On Friday March 14th, President Donald Trump signed an Executive Order (EO) that places limits on the Community Development Financial Institutions (CDFI) Fund. The EO limits the function and personnel of the CDFI Fund to the minimum statutory functions required by law. On March 17th, Treasury Secretary Scott Bessent released a statement to America's Credit Unions and others noting that the Trump Administration recognizes the importance of the CDFI Fund and that CDFIs are "a key component of President Trump's commitment to supporting Main Street America in the pursuit of job growth, wealth creation, and prosperity." The statement also noted that the Treasury Department "looks forward to future engagement with CDFIs and other stakeholders to strengthen the impact of these statutory programs and incentivize economic opportunities for all Americans."