3.0.0 4885 2023-01-11T13:26:15Z 2023-01-11T13:26:15Z House H HR 2014-06-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. YOUNG of Indiana:H.R. 4885.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution, to ``provide for the common Defence and generalWelfare of the United States.''[Page H5494]]]> hsba00 Financial Services Committee House Standing Referred to 2014-06-18T14:01:05Z hswm00 Ways and Means Committee House Standing Referred to 2014-06-18T14:01:00Z Pay for Performance Act 113 2691 S 2014-07-30 Read twice and referred to the Committee on Finance. Related bill CRS 2014-06-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-06-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-06-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-06-18 Introduced in House IntroReferral 1000 9 Library of Congress Y000064 Rep. Young, Todd [R-IN-9] Todd Young R IN C. 9 N D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2014-06-18 True G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2014-06-18 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2014-06-18 True R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2014-06-18 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2014-06-18 True R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2014-06-18 True K000379 Rep. Kennedy, Joseph P., III [D-MA-4] Joseph Kennedy D MA P. 4 2014-06-18 True S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2014-06-18 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2014-06-19 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2014-07-08 False B001287 Rep. Bera, Ami [D-CA-7] Ami Bera D CA 7 2014-07-11 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2014-07-11 False R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2014-07-16 False K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 2014-07-17 False M001142 Rep. Matheson, Jim [D-UT-4] JIM MATHESON D UT 4 2014-07-24 False P000265 Rep. Petri, Thomas E. [R-WI-6] TOM PETRI R WI 6 2014-07-24 False R000587 Rep. Ribble, Reid J. [R-WI-8] Reid Ribble R WI J. 8 2014-07-29 False T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2014-07-29 False N000181 Rep. Nunes, Devin [R-CA-22] Devin Nunes R CA 22 2014-07-29 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2014-07-31 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2014-08-01 False C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2014-08-01 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2014-09-08 False R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2014-09-08 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2014-09-10 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2014-09-11 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2014-11-13 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2014-12-02 False Social Welfare Academic performance and assessments Adoption and foster care Advisory bodies Banking and financial institutions regulation Cardiovascular and respiratory health Child care and development Crime prevention Digestive and metabolic diseases Disability and paralysis Domestic violence and child abuse Elementary and secondary education Employment and training programs Executive agency funding and structure Government information and archives Government studies and investigations Health promotion and preventive care Intergovernmental relations Performance measurement Poverty and welfare assistance Public contracts and procurement Public-private cooperation Securities Sex and reproductive health State and local government operations Teenage pregnancy Unemployment Wages and earnings Youth employment and child labor Social Welfare 00 2014-06-18 Introduced in House 2014-09-09T14:29:02Z Social Impact Bond Act - Amends title XX (Block Grants to States for Social Services and Elder Justice) of the Social Security Act to add a new part C (Social Impact Bonds).

Requires the Secretary of the Treasury to seek proposals from states or local governments for social impact bond projects which produce measurable, clearly defined outcomes that result in social benefit, such as employment for the unemployed, high school graduation, and reduction of teen and unplanned pregnancies as well as incidences of child abuse and neglect. Requires applications to include a feasibility study, funded under this Act, which contains specified information.

Requires the Secretary to decide whether to enter into such a contract within six months after receiving an application.

Makes appropriations for 10 years to carry out this Act.

Requires independent evaluation of a state or local government social impact bond project.

Establishes the Federal Interagency Council on Social Impact Bonds.

Amends the Community Reinvestment Act of 1977 to require the appropriate federal financial supervisory agency to consider, in assessing and taking into account the record of a financial institution in meeting the credit needs of its entire community, its investments in social impact bond projects.

]]> Social Impact Bond Act Display Title Social Impact Bond Act Official Title as Introduced To encourage and support partnerships between the public and private sectors to improve our nation's social programs, and for other purposes. Introduced in House IH Short Titles as Introduced Social Impact Bond Act Introduced in House 2014-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4885ih/xml/BILLS-113hr4885ih.xml 2014-06-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.