1. Short title This Act may be cited as the Rural Credit Access Act of 2024 . 2. Sense of Congress It is the sense of Congress that— (1) community development financial institutions are financial institutions that seek to expand economic opportunity in underserved rural investment areas and low-income communities by providing access to financial products and services for local residents and businesses that otherwise may not be accessible; (2) certification as a community development financial institution allows an institution to engage several programs outside of the Community Development Financial Institutions Fund to further support the communities they serve; (3) the Department of the Treasury must continue to support community development financial institutions by standing up an ombudsman office and creating an orderly and transparent process for decertification so as to not cause unintentional harm to the communities they serve; and (4) the establishment of such an office and process should only serve to provide certainty and clarity for community development financial institutions, not to reduce available funds for the substantive work of such institutions, and as such, appropriate support for the Fund to accomplish this goal must be made available. 3. Establishment of an Office of the Community Development Advocate the Community Development Financial Institutions Fund (a) Ombudsman for the Community Development Financial Institutions Fund Section 104 of the Riegle Community Development and Regulatory Improvement Act of 1994 ( 12 U.S.C. 4703 ) is amended by adding at the end the following new subsection: (l) Office of the Community Development Advocate (1) Designation The Administrator shall establish in the Fund an Office of the Community Development Advocate (in this subsection referred to as the Office ). (2) Community Development Advocate (A) In general The head of the Office shall be the Community Development Advocate who shall— (i) report directly to the Administrator