regulatory agencies, like the SEC, have historically been insulated from partisan interference. A decision against Slaughter would impact this and future administrations.

Executive order?: Rumors swirled late last week that a White House Executive Order was going to be released. The subject is unknown but thought to be aimed at proxy advisory firms or proxy voting by large asset managers. The week passed with no order but are watching for it this week.

Trends Launch: Join US SIF for the launch of the US Sustainable Investing Trends 2025/2026 Report on Tuesday, December 9, 2025 at 11am. Register here.