Massachusetts · 194th Legislature (2025-2026) · Bill
H 1348: An Act to establish the Massachusetts loan loss guarantee program for community development financial institutions
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
H 1348 is a bill introduced in the Massachusetts House on February 27, 2025. According to its official title, it concerns: An Act to establish the Massachusetts loan loss guarantee program for community development financial institutions. Primary sponsor: Bud Williams (Democratic). It lists 2 additional sponsors. Most recent recorded action (March 12, 2026): Accompanied a study order, see H5213.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
By Representative Williams of Springfield, a petition (accompanied by bill, House, No. 1348) of Bud L. Williams and Jacob R. Oliveira for legislation to establish a loan loss guarantee program within the Massachusetts Development Finance Agency for certain community development financial institutions and other nonprofit and non-traditional lenders. Financial Services.
Sponsors
Sponsors by party (alphabetical): Democratic 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bud Williams | Primary sponsor | Democratic | House | 11th Hampden |
| Jamie Eldridge | Co-sponsor | Democratic | Senate | Middlesex and Worcester |
| Jake Oliveira | Co-sponsor | Democratic | Senate | Hampden, Hampshire and Worcester |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Accompanied a study order, see H5213
- Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time
- Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time
- Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time
- Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing location changed
- Hearing rescheduled to 11/18/2025 from 10:30 AM-01:00 PM in A-2 and Virtual Hearing updated to include Virtual
- Hearing scheduled for 11/18/2025 from 10:30 AM-01:00 PM in A-2
- Senate concurred
- Referred to the committee on Financial Services