H.R. 2863 — Introduced in House

I 113th CONGRESS 1st Session H. R. 2863 IN THE HOUSE OF REPRESENTATIVES July 30, 2013 Mr. Payne (for himself, Mr. Cartwright, Ms. Velázquez, Mr. Sires, Mr. Scott of Virginia, Ms. Jackson Lee, Ms. Fudge, Mr. Rangel, and Ms. Kelly of Illinois) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Riegle Community Development and Regulatory Improvement Act of 1994 to provide assistance to small businesses providing low-income individuals with green jobs, and for other purposes. 1. Short title This Act may be cited as the Growing Responsible Energy Efficient Neighborhoods Jobs Act of 2013 or the GREEN Jobs Act of 2013 . 2. Small business green jobs initiative Section 108 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4707) is amended by adding at the end the following: (i) Small business green jobs initiative (1) Assistance Financial assistance and technical assistance made available under this subtitle may be used by community development financial institutions to develop or support small businesses that provide low-income individuals located in low-income communities with green jobs. (2) Limitation With respect to a particular fiscal year, the Fund may not provide more than— (A) $2,000,000 in financial assistance under this subsection; and (B) $100,000 in technical assistance under this subsection. (3) Definitions For purposes of this subsection: (A) Green jobs The term green jobs means jobs that— (i) aim to protect or restore ecosystems and biodiversity; (ii) reduce energy, materials, and water consumption through high efficiency strategies; (iii) reduce greenhouse gas emissions and other pollutants; (iv) minimize or altogether avoid generation of all forms of waste and pollution; or (v) increase the use of energy generation systems such as solar, fuel cells, natural gas, and micro turbines. (B) Low-income community The term low-income community means a contiguous area— (i) located within— (I) a single county with a population, as determined by the most recent census data available, of— (aa) at least 4,000, if any of the portion of the area is located within a Metropolitan Area with a population of 50,000; or (bb) a population of at least 1,000, in any other case; or (II) an Indian reservation; (ii) at least 30 percent of the population of which have incomes that are less than the poverty threshold, as published by the Bureau of the Census in the most recent decennial census for which data is available; and (iii) in which the unemployment rate is at least 1.5 times greater than the national average, as determined by the Bureau of Labor Statistics' most recent data. (C) Small business The term small business means a business that meets the criteria for a small business concern established by the Small Business Administration under section 3(a) of the Small Business Act (15 U.S.C. 632(a)). .