,,ii #aacth ,,congress #b;d ,session ,s4 #bfia ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #cj1 #bjad ,mr4 ,bennet 7for himself and ,mr4 ,hatch7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to encourage and support partnerships between the public and private sectors to improve our nation's social programs1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,pay for ,performance ,act4 #b4 ,social ,impact ,pay for ,performance ,contracts ,title ,,xx of the ,social ,security ,act 7#db ,u4,s4,c4 #acig7 is amended-- 7#a7 in the title heading1 by striking to ,states and inserting and ,projects2 and 7#b7 by adding at the end the following3 ,c ,social ,impact ,pay for ,performance ,contracts #bjea4 ,purposes ,the purposes of this subtitle are the following3 7#a7 ,to improve the lives of families and individuals in need in the ,united ,states by funding social programs that achieve real results4 7#b7 ,to redirect funds away from programs that1 based on objective data1 are ineffective1 and into programs that achieve demonstrable1 measurable results4 7#c7 ,to ensure ,federal funds are used effectively on social services to produce positive outcomes for both service recipients and taxpayers4 7#d7 ,to establish the use of social impact pay for performance contracts to address some of our ,nation's most pressing problems4 7#e7 ,to facilitate the creation of public-private partnerships that bundle philanthropic and other private resources with existing public spending to scale up effective social interventions already being implemented by private organizations1 non-profits1 charitable organizations1 and local governments across the country4 7#f7 ,to bring pay-for-performance to the social services sector1 allowing the ,united ,states to improve the impact and effectiveness of vital social services programs while redirecting inefficient or duplicative spending4 #bjeb4 ,social impact pay for performance contract application 7a7 ,notice ,not later than #a year after the date of the enactment of this subtitle1 the ,secretary of the ,treasury 7referred to in this subtitle as the ,secretary71 in consultation with the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts 7established by section #bjef71 shall publish in the ,federal ,register a request for proposals from ,states or local governments for social impact pay for performance contract projects in accordance with this section4 7b7 ,required outcomes for social impact pay for performance contract project ,to qualify as a social impact pay for performance contract project under this subtitle1 a project must produce a measurable1 clearly defined outcome that results in social benefit and ,federal savings through any of the following3 7#a7 ,increasing work and earnings by individuals who have been unemployed in the ,united ,states for more than #f consecutive months4 7#b7 ,increasing employment and earnings of individuals age #af to #bd4 7#c7 ,increasing employment among individuals receiving ,federal disability benefits4 7#d7 ,reducing the dependence of low-income families on ,federal means-tested benefits4 7#e7 ,improving rates of high school graduation4 7#f7 ,reducing teen and unplanned pregnancies4 7#g7 ,improving birth outcomes among low-income families and individuals4 7#h7 ,reducing rates of asthma1 diabetes1 or other preventable diseases among low-income families and individuals4 7#i7 ,increasing the proportion of children living in #b-parent families4 7#aj7 ,reducing incidences of child abuse and neglect4 7#aa7 ,reducing the number of youth in foster care who are emancipated from care by increasing adoptions1 permanent guardianship arrangements1 reunification1 or placement with a fit and willing relative for children and youth in foster care4 7#ab7 ,reducing the number of children and youth in foster care residing in group homes1 child care institutions1 agency-operated foster homes1 or other non-family foster homes1 unless it is determined that it is in the interest of the child's long-term health1 safety1 or psychological well-being to not be placed in a family foster home4 7#ac7 ,reducing recidivism among individuals released from prison4 7#ad7 ,other measurable outcomes defined by the ,state or local government that result in positive social outcomes and ,federal savings4 7c7 ,feasibility study required ,the notice described in subsection 7a7 shall require a ,state or local government to submit a feasibility study for the social impact pay for performance contract project that contains the following information3 7#a7 ,the outcome goals of the project4 7#b7 ,a description of each intervention in the project and anticipated outcome of such intervention4 7#c7 ,rigorous evidence demonstrating that the intervention can be expected to produce the desired outcomes4 7#d7 ,the target population that will be served by the project4 7#e7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#f7 ,projected ,federal1 ,state1 and local government costs and other costs to conduct the project4 7#g7 ,projected ,federal1 ,state1 and local government savings and other savings1 including an estimate prepared by the ,state or local government of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 if the project is implemented and the outcomes are achieved4 7#h7 ,if savings resulting from the successful completion of the project are estimated to accrue to the ,state or local government1 the likelihood of the ,state or local government to realize those savings4 7#i7 ,a plan for delivering the intervention through a social impact pay for performance contract model4 7#aj7 ,a description of the expertise of each service provider that will administer the intervention4 7#aa7 ,an explanation of the experience of the ,state or local government1 the intermediary1 or the service provider in raising private and philanthropic capital to fund social service investments4 7#ab7 ,the detailed roles and responsibilities of each entity involved in the project1 including any ,state or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7#ac7 ,a summary of the experience of the service provider delivering the proposed intervention or a similar intervention1 or a summary demonstrating that the service provider has the expertise necessary to deliver the proposed intervention4 7#ad7 ,a summary of the unmet need in the area where the intervention will be delivered or among the target population who will receive the intervention4 7#ae7 ,the payment terms1 the methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7#af7 ,the project budget4 7#ag7 ,the project timeline4 7#ah7 ,the criteria used to determine the eligibility of an individual for the project1 including how selected populations will be identified1 how they will be referred to the project1 and how they will be enrolled in the project4 7#ai7 ,the evaluation design4 7#bj7 ,the metrics that will be used to determine whether the outcomes have been achieved and how such metrics will be measured4 7#ba7 ,a summary explaining the independence of the evaluator from the other entities involved in the project and the evaluator's experience in conducting rigorous evaluations of program effectiveness including1 where available1 well-implemented randomized controlled trials on the intervention or similar interventions4 7#bb7 ,the capacity of the service provider to deliver the intervention to the number of participants the ,state or local government proposes to serve in the project4 7d7 ,project intermediary information required ,the feasibility study described in subsection 7c7 shall also contain the following information about the intermediary for the social impact pay for performance contract project 7whether the intermediary is the service provider or other entity73 7#a7 ,experience and capacity for providing or facilitating the provision of the type of intervention proposed4 7#b7 ,the mission and goals4 7#c7 ,information on whether the intermediary is already working with service providers that provide this intervention or an explanation of the capacity of the intermediary to begin working with service providers to provide the intervention4 7#d7 ,experience working in a collaborative environment across government and nongovernmental entities4 7#e7 ,previous experience collaborating with public or private entities to implement evidence-based programs4 7#f7 ,ability to raise or provide funding to cover operating costs 7if applicable to the project74 7#g7 ,capacity and infrastructure to track outcomes and measure results1 including-- 7,a7 capacity to track and analyze program performance2 and 7,b7 experience with performance-based contracting and achieving project milestones and targets4 7#h7 ,role in delivering the intervention4 7#i7 ,how the intermediary would monitor program success1 including a description of the interim benchmarks and outcome measures4 #bjec4 ,awarding contracts for social impact pay for performance contract projects 7a7 ,timeline in awarding contract ,not later than #f months after receiving an application in accordance with section #bjeb1 the ,secretary shall determine whether to enter into a contract for a social impact pay for performance contract project with the ,state or local government that submitted such application4 7b7 ,considerations in ,awarding ,contract ,in determining whether to enter into a contract for a social impact pay for performance contract project with a ,state or local government1 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 shall consider each of the following3 7#a7 ,the value to the ,federal ,government of the outcome expected to be achieved if the outcomes specified in the contract are achieved4 7#b7 ,the ability of the ,state or local government1 in collaboration with the intermediary and the service providers1 to achieve the outcomes4 7#c7 ,the savings to the ,federal ,government if the outcomes specified in contract are achieved4 7#d7 ,the savings to the ,state and local governments if the outcomes specific in the contract are achieved4 7#e7 ,the expected quality of the evaluation that would be conducted with respect to the contract4 7c7 ,contract ,authority 7#a7 ,contract requirements ,in accordance with this section1 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 may enter into a contract for a social impact pay for performance contract project with a ,state or local government if the ,secretary determines that each of the following requirements are met3 7,a7 ,the ,state or local government agrees to achieve an outcome specified in the contract in order to receive payment4 7,b7 ,the ,federal payment to the ,state or local government for each outcome specified does not exceed the monetary value of the outcome to the ,federal ,government over a period not to exceed #aj years1 as determined by the ,secretary1 in consultation with the ,state or local government4 7,c7 ,the duration of the project does not exceed #aj years4 7,d7 ,the ,state or local government has demonstrated1 through the application submitted under section #bjeb1 that1 based on prior rigorous experimental evaluations or rigorous quasi-experimental studies1 the intervention can be expected to achieve each outcome specified in the contract4 7,e7 ,the ,state1 local government1 intermediary1 or service provider has experience raising private or philanthropic capital to fund social service investments 7if applicable to the project74 7,f7 ,the ,state or local government has shown that each service provider has experience delivering the intervention1 a similar intervention1 or has otherwise demonstrated the expertise necessary to deliver the intervention4 7#b7 ,payment ,the ,secretary shall pay the ,state or local government only if the independent evaluator described in section #bjee determines that the social impact pay for performance contract project has met the requirements specified in the contract and achieved an outcome specified in the contract4 7#c7 ,limitation ,the ,secretary shall not enter into a contract for a social impact pay for performance contract project under paragraph 7#a7 after the date that is #aj years after the date of the enactment of this subtitle and shall not obligate any funds made available under section #bjeg7;a7 after such date4 7d7 ,notice of contract award ,not later than #cj days after entering into a contract under this section1 the ,secretary shall publish a notice in the ,federal ,register that includes1 with regard to such contract1 the following3 7#a7 ,the outcome goals of the social impact pay for performance contract project4 7#b7 ,a description of each intervention in the project4 7#c7 ,the target population that will be served by the project4 7#d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#e7 ,the detailed roles1 responsibilities1 and purposes of each ,federal1 ,state1 or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7#f7 ,the payment terms1 the methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7#g7 ,the project budget4 7#h7 ,the project timeline4 7#i7 ,the project eligibility criteria4 7#aj7 ,the evaluation design4 7#aa7 ,the metrics that will be used to determine whether the outcomes have been achieved and how these metrics will be measured4 7#ab7 ,the estimate prepared by the ,state or local government of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 if the contract is entered into and implemented and the outcomes are achieved4 #bjed4 ,feasibility study funding 7a7 ,requests for funding for feasibility studies ,the ,secretary shall reserve a portion of the funding provided in section #bjeg to assist ,states or local governments in developing feasibility studies required by section #bjeb4 ,to be eligible to receive funding to assist with completing a feasibility study1 a ,state or local government shall submit an application for feasibility study funding containing the following information3 7#a7 ,a description of the outcome goals of the social impact pay for performance contract project4 7#b7 ,a description of the intervention1 including anticipated program design1 target population1 an estimate regarding the number of individuals to be served1 and setting for the intervention4 7#c7 ,evidence to support the likelihood that such intervention will produce the desired outcome4 7#d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#e7 ,estimated costs to conduct the project4 7#f7 ,estimates of ,federal1 ,state1 and local government savings and other savings if the project is implemented and the outcomes are achieved4 7#g7 ,an estimated timeline for implementation and completion of the project1 which shall not exceed #aj years4 7#h7 ,with respect to a project for which the ,state or local government selects an intermediary to operate the project1 any partnerships needed to successfully execute the project and the ability of the intermediary to foster such partnerships4 7#i7 ,the expected resources needed to complete the feasibility study for the ,state or local government to apply for social impact pay for performance contract funding under section #bjeb4 7b7 ,federal selection of applications for feasibility study ,not later than #f months after receiving an application for feasibility study funding under subsection 7a71 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 shall select ,state or local government feasibility study proposals for funding based on the following3 7#a7 ,the likelihood that the proposal will achieve the desired outcome4 7#b7 ,the value of the outcome expected to be achieved4 7#c7 ,the potential savings to the ,federal ,government if the social impact pay for performance contract project is successful4 7#d7 ,the potential savings to the ,state and local governments if the project is successful4 7c7 ,public disclosure ,not later than #cj days after selecting a ,state or local government for feasibility study funding under this section1 the ,secretary shall publish on the website of the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts information explaining why the ,state or local government was granted feasibility study funding4 7d7 ,funding restrictions2 no guarantee of funding 7#a7 ,feasibility study restriction ,the ,secretary shall not provide feasibility study funding under this section for more than #ej percent of the estimated total cost of the feasibility study reported in the ,state or local government application submitted under subsection 7a74 7#b7 ,aggregate restriction ,of the total amount appropriated under section #bjeg1 the ,secretary shall not use more than #aj1jjj1jjj to provide feasibility study funding to ,states or local governments under this section4 7#c7 ,no guarantee of funding ,the ,secretary shall have the option to award no funding under this section4 7e7 ,submission of feasibility study required ,not later than #f months after the receipt of feasibility study funding under this section1 a ,state or local government receiving such funding shall complete the feasibility study and submit the study to the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts4 #bjee4 ,evaluations 7a7 ,contract ,authority ,for each ,state or local government awarded a social impact pay for performance contract project approved by the ,secretary under this subtitle1 the head of the relevant agency1 as determined by the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts1 shall enter into a contract with such ,state or local government to pay for the independent evaluation required under section #bjec7;a77#b7 to determine whether the ,state or local government project has met an outcome specified in the contract in order for the ,state or local government to receive outcome payments under this subtitle4 7b7 ,evaluator ,qualifications ,the head of the relevant agency may not enter into a contract with a ,state or local government under subsection 7a7 unless the head determines that the evaluator is independent of the other parties to the contract and has demonstrated substantial experience in conducting rigorous evaluations of program effectiveness including1 where available and appropriate1 well-implemented randomized controlled trials on the intervention or similar interventions4 7c7 ,methodologies ,to be used 7#a7 ,in general ,subject to paragraph 7#b71 the evaluation used to determine whether a ,state or local government will receive outcome payments under this subtitle shall1 to the extent practicable1 use methodologies based on experimental designs using random assignment1 or1 when random assignment is not feasible or appropriate1 other reliable1 evidence-based research methodologies1 as certified by the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts1 that allow for the strongest possible direct1 causal inferences4 7#b7 ,limitation ,in determining whether an outcome has been achieved1 the evaluation methodology selected under paragraph 7#a7 shall not consider indirect potential savings to the ,federal ,government that may be realized from increased income1 employment1 output1 or other economic measures derived from multiplier effects external to the outcome metrics upon which contract payments are based4 7#c7 ,application of ,executive ,order #acefc ,executive ,order #acefc 7#gf ,fed4 ,reg4 #c1hba2 relating to regulatory review7 shall not apply to the development and selection of methodologies under this subsection4 7d7 ,progress ,report 7#a7 ,submission of report ,the independent evaluator shall-- 7,a7 not later than #b years after a project has been approved by the ,secretary and biannually thereafter until the project is concluded1 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts a written report summarizing the progress that has been made in achieving each outcome specified in the contract2 and 7,b7 at the scheduled time of the first outcome payment and at the time of each subsequent payment1 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts a written report that includes the results of the evaluation conducted to determine whether an outcome payment should be made along with information on the unique factors that contributed to achieving or failing to achieve the outcome1 the challenges faced in attempting to achieve the outcome1 and information on the improved future delivery of this or similar interventions4 7#b7 ,submission to ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts shall submit such report to each committee of jurisdiction in the ,house of ,representatives and the ,senate4 7e7 ,final ,report 7#a7 ,submission of report ,within #f months after the social impact pay for performance contract project is completed1 the independent evaluator shall-- 7,a7 evaluate the effects of the activities undertaken pursuant to the contract with regard to each outcome specified in the contract2 and 7,b7 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts a written report that includes the results of the evaluation and the conclusion of the evaluator as to whether the ,state or local government has fulfilled each obligation of the contract1 along with information on the unique factors that contributed to the success or failure of the project1 the challenges faced in attempting to achieve the outcome1 and information on the improved future delivery of this or similar interventions4 7#b7 ,submission to ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts shall submit such report to each committee of jurisdiction in the ,house of ,representatives and the ,senate4 7f7 ,limitation on ,cost of ,evaluations ,of the amount made available for social impact pay for performance contract projects in section #bjeg1 the ,secretary may not obligate more than #ae percent of such amount to evaluate the implementation and outcomes of such projects4 #bjef4 ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts 7a7 ,establishment2 duties ,there is established the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts 7in this section1 referred to as the ,council74 ,the duties of the ,council shall be to-- 7#a7 coordinate the efforts of social impact pay for performance contract projects funded by this subtitle2 7#b7 advise and assist the ,secretary in the development and implementation of such projects2 7#c7 advise the ,secretary on specific programmatic and policy matter related to such projects2 7#d7 provide subject-matter expertise to the ,secretary with regard to such projects2 7#e7 ensure that each ,state or local government that has entered into a contract with the ,secretary for a social impact pay for performance contract project under this subtitle and each evaluator selected by the head of the relevant agency under section #bjee has access to ,federal administrative data to assist the ,state or local government and the evaluator in evaluating the performance and outcomes of the project2 7#f7 provide guidance to the executive branch on the future of social impact pay for performance contract projects in the ,united ,states2 7#g7 review ,state and local government applications for social impact pay for performance contract projects to ensure that contracts will only be awarded under this subtitle when rigorous1 independent data and reliable1 evidence-based research methodologies support the conclusion that a contract will yield savings to the ,federal ,government that are equal to or greater than the size of the outlay through the contract before such applications are approved by the ,secretary2 7#h7 certify1 in the case of each approved social impact pay for performance contract project1 that the project will yield a projected savings to the ,federal ,government1 and coordinate with the relevant ,federal agency to produce an after-action accounting once the project is complete to determine the actual ,federal savings realized1 and the extent to which actual savings aligned with projected savings2 and 7#i7 provide oversight of the actions of the ,secretary and other ,federal officials under this subtitle1 and report periodically to ,congress and the public on the implementation of this subtitle4 7b7 ,composition of ,council 7#a7 ,presidential appointees ,the ,president of the ,united ,states shall select #c members of the ,council1 at least #a of whom shall be an official of the ,department of the ,treasury and at least #a of whom shall not be an employee of the ,federal ,government4 ,the ,president shall designate #a of these #c members as the ,chair of the ,council4 ,the ,chair shall serve for a term of #g years1 and the other members selected by the ,president shall serve terms of #d and #f years4 ,the ,president shall determine which member serves #d years and which serves #f years4 7#b7 ,additional appointees ,in addition to the #c members appointed under paragraph 7#a71 the ,council shall be further composed of the following #h members3 7,a7 #a member selected by the ,president of the ,united ,states from a list of candidates provided by the ,majority ,leader of the ,senate2 7,b7 #a member selected by the ,president from a list of candidates provided by the ,minority ,leader of the ,senate2 7,c7 #a member selected by the ,president from a list of candidates provided by the ,speaker of the ,house of ,representatives2 7,d7 #a member selected by the ,president from a list of candidates provided by the ,minority ,leader of the ,house of ,representatives2 7,e7 #a member selected by the ,president from a list of candidates provided by the ,chairman of the ,committee on ,finance of the ,senate2 7,f7 #a member selected by the ,president from a list of candidates provided by the ,ranking ,member of the ,committee on ,finance of the ,senate2 7,g7 #a member selected by the ,president from a list of candidates provided by the ,chairman of the ,committee on ,ways and ,means of the ,house of ,representatives2 and 7,h7 #a member selected by the ,president from a list of candidates provided by the ,ranking ,member of the ,committee on ,ways and ,means of the ,house of ,representatives4 7#c7 ,qualifications ,the membership of the ,council shall consist of individuals who-- 7,a7 are experienced in finance1 economics1 pay for performance finance or statistics2 7,b7 have relevant professional or personal experience in a field related to #a or more of the outcomes listed in section #bjeb7;b72 and 7,c7 are qualified to review applications for social impact pay for performance contract projects to determine whether the proposed metrics and evaluation methodologies are appropriately rigorous and reliant upon independent data and evidence-based research4 7#d7 ,timing of appointments 7,a7 ,candidate lists ,with respect to the candidate lists described in paragraph 7#b71 the designated member of ,congress shall provide a list of candidates to the ,president not later than #ij days after the date of the enactment of this subtitle1 or1 in the event of a vacancy1 not later than #ij days after the date upon which the vacancy arises4 ,if a member of ,congress fails to provide a list of candidates to the ,president by such date1 the ,president may select a member of the ,president's choice on behalf of such member of ,congress4 7,b7 ,appointment date ,all appointments of the members of the ,council shall be made not later than #abj days after the date of the enactment of this subtitle4 ,notwithstanding the preceding sentence1 if not all appointments have been made to the ,council as of such date1 the ,council may operate with fewer than all #aa members until all appointments have been made4 7#e7 ,term of appointments 7,a7 ,in general ,the members appointed under paragraph 7#b7 shall serve as follows3 7i7 #b members shall serve for #c years4 7ii7 #b members shall serve for #d years4 7iii7 #b members shall serve for #e years4 7iv7 #b members shall serve for #f years4 7,b7 ,assignment of terms ,the ,council shall designate the term length that each member appointed under paragraph 7#b7 shall serve by unanimous agreement4 ,in the event that unanimous agreement cannot be reached1 term lengths shall be assigned to such members by a random process4 7#f7 ,vacancies 7,a7 ,in general ,subject to subparagraph 7,b71 in the event of a vacancy in the ,council1 whether due to the resignation of a member1 the expiration of a member's term1 or any other reason1 such vacancy shall be filled in the manner in which the original appointment was made and shall not affect the powers of the ,council4 7,b7 ,political party balance rule ,if the member of ,congress required to provide a list of candidates under paragraph 7#b7 to fill a vacancy in a position in accordance with this paragraph is not of the same political party as the member of ,congress providing the list of candidates for the original appointment to such position1 the list of candidates to fill such vacancy shall be provided instead by the member of the other political party occupying the corresponding position in the ,house of ,congress or congressional committee concerned4 7#g7 ,appointment power ,members of the ,council appointed under this section shall not be subject to confirmation by the ,senate4 7c7 ,rules of the ,council 7#a7 ,charter ,the ,council shall file a charter that meets the requirements of section #i7;c7 of the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 with the ,secretary4 ,such charter shall be published on the website the ,council is required to establish under section #bjeh4 7#b7 ,council procedures ,section #aj of the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app471 other than subsections 7e7 and 7f71 shall apply to the ,council4 7#c7 ,transcripts ,section #aa of the ,federal ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 shall apply to the ,council4 7#d7 ,compensation ,members of the ,council-- 7,a7 shall not receive compensation for service on the ,council2 and 7,b7 shall be allowed travel expenses1 including per diem in lieu of subsistence1 at rates authorized for employees of agencies under subchapter ,i of chapter #eg of title #e1 ,united ,states ,code1 while away from their homes or regular places of business in the performance of service for the ,council4 7d7 ,agency liaisons ,the ,council shall liaise1 as needed1 with officers or employees of each ,federal agency that becomes involved with the social impact pay for performance contract selection and obligation process who are designated by the head of the agency to serve as liaison to the ,council4 7e7 ,rule of construction ,nothing in this section shall give the ,council the authority to abrogate a contract entered into by the ,secretary under section #bjec1 or any payment associated with such contract that is payable under such section4 #bjeg4 ,funding 7a7 ,in general ,out of any money in the ,treasury not otherwise appropriated1 there is hereby appropriated #cjj1jjj1jjj to remain available until #aj years after the date specified in section #bjec7;c77#c7 to carry out the activities authorized under this subtitle4 ,amounts appropriated under this subsection that are unobligated as of such date shall be rescinded on such date1 except that the ,secretary may retain an amount not to exceed #f1jjj1jjj for an additional #c years for purposes of carrying out functions necessary to administer contracts that were awarded under this subtitle prior to such date4 7b7 ,limitation ,of the amounts made available under subsection 7a71 the ,secretary may not use more than #c1jjj1jjj in any fiscal year to support the review1 approval1 and oversight of social impact pay for performance contract projects1 including activities conducted by-- 7#a7 the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts2 and 7#b7 any other agency consulted by the ,secretary before approving a social impact pay for performance contract project or a feasibility study under section #bjed4 #bjeh4 ,website ,the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts shall establish and maintain a public website that shall display the following3 7#a7 ,a copy of1 or method of accessing1 each notice published regarding a social impact pay for performance contract project pursuant to this subtitle4 7#b7 ,for each ,state or local government that has entered into a contract with the ,secretary for a social impact pay for performance contract project1 the website shall contain the following information3 7,a7 ,the outcome goals of the project4 7,b7 ,a description of each intervention in the project4 7,c7 ,the target population that will be served by the project4 7,d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7,e7 ,the detailed roles1 responsibilities1 and purposes of each ,federal1 ,state1 or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7,f7 ,the payment terms1 methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7,g7 ,the project budget4 7,h7 ,the project timeline4 7,i7 ,the project eligibility criteria4 7,j7 ,the evaluation design4 7,k7 ,the metrics used to determine whether the proposed outcomes have been achieved and how these metrics are measured4 7#c7 ,a copy of the progress reports and the final reports relating to each social impact pay for performance contract project4 7#d7 ,an estimate of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 resulting from the successful completion of the social impact pay for performance contract project4 7#e7 ,a copy of the ,council's charter4 #bjei4 ,regulations ,the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,pay for ,performance ,contracts1 may issue regulations as necessary to carry out this subtitle4 #bjfj4 ,,gao ,audits 7a7 ,authority ,to audit ,the ,comptroller ,general of the ,united ,states may audit the activities of any ,state1 local government1 or nongovernmental entity that receives funds under this subtitle4 7b7 ,access to information 7#a7 ,in general ,notwithstanding any other provision of law1 the ,comptroller ,general shall1 upon request and at such reasonable time and in such reasonable form as the ,comptroller ,general may request1 have access to-- 7,a7 any records or other information under the control of or used by any ,state1 local government1 or nongovernmental entity that receives funds under this subtitle2 7,b7 any records or other information under the control of a person or entity acting on behalf of or under the authority of a ,state1 local government1 or nongovernmental entity that receives funds under this subtitle1 to the extent that such records or other information is relevant to an audit under subsection 7a72 and 7,c7 the officers1 directors1 employees1 financial advisors1 staff1 working groups1 and agents and representatives of any ,state1 local government1 or nongovernmental entity that receives funds under this subtitle 7as related to the activities on behalf of such ,state1 local government1 or nongovernmental entity of such agent or representative71 at such reasonable times as the ,comptroller ,general may request4 7#b7 ,copies ,the ,comptroller ,general may make and retain copies of such books1 accounts1 and other records1 access to which is granted under this section1 as the ,comptroller ,general considers appropriate4 #bjfa4 ,definitions ,in this subtitle3 7#a7 ,agency ,the term agency has the meaning given that term in section #eea of title #e1 ,united ,states ,code4 7#b7 ,intervention ,the term intervention means a specific service delivered to achieve an impact through a social impact pay for performance contract project4 7#c7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4 7#d7 ,social impact pay for performance contract project ,the term social impact pay for performance contract project means a project that finances social services using a social impact pay for performance contract model4 7#e7 ,social impact pay for performance contract model ,the term social impact pay for performance contract model means a method of financing social services in which-- 7,a7 ,federal funds are awarded to a ,state or local government only if a ,state or local government achieves certain outcomes agreed upon by the ,state or local government and the ,secretary2 and 7,b7 the ,state or local government coordinates with service providers1 investors 7if applicable to the project71 and 7if necessary7 an intermediary to identify-- 7i7 an intervention expected to produce the outcome2 7ii7 a service provider to deliver the intervention to the target population2 and 7iii7 investors to fund the delivery of the intervention4 7#f7 ,state ,the term ,state means each ,state of the ,united ,states1 the ,district of ,columbia1 each commonwealth1 territory or possession of the ,united ,states1 and each federally recognized ,indian tribe4 4 #c4 ,community ,reinvestment ,act ,section #hjd of the ,community ,reinvestment ,act of #aigg 7#ab ,u4,s4,c4 #bijc7 is amended by adding at the end the following3 7e7 ,social impact pay for performance contract projects ,in assessing and taking into account1 under subsection 7a71 the record of a financial institution1 the appropriate ,federal financial supervisory agency shall consider1 as a factor1 investments made by the financial institution in social impact pay for performance contract projects under subtitle ,c of title ,,xx of the ,social ,security ,act4 4