3.0.0 6017 2023-01-11T13:33:49Z 2023-01-11T13:33:49Z House HR 2016-09-13 114 [Congressional Record Volume 162, Number 138 (Tuesday, September 13, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RICHMOND:H.R. 6017.Congress has the power to enact this legislation pursuantto the following:This bill is introduced pursuant to the powers granted toCongress under the General Welfare Clause (Art. 1 Sec. 8 Cl.1), the Commerce Clause (Art. 1 Sec. 8 Cl. 3), and theNecessary and Proper Clause (Art. 1 Sec. 8 Cl. 18).Further, this statement of constitutional authority is madefor the sole purpose of compliance with clause 7 of Rule XIIof the Rules of the House of Representatives and shall haveno bearing on judicial review of the accompanying bill.[Page H5436]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw12 Highways and Transit Subcommittee Referred to 2016-09-14T14:33:40Z Referred to 2016-09-13T14:01:00Z hswm00 Ways and Means Committee House Standing Referred to 2016-09-13T14:01:05Z hsba00 Financial Services Committee House Standing Referred to 2016-09-13T14:00:52Z 2016-09-14 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2016-09-13 Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Ways and Means, 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 2016-09-13 Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Ways and Means, 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 hspw00 Transportation and Infrastructure Committee 2016-09-13 Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Ways and Means, 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-A 9 Library of Congress 2016-09-13 Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, and Ways and Means, 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 2016-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-09-13 Introduced in House IntroReferral 1000 9 Library of Congress R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 N M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2016-09-13 True L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2016-09-13 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2016-09-13 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2016-09-13 True H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2016-09-13 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2016-09-13 True R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2016-09-13 True C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2016-09-13 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2016-09-14 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2016-09-21 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2016-09-22 False Finance and Financial Sector Finance and Financial Sector 00 2016-09-13 Introduced in House 2016-11-30T15:09:37Z Race to the Job Initiative Act

This bill requires the Department of the Treasury to establish and administer a grant program to provide anchor institution (i.e., a hospital, college, research center, or nonprofit institution) grants and infrastructure grants to eligible low-income communities for community development.

Treasury shall select: (1) within the first year after enactment of this bill, 30 of such low-income communities to receive these grants; and (2) within the second year, an additional 20 of these communities.

Treasury must award a capital assistance grant to each community development financial institution specified in the grantee's application to make loans to, and invest in, businesses, organizations, or public-private partnerships located in the eligible low-income community.

The bill amends the Internal Revenue Code to allow a new markets tax credit for investment in a partner community development financial institution without regard to allocation limitations on such credit.

The bill amends the Community Development Banking and Financial Institutions Act of 1994 to limit to $20 million (in the aggregate, during a three-year period) an award from the Community Development Financial Institutions (CDFI) Fund to a community development financial institution and its subsidiaries and affiliates receiving a capital assistance grant under this bill.

CDFI funds are limited annually for these entities to: (1) $10 million for financial assistance, and (2) $500,000 for technical assistance.

]]> Race to the Job Initiative Act Display Title Race to the Job Initiative Act Short Titles as Introduced Race to the Job Initiative Act Official Title as Introduced To establish a grant program to provide grants to eligible low-income communities for community development, and for other purposes. Introduced in House 2016-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr6017ih/xml/BILLS-114hr6017ih.xml 2016-09-14 Referred to the Subcommittee on Highways and Transit. 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.