,,ii #aac? ,,congress #b;d ,session ,s4 #bfia ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #cj1 #bjad ,mr4 ,b5net 7= himself & ,mr4 ,hat*7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to enc\rage & support p>tn]%ips betwe5 ! public & private sectors to improve our nation's social programs1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,pay = ,p]=mance ,act4 #b4 ,social ,impact ,pay = ,p]=mance ,contracts ,title ,,xx ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acig7 is am5d$-- 7#a7 9 ! title head+1 by /rik+ to ,/ates & ins]t+ & ,projects2 & 7#b7 by add+ at ! end ! foll[+3 ,c ,social ,impact ,pay = ,p]=mance ,contracts #bjea4 ,purposes ,! purposes ( ?is subtitle are ! foll[+3 7#a7 ,to improve ! lives ( families & individuals 9 ne$ 9 ! ,unit$ ,/ates by fund+ social programs t a*ieve real results4 7#b7 ,to r$irect funds away f programs t1 bas$ on objective data1 are ineffective1 & into programs t a*ieve demon/rable1 measurable results4 7#c7 ,to ensure ,f$]al funds are us$ effectively on social s]vices to produce positive outcomes = bo? s]vice recipi5ts & taxpay]s4 7#d7 ,to e/abli% ! use ( social impact pay = p]=mance contracts to address "s ( our ,nation's mo/ press+ problems4 7#e7 ,to facilitate ! creation ( public-private p>tn]%ips t bundle philan?ropic & o!r private res\rces ) exi/+ public sp5d+ to scale up effective social int]v5tions already be+ implem5t$ by private organizations1 non-pr(its1 *>itable organizations1 & local gov]nm5ts across ! c\ntry4 7#f7 ,to br+ pay-=-p]=mance to ! social s]vices sector1 all[+ ! ,unit$ ,/ates to improve ! impact & effectiv5ess ( vital social s]vices programs :ile r$irect+ ineffici5t or duplicative sp5d+4 #bjeb4 ,social impact pay = p]=mance contract application 7a7 ,notice ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is subtitle1 ! ,secret>y ( ! ,treasury 7ref]r$ to 9 ?is subtitle z ! ,secret>y71 9 consultation ) ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts 7e/abli%$ by section #bjef71 %all publi% 9 ! ,f$]al ,regi/] a reque/ = proposals f ,/ates or local gov]nm5ts = social impact pay = p]=mance contract projects 9 accordance ) ?is section4 7b7 ,requir$ outcomes = social impact pay = p]=mance contract project ,to qualify z a social impact pay = p]=mance contract project "u ?is subtitle1 a project mu/ produce a measurable1 cle>ly def9$ outcome t results 9 social b5efit & ,f$]al sav+s ?r\gh any ( ! foll[+3 7#a7 ,increas+ "w & e>n+s by individuals :o h be5 unemploy$ 9 ! ,unit$ ,/ates = m ?an #f consecutive mon?s4 7#b7 ,increas+ employm5t & e>n+s ( individuals age #af to #bd4 7#c7 ,increas+ employm5t among individuals receiv+ ,f$]al disability b5efits4 7#d7 ,r$uc+ ! dep5d5ce ( l[-income families on ,f$]al means-te/$ b5efits4 7#e7 ,improv+ rates ( high s*ool graduation4 7#f7 ,r$uc+ te5 & unplann$ pregnancies4 7#g7 ,improv+ bir? outcomes among l[-income families & individuals4 7#h7 ,r$uc+ rates ( a/hma1 diabetes1 or o!r prev5table diseases among l[-income families & individuals4 7#i7 ,increas+ ! proportion ( *ildr5 liv+ 9 #b-p>5t families4 7#aj7 ,r$uc+ incid5ces ( *ild abuse & neglect4 7#aa7 ,r$uc+ ! numb] ( y\? 9 fo/] c>e :o are emancipat$ f c>e by increas+ adoptions1 p]man5t gu>dian%ip arrangem5ts1 reunification1 or placem5t ) a fit & will+ relative = *ildr5 & y\? 9 fo/] c>e4 7#ab7 ,r$uc+ ! numb] ( *ildr5 & y\? 9 fo/] c>e resid+ 9 gr\p homes1 *ild c>e in/itutions1 ag5cy-op]at$ fo/] homes1 or o!r non-family fo/] homes1 unless x is det]m9$ t x is 9 ! int]e/ ( ! *ild's long-t]m heal?1 safety1 or psy*ological well-be+ to n be plac$ 9 a family fo/] home4 7#ac7 ,r$uc+ recidivism among individuals releas$ f prison4 7#ad7 ,o!r measurable outcomes def9$ by ! ,/ate or local gov]nm5t t result 9 positive social outcomes & ,f$]al sav+s4 7c7 ,feasibility /udy requir$ ,! notice describ$ 9 subsection 7a7 %all require a ,/ate or local gov]nm5t to submit a feasibility /udy = ! social impact pay = p]=mance contract project t conta9s ! foll[+ in=mation3 7#a7 ,! outcome goals ( ! project4 7#b7 ,a description ( ea* int]v5tion 9 ! project & anticipat$ outcome ( su* int]v5tion4 7#c7 ,rigor\s evid5ce demon/rat+ t ! int]v5tion c be expect$ to produce ! desir$ outcomes4 7#d7 ,! t>get population t w be s]v$ by ! project4 7#e7 ,! expect$ social b5efits to p>ticipants :o receive ! int]v5tion & o!rs :o may be impact$4 7#f7 ,project$ ,f$]al1 ,/ate1 & local gov]nm5t co/s & o!r co/s to conduct ! project4 7#g7 ,project$ ,f$]al1 ,/ate1 & local gov]nm5t sav+s & o!r sav+s1 includ+ an e/imate prep>$ by ! ,/ate or local gov]nm5t ( ! sav+s to ! ,f$]al1 ,/ate1 & local gov]nm5t1 on a program-by-program basis & 9 ! aggregate1 if ! project is implem5t$ & ! outcomes are a*iev$4 7#h7 ,if sav+s result+ f ! successful completion ( ! project are e/imat$ to accrue to ! ,/ate or local gov]nm5t1 ! likelihood ( ! ,/ate or local gov]nm5t to realize ^? sav+s4 7#i7 ,a plan = deliv]+ ! int]v5tion ?r\gh a social impact pay = p]=mance contract model4 7#aj7 ,a description ( ! exp]tise ( ea* s]vice provid] t w adm9i/] ! int]v5tion4 7#aa7 ,an explanation ( ! exp]i5ce ( ! ,/ate or local gov]nm5t1 ! int]m$i>y1 or ! s]vice provid] 9 rais+ private & philan?ropic capital to fund social s]vice inve/m5ts4 7#ab7 ,! detail$ roles & responsibilities ( ea* entity involv$ 9 ! project1 includ+ any ,/ate or local gov]nm5t entity1 int]m$i>y1 s]vice provid]1 indep5d5t evaluator1 inve/or1 or o!r /akehold]4 7#ac7 ,a summ>y ( ! exp]i5ce ( ! s]vice provid] deliv]+ ! propos$ int]v5tion or a simil> int]v5tion1 or a summ>y demon/rat+ t ! s]vice provid] has ! exp]tise necess>y to deliv] ! propos$ int]v5tion4 7#ad7 ,a summ>y ( ! unmet ne$ 9 ! area :]e ! int]v5tion w be deliv]$ or among ! t>get population :o w receive ! int]v5tion4 7#ae7 ,! paym5t t]ms1 ! me?odology us$ to calculate outcome paym5ts1 ! paym5t s*$ule1 & p]=mance ?re%olds4 7#af7 ,! project budget4 7#ag7 ,! project timel9e4 7#ah7 ,! crit]ia us$ to det]m9e ! eligibility ( an individual = ! project1 includ+ h[ select$ populations w be id5tifi$1 h[ !y w be ref]r$ to ! project1 & h[ !y w be enroll$ 9 ! project4 7#ai7 ,! evaluation design4 7#bj7 ,! metrics t w be us$ to det]m9e :e!r ! outcomes h be5 a*iev$ & h[ su* metrics w be measur$4 7#ba7 ,a summ>y expla9+ ! indep5d5ce ( ! evaluator f ! o!r entities involv$ 9 ! project & ! evaluator's exp]i5ce 9 conduct+ rigor\s evaluations ( program effectiv5ess includ+1 :]e available1 well-implem5t$ r&omiz$ controll$ trials on ! int]v5tion or simil> int]v5tions4 7#bb7 ,! capacity ( ! s]vice provid] to deliv] ! int]v5tion to ! numb] ( p>ticipants ! ,/ate or local gov]nm5t proposes to s]ve 9 ! project4 7d7 ,project int]m$i>y in=mation requir$ ,! feasibility /udy describ$ 9 subsection 7c7 %all also conta9 ! foll[+ in=mation ab\t ! int]m$i>y = ! social impact pay = p]=mance contract project 7:e!r ! int]m$i>y is ! s]vice provid] or o!r entity73 7#a7 ,exp]i5ce & capacity = provid+ or facilitat+ ! provision ( ! type ( int]v5tion propos$4 7#b7 ,! mission & goals4 7#c7 ,in=mation on :e!r ! int]m$i>y is already work+ ) s]vice provid]s t provide ?is int]v5tion or an explanation ( ! capacity ( ! int]m$i>y to beg9 work+ ) s]vice provid]s to provide ! int]v5tion4 7#d7 ,exp]i5ce work+ 9 a collaborative environm5t across gov]nm5t & nongov]nm5tal entities4 7#e7 ,previ\s exp]i5ce collaborat+ ) public or private entities to implem5t evid5ce-bas$ programs4 7#f7 ,ability to raise or provide fund+ to cov] op]at+ co/s 7if applicable to ! project74 7#g7 ,capacity & infra/ructure to track outcomes & measure results1 includ+-- 7,a7 capacity to track & analyze program p]=mance2 & 7,b7 exp]i5ce ) p]=mance-bas$ contract+ & a*iev+ project mile/ones & t>gets4 7#h7 ,role 9 deliv]+ ! int]v5tion4 7#i7 ,h[ ! int]m$i>y w\ld monitor program success1 includ+ a description ( ! int]im b5*m>ks & outcome measures4 #bjec4 ,aw>d+ contracts = social impact pay = p]=mance contract projects 7a7 ,timel9e 9 aw>d+ contract ,n lat] ?an #f mon?s aft] receiv+ an application 9 accordance ) section #bjeb1 ! ,secret>y %all det]m9e :e!r to ent] into a contract = a social impact pay = p]=mance contract project ) ! ,/ate or local gov]nm5t t submitt$ su* application4 7b7 ,consid]ations 9 ,aw>d+ ,contract ,9 det]m9+ :e!r to ent] into a contract = a social impact pay = p]=mance contract project ) a ,/ate or local gov]nm5t1 ! ,secret>y1 9 consultation ) ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts & ! head ( any ,f$]al ag5cy adm9i/]+ a simil> int]v5tion or s]v+ a population simil> to t s]v$ by ! project1 %all consid] ea* ( ! foll[+3 7#a7 ,! value to ! ,f$]al ,gov]nm5t ( ! outcome expect$ to be a*iev$ if ! outcomes specifi$ 9 ! contract are a*iev$4 7#b7 ,! ability ( ! ,/ate or local gov]nm5t1 9 collaboration ) ! int]m$i>y & ! s]vice provid]s1 to a*ieve ! outcomes4 7#c7 ,! sav+s to ! ,f$]al ,gov]nm5t if ! outcomes specifi$ 9 contract are a*iev$4 7#d7 ,! sav+s to ! ,/ate & local gov]nm5ts if ! outcomes specific 9 ! contract are a*iev$4 7#e7 ,! expect$ quality ( ! evaluation t w\ld be conduct$ ) respect to ! contract4 7c7 ,contract ,au?ority 7#a7 ,contract requirem5ts ,9 accordance ) ?is section1 ! ,secret>y1 9 consultation ) ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts & ! head ( any ,f$]al ag5cy adm9i/]+ a simil> int]v5tion or s]v+ a population simil> to t s]v$ by ! project1 may ent] into a contract = a social impact pay = p]=mance contract project ) a ,/ate or local gov]nm5t if ! ,secret>y det]m9es t ea* ( ! foll[+ requirem5ts are met3 7,a7 ,! ,/ate or local gov]nm5t agrees to a*ieve an outcome specifi$ 9 ! contract 9 ord] to receive paym5t4 7,b7 ,! ,f$]al paym5t to ! ,/ate or local gov]nm5t = ea* outcome specifi$ does n exce$ ! monet>y value ( ! outcome to ! ,f$]al ,gov]nm5t ov] a p]iod n to exce$ #aj ye>s1 z det]m9$ by ! ,secret>y1 9 consultation ) ! ,/ate or local gov]nm5t4 7,c7 ,! duration ( ! project does n exce$ #aj ye>s4 7,d7 ,! ,/ate or local gov]nm5t has demon/rat$1 ?r\gh ! application submitt$ "u section #bjeb1 t1 bas$ on prior rigor\s exp]im5tal evaluations or rigor\s quasi-exp]im5tal /udies1 ! int]v5tion c be expect$ to a*ieve ea* outcome specifi$ 9 ! contract4 7,e7 ,! ,/ate1 local gov]nm5t1 int]m$i>y1 or s]vice provid] has exp]i5ce rais+ private or philan?ropic capital to fund social s]vice inve/m5ts 7if applicable to ! project74 7,f7 ,! ,/ate or local gov]nm5t has %[n t ea* s]vice provid] has exp]i5ce deliv]+ ! int]v5tion1 a simil> int]v5tion1 or has o!rwise demon/rat$ ! exp]tise necess>y to deliv] ! int]v5tion4 7#b7 ,paym5t ,! ,secret>y %all pay ! ,/ate or local gov]nm5t only if ! indep5d5t evaluator describ$ 9 section #bjee det]m9es t ! social impact pay = p]=mance contract project has met ! requirem5ts specifi$ 9 ! contract & a*iev$ an outcome specifi$ 9 ! contract4 7#c7 ,limitation ,! ,secret>y %all n ent] into a contract = a social impact pay = p]=mance contract project "u p>agraph 7#a7 aft] ! date t is #aj ye>s aft] ! date ( ! enactm5t ( ?is subtitle & %all n obligate any funds made available "u section #bjeg7;a7 aft] su* date4 7d7 ,notice ( contract aw>d ,n lat] ?an #cj days aft] ent]+ into a contract "u ?is section1 ! ,secret>y %all publi% a notice 9 ! ,f$]al ,regi/] t includes1 ) reg>d to su* contract1 ! foll[+3 7#a7 ,! outcome goals ( ! social impact pay = p]=mance contract project4 7#b7 ,a description ( ea* int]v5tion 9 ! project4 7#c7 ,! t>get population t w be s]v$ by ! project4 7#d7 ,! expect$ social b5efits to p>ticipants :o receive ! int]v5tion & o!rs :o may be impact$4 7#e7 ,! detail$ roles1 responsibilities1 & purposes ( ea* ,f$]al1 ,/ate1 or local gov]nm5t entity1 int]m$i>y1 s]vice provid]1 indep5d5t evaluator1 inve/or1 or o!r /akehold]4 7#f7 ,! paym5t t]ms1 ! me?odology us$ to calculate outcome paym5ts1 ! paym5t s*$ule1 & p]=mance ?re%olds4 7#g7 ,! project budget4 7#h7 ,! project timel9e4 7#i7 ,! project eligibility crit]ia4 7#aj7 ,! evaluation design4 7#aa7 ,! metrics t w be us$ to det]m9e :e!r ! outcomes h be5 a*iev$ & h[ ^! metrics w be measur$4 7#ab7 ,! e/imate prep>$ by ! ,/ate or local gov]nm5t ( ! sav+s to ! ,f$]al1 ,/ate1 & local gov]nm5t1 on a program-by-program basis & 9 ! aggregate1 if ! contract is ent]$ into & implem5t$ & ! outcomes are a*iev$4 #bjed4 ,feasibility /udy fund+ 7a7 ,reque/s = fund+ = feasibility /udies ,! ,secret>y %all res]ve a portion ( ! fund+ provid$ 9 section #bjeg to assi/ ,/ates or local gov]nm5ts 9 develop+ feasibility /udies requir$ by section #bjeb4 ,to be eligible to receive fund+ to assi/ ) complet+ a feasibility /udy1 a ,/ate or local gov]nm5t %all submit an application = feasibility /udy fund+ conta9+ ! foll[+ in=mation3 7#a7 ,a description ( ! outcome goals ( ! social impact pay = p]=mance contract project4 7#b7 ,a description ( ! int]v5tion1 includ+ anticipat$ program design1 t>get population1 an e/imate reg>d+ ! numb] ( individuals to be s]v$1 & sett+ = ! int]v5tion4 7#c7 ,evid5ce to support ! likelihood t su* int]v5tion w produce ! desir$ outcome4 7#d7 ,! expect$ social b5efits to p>ticipants :o receive ! int]v5tion & o!rs :o may be impact$4 7#e7 ,e/imat$ co/s to conduct ! project4 7#f7 ,e/imates ( ,f$]al1 ,/ate1 & local gov]nm5t sav+s & o!r sav+s if ! project is implem5t$ & ! outcomes are a*iev$4 7#g7 ,an e/imat$ timel9e = implem5tation & completion ( ! project1 :i* %all n exce$ #aj ye>s4 7#h7 ,) respect to a project = :i* ! ,/ate or local gov]nm5t selects an int]m$i>y to op]ate ! project1 any p>tn]%ips ne$$ to successfully execute ! project & ! ability ( ! int]m$i>y to fo/] su* p>tn]%ips4 7#i7 ,! expect$ res\rces ne$$ to complete ! feasibility /udy = ! ,/ate or local gov]nm5t to apply = social impact pay = p]=mance contract fund+ "u section #bjeb4 7b7 ,f$]al selection ( applications = feasibility /udy ,n lat] ?an #f mon?s aft] receiv+ an application = feasibility /udy fund+ "u subsection 7a71 ! ,secret>y1 9 consultation ) ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts & ! head ( any ,f$]al ag5cy adm9i/]+ a simil> int]v5tion or s]v+ a population simil> to t s]v$ by ! project1 %all select ,/ate or local gov]nm5t feasibility /udy proposals = fund+ bas$ on ! foll[+3 7#a7 ,! likelihood t ! proposal w a*ieve ! desir$ outcome4 7#b7 ,! value ( ! outcome expect$ to be a*iev$4 7#c7 ,! pot5tial sav+s to ! ,f$]al ,gov]nm5t if ! social impact pay = p]=mance contract project is successful4 7#d7 ,! pot5tial sav+s to ! ,/ate & local gov]nm5ts if ! project is successful4 7c7 ,public disclosure ,n lat] ?an #cj days aft] select+ a ,/ate or local gov]nm5t = feasibility /udy fund+ "u ?is section1 ! ,secret>y %all publi% on ! website ( ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts in=mation expla9+ :y ! ,/ate or local gov]nm5t 0 grant$ feasibility /udy fund+4 7d7 ,fund+ re/rictions2 no gu>antee ( fund+ 7#a7 ,feasibility /udy re/riction ,! ,secret>y %all n provide feasibility /udy fund+ "u ?is section = m ?an #ej p]c5t ( ! e/imat$ total co/ ( ! feasibility /udy report$ 9 ! ,/ate or local gov]nm5t application submitt$ "u subsection 7a74 7#b7 ,aggregate re/riction ,( ! total am\nt appropriat$ "u section #bjeg1 ! ,secret>y %all n use m ?an #aj1jjj1jjj to provide feasibility /udy fund+ to ,/ates or local gov]nm5ts "u ?is section4 7#c7 ,no gu>antee ( fund+ ,! ,secret>y %all h ! option to aw>d no fund+ "u ?is section4 7e7 ,submission ( feasibility /udy requir$ ,n lat] ?an #f mon?s aft] ! receipt ( feasibility /udy fund+ "u ?is section1 a ,/ate or local gov]nm5t receiv+ su* fund+ %all complete ! feasibility /udy & submit ! /udy to ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts4 #bjee4 ,evaluations 7a7 ,contract ,au?ority ,= ea* ,/ate or local gov]nm5t aw>d$ a social impact pay = p]=mance contract project approv$ by ! ,secret>y "u ?is subtitle1 ! head ( ! relevant ag5cy1 z det]m9$ by ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts1 %all ent] into a contract ) su* ,/ate or local gov]nm5t to pay = ! indep5d5t evaluation requir$ "u section #bjec7;a77#b7 to det]m9e :e!r ! ,/ate or local gov]nm5t project has met an outcome specifi$ 9 ! contract 9 ord] = ! ,/ate or local gov]nm5t to receive outcome paym5ts "u ?is subtitle4 7b7 ,evaluator ,qualifications ,! head ( ! relevant ag5cy may n ent] into a contract ) a ,/ate or local gov]nm5t "u subsection 7a7 unless ! head det]m9es t ! evaluator is indep5d5t ( ! o!r p>ties to ! contract & has demon/rat$ sub/antial exp]i5ce 9 conduct+ rigor\s evaluations ( program effectiv5ess includ+1 :]e available & appropriate1 well-implem5t$ r&omiz$ controll$ trials on ! int]v5tion or simil> int]v5tions4 7c7 ,me?odologies ,to be us$ 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! evaluation us$ to det]m9e :e!r a ,/ate or local gov]nm5t w receive outcome paym5ts "u ?is subtitle %all1 to ! ext5t practicable1 use me?odologies bas$ on exp]im5tal designs us+ r&om assignm5t1 or1 :5 r&om assignm5t is n feasible or appropriate1 o!r reliable1 evid5ce-bas$ rese>* me?odologies1 z c]tifi$ by ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts1 t all[ = ! /ronge/ possible direct1 causal inf]5ces4 7#b7 ,limitation ,9 det]m9+ :e!r an outcome has be5 a*iev$1 ! evaluation me?odology select$ "u p>agraph 7#a7 %all n consid] indirect pot5tial sav+s to ! ,f$]al ,gov]nm5t t may be realiz$ f increas$ income1 employm5t1 output1 or o!r economic measures d]iv$ f multipli] effects ext]nal to ! outcome metrics ^u :i* contract paym5ts are bas$4 7#c7 ,application ( ,executive ,ord] #acefc ,executive ,ord] #acefc 7#gf ,f$4 ,reg4 #c1hba2 relat+ to regulatory review7 %all n apply to ! developm5t & selection ( me?odologies "u ?is subsection4 7d7 ,progress ,report 7#a7 ,submission ( report ,! indep5d5t evaluator %all-- 7,a7 n lat] ?an #b ye>s aft] a project has be5 approv$ by ! ,secret>y & biannually !reaft] until ! project is conclud$1 submit to ! head ( ! relevant ag5cy & ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts a writt5 report summ>iz+ ! progress t has be5 made 9 a*iev+ ea* outcome specifi$ 9 ! contract2 & 7,b7 at ! s*$ul$ "t ( ! fir/ outcome paym5t & at ! "t ( ea* subsequ5t paym5t1 submit to ! head ( ! relevant ag5cy & ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts a writt5 report t includes ! results ( ! evaluation conduct$ to det]m9e :e!r an outcome paym5t %\ld be made along ) in=mation on ! unique factors t contribut$ to a*iev+ or fail+ to a*ieve ! outcome1 ! *all5ges fac$ 9 attempt+ to a*ieve ! outcome1 & in=mation on ! improv$ future deliv]y ( ?is or simil> int]v5tions4 7#b7 ,submission to ,congress ,n lat] ?an #cj days aft] receipt ( ! writt5 report pursuant to p>agraph 7#a77;,b71 ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts %all submit su* report to ea* committee ( jurisdiction 9 ! ,h\se ( ,repres5tatives & ! ,s5ate4 7e7 ,f9al ,report 7#a7 ,submission ( report ,)9 #f mon?s aft] ! social impact pay = p]=mance contract project is complet$1 ! indep5d5t evaluator %all-- 7,a7 evaluate ! effects ( ! activities und]tak5 pursuant to ! contract ) reg>d to ea* outcome specifi$ 9 ! contract2 & 7,b7 submit to ! head ( ! relevant ag5cy & ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts a writt5 report t includes ! results ( ! evaluation & ! conclusion ( ! evaluator z to :e!r ! ,/ate or local gov]nm5t has fulfill$ ea* obligation ( ! contract1 along ) in=mation on ! unique factors t contribut$ to ! success or failure ( ! project1 ! *all5ges fac$ 9 attempt+ to a*ieve ! outcome1 & in=mation on ! improv$ future deliv]y ( ?is or simil> int]v5tions4 7#b7 ,submission to ,congress ,n lat] ?an #cj days aft] receipt ( ! writt5 report pursuant to p>agraph 7#a77;,b71 ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts %all submit su* report to ea* committee ( jurisdiction 9 ! ,h\se ( ,repres5tatives & ! ,s5ate4 7f7 ,limitation on ,co/ ( ,evaluations ,( ! am\nt made available = social impact pay = p]=mance contract projects 9 section #bjeg1 ! ,secret>y may n obligate m ?an #ae p]c5t ( su* am\nt to evaluate ! implem5tation & outcomes ( su* projects4 #bjef4 ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts 7a7 ,e/abli%m5t2 duties ,!re is e/abli%$ ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts 79 ?is section1 ref]r$ to z ! ,c\ncil74 ,! duties ( ! ,c\ncil %all be to-- 7#a7 coord9ate ! ef=ts ( social impact pay = p]=mance contract projects fund$ by ?is subtitle2 7#b7 advise & assi/ ! ,secret>y 9 ! developm5t & implem5tation ( su* projects2 7#c7 advise ! ,secret>y on specific programmatic & policy matt] relat$ to su* projects2 7#d7 provide subject-matt] exp]tise to ! ,secret>y ) reg>d to su* projects2 7#e7 ensure t ea* ,/ate or local gov]nm5t t has ent]$ into a contract ) ! ,secret>y = a social impact pay = p]=mance contract project "u ?is subtitle & ea* evaluator select$ by ! head ( ! relevant ag5cy "u section #bjee has access to ,f$]al adm9i/rative data to assi/ ! ,/ate or local gov]nm5t & ! evaluator 9 evaluat+ ! p]=mance & outcomes ( ! project2 7#f7 provide guidance to ! executive bran* on ! future ( social impact pay = p]=mance contract projects 9 ! ,unit$ ,/ates2 7#g7 review ,/ate & local gov]nm5t applications = social impact pay = p]=mance contract projects to ensure t contracts w only be aw>d$ "u ?is subtitle :5 rigor\s1 indep5d5t data & reliable1 evid5ce-bas$ rese>* me?odologies support ! conclusion t a contract w yield sav+s to ! ,f$]al ,gov]nm5t t are equal to or great] ?an ! size ( ! outlay ?r\gh ! contract be=e su* applications are approv$ by ! ,secret>y2 7#h7 c]tify1 9 ! case ( ea* approv$ social impact pay = p]=mance contract project1 t ! project w yield a project$ sav+s to ! ,f$]al ,gov]nm5t1 & coord9ate ) ! relevant ,f$]al ag5cy to produce an aft]-action acc\nt+ once ! project is complete to det]m9e ! actual ,f$]al sav+s realiz$1 & ! ext5t to :i* actual sav+s align$ ) project$ sav+s2 & 7#i7 provide ov]sight ( ! actions ( ! ,secret>y & o!r ,f$]al (ficials "u ?is subtitle1 & report p]iodically to ,congress & ! public on ! implem5tation ( ?is subtitle4 7b7 ,composition ( ,c\ncil 7#a7 ,presid5tial appo9tees ,! ,presid5t ( ! ,unit$ ,/ates %all select #c memb]s ( ! ,c\ncil1 at lea/ #a ( :om %all be an (ficial ( ! ,dep>tm5t ( ! ,treasury & at lea/ #a ( :om %all n be an employee ( ! ,f$]al ,gov]nm5t4 ,! ,presid5t %all designate #a ( ^! #c memb]s z ! ,*air ( ! ,c\ncil4 ,! ,*air %all s]ve = a t]m ( #g ye>s1 & ! o!r memb]s select$ by ! ,presid5t %all s]ve t]ms ( #d & #f ye>s4 ,! ,presid5t %all det]m9e :i* memb] s]ves #d ye>s & :i* s]ves #f ye>s4 7#b7 ,additional appo9tees ,9 addition to ! #c memb]s appo9t$ "u p>agraph 7#a71 ! ,c\ncil %all be fur!r compos$ ( ! foll[+ #h memb]s3 7,a7 #a memb] select$ by ! ,presid5t ( ! ,unit$ ,/ates f a li/ ( c&idates provid$ by ! ,majority ,lead] ( ! ,s5ate2 7,b7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,m9ority ,lead] ( ! ,s5ate2 7,c7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,speak] ( ! ,h\se ( ,repres5tatives2 7,d7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,m9ority ,lead] ( ! ,h\se ( ,repres5tatives2 7,e7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,*airman ( ! ,committee on ,f9ance ( ! ,s5ate2 7,f7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,rank+ ,memb] ( ! ,committee on ,f9ance ( ! ,s5ate2 7,g7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,*airman ( ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives2 & 7,h7 #a memb] select$ by ! ,presid5t f a li/ ( c&idates provid$ by ! ,rank+ ,memb] ( ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4 7#c7 ,qualifications ,! memb]%ip ( ! ,c\ncil %all consi/ ( individuals :o-- 7,a7 are exp]i5c$ 9 f9ance1 economics1 pay = p]=mance f9ance or /ati/ics2 7,b7 h relevant pr(essional or p]sonal exp]i5ce 9 a field relat$ to #a or m ( ! outcomes li/$ 9 section #bjeb7;b72 & 7,c7 are qualifi$ to review applications = social impact pay = p]=mance contract projects to det]m9e :e!r ! propos$ metrics & evaluation me?odologies are appropriately rigor\s & reliant ^u indep5d5t data & evid5ce-bas$ rese>*4 7#d7 ,tim+ ( appo9tm5ts 7,a7 ,c&idate li/s ,) respect to ! c&idate li/s describ$ 9 p>agraph 7#b71 ! designat$ memb] ( ,congress %all provide a li/ ( c&idates to ! ,presid5t n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is subtitle1 or1 9 ! ev5t ( a vacancy1 n lat] ?an #ij days aft] ! date ^u :i* ! vacancy arises4 ,if a memb] ( ,congress fails to provide a li/ ( c&idates to ! ,presid5t by su* date1 ! ,presid5t may select a memb] ( ! ,presid5t's *oice on behalf ( su* memb] ( ,congress4 7,b7 ,appo9tm5t date ,all appo9tm5ts ( ! memb]s ( ! ,c\ncil %all be made n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is subtitle4 ,not)/&+ ! prec$+ s5t5ce1 if n all appo9tm5ts h be5 made to ! ,c\ncil z ( su* date1 ! ,c\ncil may op]ate ) few] ?an all #aa memb]s until all appo9tm5ts h be5 made4 7#e7 ,t]m ( appo9tm5ts 7,a7 ,9 g5]al ,! memb]s appo9t$ "u p>agraph 7#b7 %all s]ve z foll[s3 7i7 #b memb]s %all s]ve = #c ye>s4 7ii7 #b memb]s %all s]ve = #d ye>s4 7iii7 #b memb]s %all s]ve = #e ye>s4 7iv7 #b memb]s %all s]ve = #f ye>s4 7,b7 ,assignm5t ( t]ms ,! ,c\ncil %all designate ! t]m l5g? t ea* memb] appo9t$ "u p>agraph 7#b7 %all s]ve by unanim\s agreem5t4 ,9 ! ev5t t unanim\s agreem5t _c be rea*$1 t]m l5g?s %all be assign$ to su* memb]s by a r&om process4 7#f7 ,vacancies 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 9 ! ev5t ( a vacancy 9 ! ,c\ncil1 :e!r due to ! resignation ( a memb]1 ! expiration ( a memb]'s t]m1 or any o!r reason1 su* vacancy %all be fill$ 9 ! mann] 9 :i* ! orig9al appo9tm5t 0 made & %all n affect ! p[]s ( ! ,c\ncil4 7,b7 ,political p>ty balance rule ,if ! memb] ( ,congress requir$ to provide a li/ ( c&idates "u p>agraph 7#b7 to fill a vacancy 9 a position 9 accordance ) ?is p>agraph is n ( ! same political p>ty z ! memb] ( ,congress provid+ ! li/ ( c&idates = ! orig9al appo9tm5t to su* position1 ! li/ ( c&idates to fill su* vacancy %all be provid$ in/ead by ! memb] ( ! o!r political p>ty occupy+ ! correspond+ position 9 ! ,h\se ( ,congress or congressional committee conc]n$4 7#g7 ,appo9tm5t p[] ,memb]s ( ! ,c\ncil appo9t$ "u ?is section %all n be subject to confirmation by ! ,s5ate4 7c7 ,rules ( ! ,c\ncil 7#a7 ,*>t] ,! ,c\ncil %all file a *>t] t meets ! requirem5ts ( section #i7;c7 ( ! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 ) ! ,secret>y4 ,su* *>t] %all be publi%$ on ! website ! ,c\ncil is requir$ to e/abli% "u section #bjeh4 7#b7 ,c\ncil proc$ures ,section #aj ( ! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app471 o!r ?an subsections 7e7 & 7f71 %all apply to ! ,c\ncil4 7#c7 ,transcripts ,section #aa ( ! ,f$]al ,advisory ,committee ,act 7#e ,u4,s4,c4 ,app47 %all apply to ! ,c\ncil4 7#d7 ,comp5sation ,memb]s ( ! ,c\ncil-- 7,a7 %all n receive comp5sation = s]vice on ! ,c\ncil2 & 7,b7 %all be all[$ travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 at rates au?oriz$ = employees ( ag5cies "u sub*apt] ,i ( *apt] #eg ( title #e1 ,unit$ ,/ates ,code1 :ile away f _! homes or regul> places ( bus9ess 9 ! p]=mance ( s]vice = ! ,c\ncil4 7d7 ,ag5cy liaisons ,! ,c\ncil %all liaise1 z ne$$1 ) (fic]s or employees ( ea* ,f$]al ag5cy t becomes involv$ ) ! social impact pay = p]=mance contract selection & obligation process :o are designat$ by ! head ( ! ag5cy to s]ve z liaison to ! ,c\ncil4 7e7 ,rule ( con/ruction ,no?+ 9 ?is section %all give ! ,c\ncil ! au?ority to abrogate a contract ent]$ into by ! ,secret>y "u section #bjec1 or any paym5t associat$ ) su* contract t is payable "u su* section4 #bjeg4 ,fund+ 7a7 ,9 g5]al ,out ( any money 9 ! ,treasury n o!rwise appropriat$1 !re is h]eby appropriat$ #cjj1jjj1jjj to rema9 available until #aj ye>s aft] ! date specifi$ 9 section #bjec7;c77#c7 to c>ry out ! activities au?oriz$ "u ?is subtitle4 ,am\nts appropriat$ "u ?is subsection t are unobligat$ z ( su* date %all be resc9d$ on su* date1 except t ! ,secret>y may reta9 an am\nt n to exce$ #f1jjj1jjj = an additional #c ye>s = purposes ( c>ry+ out functions necess>y to adm9i/] contracts t 7 aw>d$ "u ?is subtitle prior to su* date4 7b7 ,limitation ,( ! am\nts made available "u subsection 7a71 ! ,secret>y may n use m ?an #c1jjj1jjj 9 any fiscal ye> to support ! review1 approval1 & ov]sight ( social impact pay = p]=mance contract projects1 includ+ activities conduct$ by-- 7#a7 ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts2 & 7#b7 any o!r ag5cy consult$ by ! ,secret>y be=e approv+ a social impact pay = p]=mance contract project or a feasibility /udy "u section #bjed4 #bjeh4 ,website ,! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts %all e/abli% & ma9ta9 a public website t %all display ! foll[+3 7#a7 ,a copy (1 or me?od ( access+1 ea* notice publi%$ reg>d+ a social impact pay = p]=mance contract project pursuant to ?is subtitle4 7#b7 ,= ea* ,/ate or local gov]nm5t t has ent]$ into a contract ) ! ,secret>y = a social impact pay = p]=mance contract project1 ! website %all conta9 ! foll[+ in=mation3 7,a7 ,! outcome goals ( ! project4 7,b7 ,a description ( ea* int]v5tion 9 ! project4 7,c7 ,! t>get population t w be s]v$ by ! project4 7,d7 ,! expect$ social b5efits to p>ticipants :o receive ! int]v5tion & o!rs :o may be impact$4 7,e7 ,! detail$ roles1 responsibilities1 & purposes ( ea* ,f$]al1 ,/ate1 or local gov]nm5t entity1 int]m$i>y1 s]vice provid]1 indep5d5t evaluator1 inve/or1 or o!r /akehold]4 7,f7 ,! paym5t t]ms1 me?odology us$ to calculate outcome paym5ts1 ! paym5t s*$ule1 & p]=mance ?re%olds4 7,g7 ,! project budget4 7,h7 ,! project timel9e4 7,i7 ,! project eligibility crit]ia4 7,j7 ,! evaluation design4 7,k7 ,! metrics us$ to det]m9e :e!r ! propos$ outcomes h be5 a*iev$ & h[ ^! metrics are measur$4 7#c7 ,a copy ( ! progress reports & ! f9al reports relat+ to ea* social impact pay = p]=mance contract project4 7#d7 ,an e/imate ( ! sav+s to ! ,f$]al1 ,/ate1 & local gov]nm5t1 on a program-by-program basis & 9 ! aggregate1 result+ f ! successful completion ( ! social impact pay = p]=mance contract project4 7#e7 ,a copy ( ! ,c\ncil's *>t]4 #bjei4 ,regulations ,! ,secret>y1 9 consultation ) ! ,f$]al ,int]ag5cy ,c\ncil on ,social ,impact ,pay = ,p]=mance ,contracts1 may issue regulations z necess>y to c>ry out ?is subtitle4 #bjfj4 ,,gao ,audits 7a7 ,au?ority ,to audit ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates may audit ! activities ( any ,/ate1 local gov]nm5t1 or nongov]nm5tal entity t receives funds "u ?is subtitle4 7b7 ,access to in=mation 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 ! ,comptroll] ,g5]al %all1 ^u reque/ & at su* reasonable "t & 9 su* reasonable =m z ! ,comptroll] ,g5]al may reque/1 h access to-- 7,a7 any records or o!r in=mation "u ! control ( or us$ by any ,/ate1 local gov]nm5t1 or nongov]nm5tal entity t receives funds "u ?is subtitle2 7,b7 any records or o!r in=mation "u ! control ( a p]son or entity act+ on behalf ( or "u ! au?ority ( a ,/ate1 local gov]nm5t1 or nongov]nm5tal entity t receives funds "u ?is subtitle1 to ! ext5t t su* records or o!r in=mation is relevant to an audit "u subsection 7a72 & 7,c7 ! (fic]s1 directors1 employees1 f9ancial advisors1 /aff1 work+ gr\ps1 & ag5ts & repres5tatives ( any ,/ate1 local gov]nm5t1 or nongov]nm5tal entity t receives funds "u ?is subtitle 7z relat$ to ! activities on behalf ( su* ,/ate1 local gov]nm5t1 or nongov]nm5tal entity ( su* ag5t or repres5tative71 at su* reasonable times z ! ,comptroll] ,g5]al may reque/4 7#b7 ,copies ,! ,comptroll] ,g5]al may make & reta9 copies ( su* books1 acc\nts1 & o!r records1 access to :i* is grant$ "u ?is section1 z ! ,comptroll] ,g5]al consid]s appropriate4 #bjfa4 ,def9itions ,9 ?is subtitle3 7#a7 ,ag5cy ,! t]m ag5cy has ! mean+ giv5 t t]m 9 section #eea ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,int]v5tion ,! t]m int]v5tion means a specific s]vice deliv]$ to a*ieve an impact ?r\gh a social impact pay = p]=mance contract project4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 7#d7 ,social impact pay = p]=mance contract project ,! t]m social impact pay = p]=mance contract project means a project t f9ances social s]vices us+ a social impact pay = p]=mance contract model4 7#e7 ,social impact pay = p]=mance contract model ,! t]m social impact pay = p]=mance contract model means a me?od ( f9anc+ social s]vices 9 :i*-- 7,a7 ,f$]al funds are aw>d$ to a ,/ate or local gov]nm5t only if a ,/ate or local gov]nm5t a*ieves c]ta9 outcomes agre$ ^u by ! ,/ate or local gov]nm5t & ! ,secret>y2 & 7,b7 ! ,/ate or local gov]nm5t coord9ates ) s]vice provid]s1 inve/ors 7if applicable to ! project71 & 7if necess>y7 an int]m$i>y to id5tify-- 7i7 an int]v5tion expect$ to produce ! outcome2 7ii7 a s]vice provid] to deliv] ! int]v5tion to ! t>get population2 & 7iii7 inve/ors to fund ! deliv]y ( ! int]v5tion4 7#f7 ,/ate ,! t]m ,/ate means ea* ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 ea* commonweal?1 t]ritory or possession ( ! ,unit$ ,/ates1 & ea* f$]ally recogniz$ ,indian tribe4 4 #c4 ,community ,re9ve/m5t ,act ,section #hjd ( ! ,community ,re9ve/m5t ,act ( #aigg 7#ab ,u4,s4,c4 #bijc7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,social impact pay = p]=mance contract projects ,9 assess+ & tak+ into acc\nt1 "u subsection 7a71 ! record ( a f9ancial in/itution1 ! appropriate ,f$]al f9ancial sup]visory ag5cy %all consid]1 z a factor1 inve/m5ts made by ! f9ancial in/itution 9 social impact pay = p]=mance contract projects "u subtitle ,c ( title ,,xx ( ! ,social ,security ,act4 4