3.0.0 3129 2023-01-11T13:37:42Z 2023-01-11T13:37:42Z House HR 2017-06-29 115 [Congressional Record Volume 163, Number 112 (Thursday, June 29, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HECK:H.R. 3129.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause I[Page H5378]]]> hsba00 Financial Services Committee House Standing Referred to 2017-06-29T14:05:40Z hswm00 Ways and Means Committee House Standing Referred to 2017-06-29T14:05:35Z 2017-06-29 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 2017-06-29 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 2017-06-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-06-29 Introduced in House IntroReferral 1000 9 Library of Congress H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 N N000184 Rep. Noem, Kristi L. [R-SD-At Large] Kristi Noem R SD L. 0 2017-06-29 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2017-06-29 True Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2017-06-29 True K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2017-06-29 True H001056 Rep. Herrera Beutler, Jaime [R-WA-3] Jaime Herrera Beutler R WA 3 2017-06-29 True D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2017-06-29 True T000474 Rep. Torres, Norma J. [D-CA-35] Norma Torres D CA J. 35 2017-06-29 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2017-06-29 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2017-07-20 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2017-07-20 False N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2017-07-20 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2017-07-27 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2017-07-27 False S001148 Rep. Simpson, Michael K. [R-ID-2] MICHAEL SIMPSON R ID K. 2 2017-07-27 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2017-10-26 False Taxation Housing and community development funding Housing supply and affordability Income tax credits Indian social and development programs Low- and moderate-income housing Public-private cooperation Taxation 00 2017-06-29 Introduced in House 2017-07-14T19:31:09Z Aiding Development of Vital Assets in Native Communities and Environments Act of 2017 or the ADVANCE Act

This bill amends the Riegle Community Development and Regulatory Improvement Act of 1994 to require the Community Development Financial Institutions (CDFI) Fund to provide outreach and training with respect to the New Markets Tax Credit (NMTC) in low-income communities with a disproportionately low amount of low-income community investments by community development entities.

(The NMTC is a non-refundable tax credit intended to encourage private capital investment in low-income communities. NMTCs are allocated by the CDFI Fund, a bureau of the Department of the Treasury, using a competitive application process.)

The CFDI Fund must also: (1) include in the application for the NMTC questions to determine and consider, as an innovative use or a comparable incentive in evaluating applications, the extent to which the applicant intends to make low-income community investments within Indian country; and (2) to the maximum extent practicable, ensure that at least one community development entity whose primary mission is to fund projects within or that directly benefit Indian country receives an allocation for each allocation round.

]]> ADVANCE Act Display Title ADVANCE Act Official Title as Introduced To direct the Community Development Financial Institutions Fund to perform an outreach program for the new markets tax credit to underserved communities, and for other purposes. Introduced in House IH Short Titles as Introduced ADVANCE Act Short Titles as Introduced Aiding Development of Vital Assets in Native Communities and Environments Act of 2017 Introduced in House 2017-06-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3129ih/xml/BILLS-115hr3129ih.xml 2017-06-29 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.