,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #chci  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #bf1        
#bjag,ms4 ,kelly ( ,ill9ois 7= h]self1  
,mr4 ,pocan1 ,mr4 ,evans1 ,ms4 ,lee1    
,ms4 ,slaught]1 ,mr4 ,swalwell (        
,cali=nia1 ,mr4 ,ha/+s1 ,mr4            
,butt]field1 ,mr4 ,c>twright1 ,ms4      
,norton1 ,mrs4 ,lawr5ce1 ,ms4 ,moore1   
,mr4 ,ri*mond1 ,mr4 ,khanna1 ,mr4 ,scott
 ( ,virg9ia1 ,ms4 ,cl>ke ( ,new ,york1  
,mr4 ,cleav]1 ,mr4 ,meeks1 ,mr4 ,?ompson
 ( ,mississippi1 ,mr4 ,veasey1 ,ms4     
,sewell ( ,alabama1 ,ms4 ,mi*elle ,lujan
 ,gri%am ( ,new ,mexico1 ,mr4 ,ryan (   
,ohio1 ,ms4 ,ku/] ( ,new ,hamp%ire1 ,mr4
 ,gutirrez1 ,mr4 ,tonko1 ,ms4 ,adams1   
,ms4 ,plaskett1 ,mr4 ,wel*1 & ,ms4 ,e/y 
( ,connecticut7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means1 & 9 addition to ! ,committees  
on ,education & ! ,work=ce1             
,agriculture1 ,f9ancial ,s]vices1 ,small
 ,bus9ess1 ,en]gy & ,comm]ce1 !         
,judici>y1 & ,ov]sight & ,gov]nm5t      

,re=m1 = a p]iod to be subsequ5tly      
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to address sl[ economic gr[? &
 spur inve/m5t & developm5t 9 und]s]v$  
communities across ,am]ica4  #a4 ,%ort  
title2 table ( cont5ts  7a7 ,%ort title 
,?is ,act may be cit$ z ! ,today's      
,am]ican ,dream ,act4  7b7 ,table (     
cont5ts ,! table ( cont5ts = ?is ,act is
 z foll[s3  ,sec4 #a4 ,%ort title2 table
 ( cont5ts4 ,title ,i--,work=ce         
,inve/m5t ,sec4 #aja4 ,job skills tra9+ 
= old] individuals4 ,sec4 #ajb4         
,ext5sion ( "w opportunity tax cr$it =  
c]ta9 t>get$ gr\ps4 ,sec4 #ajc4 ,y\? &  
summ] jobs4 ,sec4 #ajd4 ,youth,build    
program4 ,sec4 #aje4 ,tax cr$it =       
provid+ programs = /ud5ts t promote     
economic & f9ancial lit]acy4 ,sec4 #ajf4
 ,tea*] recruit+4 ,sec4 #ajg4           
,recidivism r$uction work+ gr\p4 ,sec4  
#ajh4 ,comm5dable release program4 ,sec4
 #aji4 ,increase 9 ,"w ,opportunity ,tax

 ,cr$it = hir+ qualifi$ ex-felons4 ,sec4
 #aaj4 ,ext5sion ( "w opportunity tax   
cr$it = c]ta9 t>get$ gr\ps4 ,sec4 #aaa4 
,entrepr5eur%ip appr5tice%ips4 ,sec4    
#aab4 ,expansion ( eligible programs4   
,title ,,ii--,community ,inve/m5t       
,subtitle ,a--,h\s+ ,sec4 #bja4 ,h\s+ & 
comm]cial developm5t4 ,subtitle         
,b--,retail ,r$l9+ & ,food ,des]ts ,sec4
 #bba4 ,economic gr[?1 ret5tion1 &      
recruitm5t ( comm]cial inve/m5t 9       
economically und]s]v$ communities4 ,sec4
 #bbb4 ,produc] discretion to plant     
additional fruits & vegetables on base  
acres to alleviate food des]ts )\t a    
result+ r$uction 9 paym5t acres4        
,subtitle ,c--,digital infra/ructure    
,sec4 #bca4 ,,gao report on ,f$]al ef=ts
 to exp& broadb& s]vice4 ,subtitle      
,d--,direct l5d+ ,sec4 #bda4 ,direct    
loans to small bus9ess conc]ns4 ,title  
,,iii--,new ,economy & ,innovation      
,inve/m5t ,sec4 #cja4 ,commission on    
,innovation4 ,sec4 #cjb4 ,pilot program 
to fund local incubators4 ,sec4 #cjc4   

,ext5sion & improvem5t ( new m>kets tax 
cr$it4 ,sec4 #cjd4 ,race to ! ,%op4     
,title ,,iv--,exp&$ ,access to ,c>e     
,sec4 #dja4 ,/udy on ! un9sur$4 ,sec4   
#djb4 ,volunte] d5tal projects & action 
= d5tal heal? program4 ,sec4 #djc4      
,critical access hospital improvem5ts4  
,sec4 #djd4 ,community heal? c5t]       
collaborative access expansion4  ,i     
,work=ce ,inve/m5t  #aja4 ,job skills   
tra9+ = old] individuals  7a7 ,t>get$   
pilot program ,! ,secret>y ( ,labor %all
 e/abli% a pilot program pursuant to    
section #afi7;b7 ( ! ,work=ce ,inve/m5t 
& ,opportunity ,act 7#bi ,u4,s4,c4      
#cbbd7;b77 to provide grants to entities
 eligible "u su* section to provide job 
skills tra9+ to & specific = old]       
individuals1 p>ticul>ly 9 ! areas (     
comput] lit]acy1 advanc$ comput]        
op]ations1 & resume writ+4  7b7         
,def9ition ,= purposes ( ! program      
e/abli%$ "u subsection 7a71 ! t]m old]  
individual means an individual :o is    
old] ?an #de ye>s ( age4  #ajb4         

,ext5sion ( "w opportunity tax cr$it =  
c]ta9 t>get$ gr\ps  7a7 ,9 g5]al        
,subp>agraph 7,b7 ( section #ea7;c77#d7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by ins]t+ 7,decemb] #ca1 #bjbd1 9 
! case ( any memb] ( a t>get$ gr\p      
describ$ 9 subp>agraph 7,b71 7,c71 7,e71
 7,f71 or 7,g77 be=e ! p]iod at ! end4  
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to individuals :o
 beg9 "w = ! employ] aft] ,decemb] #ca1 
#bjai4  #ajc4 ,y\? & summ] jobs  7a7    
,int]n wage cr$it  7#a7 ,9 g5]al ,subp>t
 ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     
section3  #de,s4 ,int]n wage cr$it  7a7 
,9 g5]al ,= purposes ( section #ch1 9 ! 
case ( an eligible small bus9ess        
employ]1 ! int]n wage cr$it = any       
taxable ye> is an am\nt equal to #aj    
p]c5t ( ! wages paid by ! taxpay] dur+  
su* taxable ye> to qualifi$ int]ns = :om
 an election is 9 effect "u ?is section4
  7b7 ,limitations  7#a7 ,cr$it ,! cr$it

 all[$ "u subsection 7a7 ) respect to   
any taxpay] = any taxable ye> %all n    
exce$ an am\nt equal to ! excess 7if    
any7 (--  7,a7 #c1jjj1 ov]  7,b7 ! cr$it
 all[$ "u subsection 7a7 ) respect to   
su* taxpay] = all prec$+ taxable ye>s4  
7#b7 ,int]ns ,an election may n be made 
"u ?is section ) respect to m ?an #e    
qualifi$ int]ns = any taxable ye>4  7c7 
,def9itions & special rules ,= purposes 
( ?is section-- 7#a7 ,eligible small    
employ] ,! t]m eligible small employ]   
means any p]son :i* employ$ n m ?an #ejj
 employees dur+ ! prec$+ taxable ye>4   
,rules simil> to ! rules ( section      
#ddh7;c77#c7 %all apply4  7#b7 ,eligible
 wages ,! t]m eligible wages means any  
remun]ation paid by ! taxpay] to an     
individual = s]vices r5d]$ z an         
employee4  7#c7 ,qualifi$ int]n ,! t]m  
qualifi$ int]n means any individual :o1 
dur+ ! p]iod = :i* wages are tak5 into  
acc\nt "u subsection 7a71 is--  7,a7    
enroll$ at an eligible educational      
in/itution 7z def9$ 9 section           

#be;,a7f77#b771  7,b7 seek+ a degree at 
su* in/itution 9 a field ( /udy closely 
relat$ to ! "w p]=m$ = ! taxpay]1 &     
7,c7 sup]vis$ & evaluat$ by ! taxpay]4  
7#d7 ,controll$ gr\p ,all p]sons treat$ 
z a s+le employ] "u subsection 7a7 or   
7b7 ( section #eb %all be treat$ z a    
s+le employ] = purposes ( ?is section4  
7#e7 ,relat$ individuals ineligible     
,rules simil> to ! rules ( section      
#ea7;i77#a7 %all apply = purposes ( ?is 
section4  4  7#b7 ,con=m+ am5dm5ts  7,a7
 ,section #ch7;b7 ( su* ,code is am5d$  
by /rik+ plus at ! end ( p>agraph 7#ce71
 by /rik+ ! p]iod at ! end ( p>agraph   
7#cf7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cg7 !     
int]n wage cr$it "u section #de,s7a74  4
  7,b7 ,! table ( sections = subp>t ,d (
 "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* 
,code is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #de,s4 ,int]n wage    
cr$it4  4  7#c7 ,effective date ,!      
am5dm5ts made by ?is subsection %all    
apply to taxable ye>s beg9n+ aft] ! date

 ( ! enactm5t ( ?is ,act4  #ajd4        
,youth,build program ,section #aga ( !  
,work=ce ,innovation & ,opportunity ,act
 7#bi ,u4,s4,c4 #cbbf7 is am5d$ by add+ 
at ! end ! foll[+3  7j7 ,c>ry-,ov]      
au?ority ,any am\nts grant$ to an entity
 "u ?is section = a fiscal ye> may1 at !
 discretion ( ! entity1 rema9 available 
= exp5diture dur+ ! succe$+ fiscal ye>  
to c>ry out programs "u ?is section4  4 
#aje4 ,tax cr$it = provid+ programs =   
/ud5ts t promote economic & f9ancial    
lit]acy  7a7 ,9 g5]al ,subp>t ,d ( "p   
,,iv ( sub*apt] ,a ( *apt] #a ( !       
,int]nal ,rev5ue ,code ( #aihf 7relat+  
to bus9ess-relat$ cr$its71 z am5d$ by   
?is ,act1 is am5d$ by add+ at ! end !   
foll[+ new section3  #de,t4 ,excell5ce 9
 economic education  7a7 ,g5]al rule ,9 
! case ( an eligible = pr(it            
organization1 = purposes ( section #ch1 
! excell5ce 9 economic education cr$it  
det]m9$ "u ?is section = a taxable ye>  
is #ej p]c5t ( ! am\nt paid or incurr$  
dur+ ! taxable ye> to c>ry out !        

purposes specifi$ 9 section #eecc7;b7 ( 
! ,elem5t>y & ,second>y ,education ,act 
( #aife 7#bj ,u4,s4,c4 #gbfg;b7b77 7z   
su* section 0 9 effect on ! day be=e !  
date ( enactm5t ( ! ,e ,/ud5t ,succe$s  
,act7 pursuant to a qualifi$ program4   
7b7 ,limitation on numb] ( cr$it        
recipi5ts  7#a7 ,9 g5]al ,! excell5ce 9 
economic education cr$it det]m9$ "u ?is 
section = a taxable ye> may be all[$ to 
n m ?an #bj = pr(it organizations 9     
accordance ) p>agraph 7#b74  7#b7 ,cr$it
 aw>d by ,secret>y  7,a7 ,9 g5]al ,!    
,secret>y 79 consultation ) ! ,secret>y 
( ,education7 %all det]m9e :i* = pr(it  
organizations are all[$ ! cr$it "u ?is  
section = a taxable ye> 9 su* mann] z ! 
,secret>y det]m9es appropriate4  7,b7   
,majority ( recipi5ts mu/ be            
,m,w,o,s,bs1 own$ by vet]ans1 or meet   
asset te/ ,9 c>ry+ out subp>agraph 7,a71
 ! majority ( ! taxpay]s all[$ a cr$it  
"u p>agraph 7#a7 = a taxable ye> %all be
 entities t are--  7i7 ei!r-- 7,i7 a    
socially & economically disadvantag$    

small bus9ess conc]n 7z def9$ 9 section 
#h7;a77#d77;,a7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcg7;a77#d77;,a7771    
7,,ii7 a small bus9ess conc]n own$ &    
controll$ by wom5 7z def9$ "u section   
#c7n7 ( su* ,act 7#ae ,u4,s4,c4         
#fcb7n7771 or  7,,iii7 a small bus9ess  
conc]n 7z us$ 9 section #c ( su* ,act   
7#ae ,u4,s4,c4 #fcb77 t is at lea/ #ea  
p]c5t own$ by vet]ans 7z def9$ 9 section
 #aja7b7 ( title #ch1 ,unit$ ,/ates     
,code71 or  7ii7 on ! fir/ day ( !      
taxable ye> d n h m ?an #fj1jjj1jjj1jjj 
9 assets4  7,c7 ,priority ,9 mak+       
det]m9ations "u ?is p>agraph1 !         
,secret>y %all give priority to taxpay]s
 t h qualifi$ programs :i* s]ve ei!r    
urban or rural und]s]v$ areas 7det]m9$  
on ! basis ( ! mo/ rec5t ,unit$ ,/ates  
c5sus data available74  7c7 ,limitations
 relat+ to exp5ditures  7#a7 ,direct    
activity ,tw5ty-five p]c5t ( ! am\nt    
all[$ z a cr$it "u subsection 7a7 %all  
be = am\nts paid or incurr$ = direct    
activities z def9$ 9 section            

#eecc7;b77#a7 ( ! ,elem5t>y & ,second>y 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#gbfg;b7b77#a777;z 9 effect on ! day    
be=e ! date ( enactm5t ( ! ,e ,/ud5t    
,succe$s ,act74  7#b7 ,subgrants        
,sev5ty-five p]c5t ( ! am\nt all[$ z a  
cr$it "u subsection 7a7 %all be = am\nts
 paid or incurr$ = subgrants 7z def9$ 9 
section #eecc7;b77#b7 ( ! ,elem5t>y &   
,second>y ,education ,act ( #aife 7#bj  
,u4,s4,c4 #gbfg;b7b77#a771 z 9 effect on
 ! day be=e ! date ( enactm5t ( ! ,e    
,/ud5t ,succe$s ,act71 det]m9$ by treat+
 am\nts s paid or incurr$ z funds made  
available ?r\gh a grant4  7d7           
,def9itions & special rules ,= purposes 
( ?is section-- 7#a7 ,qualifi$ program  
,! t]m qualifi$ program means a program 
9 writ+ "u :i* an eligible = pr(it      
organization aw>ds "o or m grants = !   
purpose ( c>ry+ out ! objectives (      
promot+ economic & f9ancial lit]acy1 z  
specifi$ 9 section #eecb ( ! ,elem5t>y &
 ,second>y ,education ,act ( #aife 7#bj 
,u4,s4,c4 #gbfg;a71 t meet ! requirem5ts

 ( section #eecc ( ! ,elem5t>y &        
,second>y ,education ,act ( #aife 7#bj  
,u4,s4,c4 #gbfg;b71 z su* sections are 9
 effect on ! day be=e ! date ( enactm5t 
( ! ,e ,/ud5t ,succe$s ,act4  7#b7      
,eligible = pr(it organization ,! t]m   
eligible = pr(it organization means )   
respect to a taxable ye>1 an            
organization t-- 7,a7 has a qualifi$    
program 9 effect = ! taxable ye>1 &     
7,b7 has be5 det]m9$ by ! ,secret>y "u  
subsection 7b77#b7 to be an organization
 to :om ! cr$it is all[$ = ! taxable    
ye>4  7#c7 ,det]m9ation ( assets ,=     
purposes ( p>agraph 7#b77;,b71 9 det]m9+
 assets1 ! ,secret>y %all use ! same    
me?od us$ by ! ,bo>d ( ,gov]nors ( !    
,f$]al ,res]ve ,sy/em to det]m9e a bank 
hold+ company's consolidat$ assets "u   
section #afe ( ! ,f9ancial ,/ability    
,act ( #bjaj 7#ab ,u4,s4,c4 #ecfe74     
7#d7 ,election n to claim cr$it ,?is    
section %all n apply to a taxpay] = any 
taxable ye> if su* taxpay] elects to h  
?is section n apply = su* taxable ye>4  

7#e7 ,coord9ation ) o!r d$uctions or    
cr$its ,! am\nt ( any d$uction or cr$it 
o!rwise all[able "u ?is *apt] = any     
am\nt tak5 into acc\nt = purposes (     
subsection 7a7 %all be r$uc$ by ! cr$it 
all[$ by ?is section4  7e7 ,regulations 
,! ,secret>y %all issue su* regulations 
or o!r guidance z may be necess>y or    
appropriate to c>ry out ?is section4  4 
7b7 ,cr$it made "p ( g5]al bus9ess cr$it
 ,subsection 7b7 ( section #ch ( su*    
,code1 z am5d$ by ?is ,act1 is am5d$ by 
/rik+ plus at ! end ( p>agraph 7#cf71 by
 /rik+ ! p]iod at ! end ( p>agraph 7#cg7
 & ins]t+ 1 plus1 & by add+ at ! end !  
foll[+ new p>agraph3  7#ch7 ! excell5ce 
9 economic education cr$it det]m9$ "u   
section #de,t7a74  4  7c7 ,cl]ical      
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #de,t4          
,excell5ce 9 economic education4  4  7d7
 ,report  7#a7 ,9 g5]al ,! ,secret>y ( !
 ,treasury 7or ! ,secret>y's delegate7  

%all submit a report on-- 7,a7 :e!r !   
cr$it = excell5ce 9 economic education  
7z enact$ by subsection 7a7 ( ?is       
section7 has result$ 9 increas$ inve/m5t
 9 f9ancial lit]acy programs2 &  7,b7   
recomm5dations 7if any7 = improv+ su*   
cr$it to make x m effective4  7#b7      
,submission to ,congress ,n lat] ?an #e 
ye>s aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y ( ! ,treasury 7or !   
,secret>y's delegate7 %all submit !     
report requir$ by p>agraph 7#a7 to !    
,secret>y ( ,education1 ! ,committee on 
,education & ,work=ce1 ! ,committee on  
,f9ancial ,s]vices1 & ! ,committee on   
,ways & ,means ( ! ,h\se (              
,repres5tatives & ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions1 
! ,committee on ,bank+1 ,h\s+1 & ,urban 
,affairs1 & ! ,committee on ,f9ance ( ! 
,s5ate4  7e7 ,effective date ,! am5dm5ts
 made by ?is section %all apply to      
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act4  #ajf4 ,tea*]      
recruit+  7a7 ,purpose ,x is ! purpose (

 ?is section to enc\rage individuals    
educat$ 9 sci5ce1 te*nology1 eng9e]+1 & 
ma!matics to ent] & cont9ue 9 ! tea*+   
pr(ession1 ) ! goal ( attract+ #aj1jjj (
 ,am]ica's brighte/ /ud5ts to ! tea*+   
pr(ession ov] ! next #e ye>s4  7b7      
,s*ol>%ips ,title ,,ii ( ! ,high]       
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajba et seq47 is am5d$-- 7#a7 by       
r$esignat+ "p ,c z "p ,e2  7#b7 by      
r$esignat+ section #bfa z section #bha2 
&  7#c7 by ins]t+ aft] "p ,b ! foll[+   
new "p3  ,c ,,/em ,tea*] ,s*ol>%ips     
#bfa4 ,program e/abli%$ ,! ,secret>y    
%all aw>d s*ol>%ips1 on a competitive   
basis & 9 accordance ) ?is "p1 to /ud5ts
 :o are enroll$ 9 /udies lead+ to       
ba*elor's degrees1 ) concurr5t          
c]tification z k9d]g>t51 elem5t>y1 &    
second>y s*ool tea*]s1 9 sci5ce1        
te*nology1 eng9e]+1 & ma!matics1 & :o h 
agre$ to p]=m qualifi$ s]vice4  #bfb4   
,selection ( recipi5ts  7a7 ,selection  
crit]ia ,! ,secret>y %all develop       
selection crit]ia t ! ,secret>y w use to

 aw>d s*ol>%ips1 & to r5ew ^? aw>ds1    
bas$ on e/abli%$ measurem5ts ( m]it     
available to second>y /ud5ts :o wi% to  
pursue degrees 9 sci5ce1 te*nology1     
eng9e]+1 & ma!matics4  7b7 ,applications
 ,any /ud5t desir+ to receive a s*ol>%ip
 "u ?is "p %all submit an application to
 ! ,secret>y at su* "t1 9 su* mann]1 &  
conta9+ su* in=mation z ! ,secret>y may 
require4  7c7 ,duration ( ,s*ol>%ips2   
,r5ewal ,s*ol>%ips %all be aw>d$ = only 
"o academic ye> ( /udy at a "t1 & %all  
be r5ewable on an annual basis = !      
e/abli%$ l5g? ( ! recipi5t's academic   
program1 n to exce$ #f academic ye>s4 ,!
 ,secret>y %all condition ! r5ewal (    
s*ol>%ips on measures ( academic        
progress & a*ievem5t4  #bfc4 ,qualifi$  
s]vice requirem5t  7a7 ,qualifi$ s]vice 
agreem5t ,any /ud5t :o receives a       
s*ol>%ip "u ?is "p %all ent] into an    
agreem5t ) ! ,secret>y to complete no   
less ?an #e academic ye>s ( qualifi$    
s]vice dur+ a #g-ye> p]iod1 to beg9 no  
lat] ?an #ab mon?s foll[+ ! completion (

 a ba*elor's degree 9 sci5ce1 te*nology1
 eng9e]+1 or ma!matics4  7b7 ,requirem5t
 en=c$ ,! ,secret>y %all e/abli% su*    
requirem5ts z ! ,secret>y f9ds necess>y 
to ensure t recipi5ts ( s*ol>%ips "u ?is
 subsection :o complete ba*elor's       
degrees 9 sci5ce1 te*nology1 eng9e]+1 & 
ma!matics1 ) tea*] c]tification1        
subsequ5tly p]=m #e academic ye>s (     
qualifi$ s]vice dur+ a #g-ye> p]iod1 or 
repay ! portion ( ! s*ol>%ip receiv$ =  
:i* ! recipi5t did n p]=m ! requir$     
qualifi$ s]vice1 z det]m9$ by !         
,secret>y4 ,! ,secret>y %all use any su*
 repaym5ts to c>ry out additional       
activities "u ?is "p4  7c7 ,def9ition ,=
 ! purpose ( ?is section1 ! t]m qualifi$
 s]vice means full-"t employm5t at a    
public or private k9d]g>t51 elem5t>y    
s*ool1 or second>y s*ool z a tea*] ( a  
c\rse 9 a sci5ce1 te*nology1 eng9e]+1 or
 ma!matics field4  #bfd4 ,aw>ds  7a7    
,s*ol>%ip aw>d ,! ,secret>y %all provide
 ea* recipi5t ) a s*ol>%ip 9 ! am\nt (  
up to #bj1jjj to pay = ! co/ ( att5dance

 ( ! /ud5t = ea* academic ye> ! /ud5t is
 eligible to receive ! s*ol>%ip4 ,!     
,secret>y %all transf] su* funds to !   
in/itution ( high] education at :i* !   
recipi5t is enroll$4  7b7 ,bonus aw>d   
7#a7 ,option = bonus aw>d ,any /ud5t :o 
receives a s*ol>%ip "u ?is "p may elect 
to ent] into a bonus agreem5t ) !       
,secret>y1 9 accordance ) ?is           
subsection1 = any academic ye> dur+ :i* 
! /ud5t receives a s*ol>%ip "u ?is "p4  
7#b7 ,bonus agreem5t ,a bonus agreem5t  
"u p>agraph 7#a7 %all provide t-- 7,a7 !
 /ud5t %all p]=m "o academic ye> ( !    
qualifi$ s]vice agre$ to "u section     
#bfc7;a7 9 a high-ne$ local educational 
ag5cy1 z def9$ 9 section #bjj2 &  7,b7 !
 ,secret>y %all provide #aj1jjj1 9      
addition to ! am\nt ! /ud5t receives "u 
subsection 7a71 = ea* academic ye> 9 :i*
 ! /ud5t ent]s into su* bonus agreem5t4 
7#c7 ,s]vice requirem5t en=c$ ,!        
,secret>y %all e/abli% su* requirem5ts z
 ! ,secret>y f9ds necess>y to ensure t  
recipi5ts ( bonuses "u ?is subsection   

fulfill ! qualifi$ s]vice requirem5t 9 a
 high-ne$ local educational ag5cy1 z    
def9$ 9 section #bjj1 = a p]iod ( "t    
equival5t to ! p]iod = :i* ! recipi5t   
receives ! bonus1 or repays ! portion ( 
! bonus receiv$ = :i* ! recipi5t did n  
p]=m ! requir$ qualifi$ s]vice 9 a      
high-ne$ local educational ag5cy1 z     
det]m9$ by ! ,secret>y4 ,! ,secret>y    
%all use any su* repaym5ts to c>ry out  
additional activities "u ?is subsection4
  7c7 ,maximum aw>d ,! maximum aw>d any 
/ud5t may receive "u ?is section = an   
academic ye> %all be ! /ud5t's co/ (    
att5dance m9us any grant aid su* /ud5t  
receives f s\rces o!r ?an ?is section4  
#bfe4 ,regulations ,! ,secret>y is      
au?oriz$ to issue su* regulations z may 
be necess>y to c>ry out ! provisions (  
?is "p4  4  7c7 ,in/itutional grants =  
,integrat$ ,degree ,programs ,title ,,ii
 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajba et seq47 is fur!r am5d$
 by ins]t+ aft] "p ,c1 z add$ by        
subsection 7b7 ( ?is section1 ! foll[+  

new "p3  ,d ,integrat$ ,degree ,programs
  #bga4 ,program au?oriz$  7a7 ,9 g5]al 
,! ,secret>y is au?oriz$ to aw>d grants 
to in/itutions ( high] education1 on a  
competitive basis1 9 ord] to pay = !    
,f$]al %>e ( ! co/ ( projects to        
e/abli%1 /r5g!n1 & op]ate #d-ye>        
und]graduate degree programs ?r\gh :i*  
/ud5ts may concurr5tly--  7#a7 e>n a    
ba*elor's degree 9 sci5ce1 te*nology1   
eng9e]+1 or ma!matics2 &  7#b7 be       
c]tifi$ to tea* k9d]g>t51 elem5t>y1 or  
second>y s*ool4  7b7 ,grant am\nt2 ,aw>d
 p]iod ,! ,secret>y may aw>d grants to  
no m ?an #ej in/itutions ( high]        
education ea* fiscal ye>1 & a grant to  
an in/itution = a fiscal ye> %all n     
exce$ #a1jjj1jjj4 ,grants %all be aw>d$ 
= only "o fiscal ye> at a "t1 & %all be 
r5ewable on an annual basis = up to #e  
ye>s4  #bgb4 ,selection ( grant         
recipi5ts  7a7 ,crit]ia ,! ,secret>y    
%all set crit]ia to evaluate !          
applications = grants "u ?is "p & !     
projects propos$ to e/abli%1 /r5g!n1 &  

op]ate #d-ye> integrat$ und]graduate    
degree programs4  7b7 ,equitable        
di/ribution ( grants ,to ! ext5t        
practicable & consi/5t ) ! crit]ia "u   
subsection 7a71 ! ,secret>y %all make   
grants "u ?is "p 9 su* mann] z to a*ieve
 an equitable di/ribution ( ! grant     
funds ?r\gh\t ! ,unit$ ,/ates1 consid]+ 
geographic di/ribution1 rural & urban   
areas1 & range & type ( in/itutions4    
#bgc4 ,application requirem5ts ,9 ord]  
to receive a grant "u ?is "p1 an        
in/itution ( high] education %all submit
 an application to ! ,secret>y at su*   
"t1 9 su* mann]1 & conta9+ su* in=mation
 z ! ,secret>y may require4 ,su*        
application %all include ! foll[+3  7#a7
 ,a description ( ! propos$ project4    
7#b7 ,a demon/ration (--  7,a7 !        
commitm5t1 includ+ ! f9ancial commitm5t1
 ( ! in/itution = ! propos$ project2 &  
7,b7 ! active support ( ! lead]%ip ( !  
in/itution = ! propos$ project4  7#c7 ,a
 description ( h[ ! propos$ project w be
 cont9u$ aft] ,f$]al funds are no long] 

aw>d$ "u ?is "p = ! project4  7#d7 ,a   
plan = ! evaluation ( ! project1 :i*    
%all include b5*m>ks to monitor progress
 t[>d specific project objectives4      
#bgd4 ,mat*+ requirem5t ,ea* in/itution 
( high] education receiv+ a grant "u ?is
 "p %all provide1 f non-,f$]al s\rces1  
an am\nt equal to ! am\nt ( ! grant 79  
ca% or 9-k9d7 to c>ry out ! project     
support$ by ! grant4  #bge4             
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ to c>ry out  
?is "p #ej1jjj1jjj = ea* ( ! fiscal ye>s
 #bjah ?r\gh #bjbc4  4  #ajg4           
,recidivism r$uction work+ gr\p  7a7    
,e/abli%m5t ,!re is e/abli%$ a work+    
gr\p1 :i* %all consi/ ( repres5tatives (
 ! heads ( ! ,dep>tm5t ( ,ju/ice1 !     
,dep>tm5t ( ,labor1 ! ,dep>tm5t ( ,h\s+ 
& ,urban ,developm5t1 & ! ,dep>tm5t (   
,education4 ,! work+ gr\p %all id5tify &
 analyze practices to r$uce recidivism4 
,! ,attorney ,g5]al %all *air ! gr\p1   
:i* %all meet once ea* mon? = ! fir/ #c 
mon?s aft] ! date ( its e/abli%m5t1 &   

once e #c mon?s !reaft]4  7b7 ,report ,n
 lat] ?an #a ye> aft] ! date ( !        
enactm5t ( ?is ,act1 & #e ye>s !reaft]1 
! work+ gr\p e/abli%$ "u subsection 7a7 
%all submit to ,congress & to !         
,presid5t a report :i* describes !      
recomm5dations ( ! work+ gr\p = r$uc+   
recidivism4  7c7 ,au?orization (        
appropriations ,!re is au?oriz$ to be   
appropriat$ #a1jjj1jjj to ! work+ gr\p =
 ea* ( fiscal ye>s #bjah ?r\gh #bjbb to 
c>ry out ?is subsection4  #ajh4         
,comm5dable release program  7a7 ,9     
g5]al ,n lat] ?an #ahj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,attorney    
,g5]al1 9 consultation ) ! heads ( !    
appropriate ag5cies1 %all e/abli% a     
program "u :i* an individual :o 0       
convict$ ( a ,f$]al (f5se :i* is        
classifi$ z a felony1 & :o has          
successfully complet$ 8 or h] s5t5ce1   
may apply to receive b5efits "u !       
programs describ$ 9 subsection 7b74 ,any
 individual :o has be5 convict$ ( a     
felony = :i* ! maximum s5t5ce is t5 or m

 ye>s ( imprisonm5t1 any crime ( viol5ce
 7z su* t]m is def9$ 9 section #af (    
title #ah1 ,unit$ ,/ates ,code71 or any 
crime ( reckless driv+ or ( driv+ :ile  
intoxicat$ or "u ! influ5ce ( alcohol or
 ( prohibit$ sub/ances if su* crime     
involves p]sonal injury to ano!r4  7b7  
,programs describ$ ,! programs describ$ 
9 ?is subsection are ! foll[+3 7#a7     
,,tanf ,assi/ance "u a ,/ate program    
fund$ "u "p ,a ( title ,,iv ( ! ,social 
,security ,act4  7#b7 ,,snap ,!         
supplem5tal nutrition assi/ance program 
"u ! ,food & ,nutrition ,act ( #bjjh 7#g
 ,u4,s4,c4 #bjaa et seq474  7#c7 ,h\s+  
,any program ( ! ,dep>tm5t ( ,h\s+ &    
,urban ,developm5t or ! ,dep>tm5t (     
,agriculture provid+ h\s+ or assi/ance =
 h\s+1 includ+ any program = dwell+     
units1 r5tal assi/ance1 grants1 loans1  
subsidies1 mortgage insurance1          
gu>antees1 or o!r f9ancial assi/ance4   
#aji4 ,increase 9 ,"w ,opportunity ,tax 
,cr$it = hir+ qualifi$ ex-felons  7a7 ,9
 g5]al ,section #ea7;b77#c7 ( ! ,int]nal

 ,rev5ue ,code ( #aihf is am5d$ by      
ins]t+ or any individual :o is a        
qualifi$ ex-felon aft] subsection       
7d77#c77;,a77ii77,i74  7b7 ,effective   
date ,! am5dm5t made by subsection 7a7  
%all apply to individuals :o beg9 "w = !
 employ] aft] ! date ( ! enactm5t ( ?is 
,act1 9 taxable ye>s end+ aft] su* date4
  #aaj4 ,ext5sion ( "w opportunity tax  
cr$it = c]ta9 t>get$ gr\ps  7a7 ,9 g5]al
 ,section #ea7;c77#d7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 7,decemb] #ca1 #bjbd1 9 ! case ( any   
memb] ( a t>get$ gr\p describ$ 9        
subp>agraph 7,c71 7,e71 7,f71 or 7,g7 ( 
subsection 7d77#a77 be=e ! p]iod at !   
end4  7b7 ,effective date ,! am5dm5t    
made by ?is section %all apply to       
individuals :o beg9 "w = ! employ] aft] 
,decemb] #ca1 #bjai4  #aaa4             
,entrepr5eur%ip appr5tice%ips ,! ,act ( 
,augu/ #af1 #aicg 7commonly kn[n z !    
,national ,appr5tice%ip ,act2 #ej ,/at4 
#ffd1 *apt] #ffc2 #bi ,u4,s4,c4 #ej et  
seq471 is am5d$ by add+ ! end ! foll[+3 

#e4 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ #ij1jjj =
 ea* ( fiscal ye>s #bjah1 #bjai1 #bjbj1 
& #bjba4  4  #aab4 ,expansion ( eligible
 programs ,! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajja et seq47 is  
am5d$-- 7#a7 9 section #dha7;b71 by add+
 at ! end ! foll[+3  7#e7  7,a7 ,=      
purposes ( p>ts ,d & ,e1 ! t]m eligible 
program includes a program ( n less ?an 
#bej clock h\rs ( in/ruction1 (f]$ dur+ 
a m9imum ( #e weeks ( in/ruction t leads
 an indu/ry-recogniz$ cr$5tial4  7,b7 ,9
 ?is p>agraph1 ! t]m indu/ry-recogniz$  
cr$5tial means an indu/ry-recogniz$     
cr$5tial t-- 7i7 is demon/rat$ to be (  
high quality by ! in/itution (f]+ !     
program 9 ! program p>ticipation        
agreem5t "u section #dhg2  7ii7 meets ! 
curr5t1 z ( ! date ( ! det]m9ation1 or  
project$ ne$s ( a local or regional     
work=ce = recruitm5t1 scre5+1 hir+1     
ret5tion1 or advancem5t purposes--  7,i7
 z det]m9$ by ! ,/ate 9 :i* ! program is
 locat$1 9 consultation ) bus9ess       

entities2 or  7,,ii7 z demon/rat$ by !  
in/itution (f]+ ! program lead+ to !    
cr$5tial2 &  7iii7 is1 :]e applicable1  
endors$ by a nationally recogniz$ trade 
association or organization repres5t+ a 
significant "p ( ! indu/ry or sector4  2
 &  7#b7 9 section #dhg7;a71 by add+ at 
! end ! foll[+3  7#cj7 ,9 ! case ( an   
in/itution t (f]s a program ( n less ?an
 #bej clock h\rs ( in/ruction1 (f]$ dur+
 a m9imum ( #e weeks ( in/ruction t     
leads an indu/ry-recogniz$ cr$5tial1 z  
provid$ "u section #dha7;b77#e71 !      
in/itution w demon/rate to ! ,secret>y t
 ! indu/ry-recogniz$ cr$5tial is ( high 
quality4  4  ,,ii ,community ,inve/m5t  
,a ,h\s+  #bja4 ,h\s+ & comm]cial       
developm5t  7a7 ,fir/-,"t homebuy] tax  
cr$it = economically di/ress$           
communities  7#a7 ,9 g5]al ,section #cf 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ to read z foll[s3  #cf4 ,fir/-"t  
homebuy] tax cr$it = economically       
di/ress$ communities  7a7 ,9 g5]al ,9 ! 
case ( an individual :o is a fir/-"t    

homebuy] ( a pr9cipal resid5ce 9 an     
economically di/ress$ community dur+ a  
taxable ye>1 !re %all be all[$ z a cr$it
 aga9/ ! tax impos$ by ?is subtitle =   
su* taxable ye> an am\nt equal to #aj   
p]c5t ( ! pur*ase price ( ! resid5ce4   
7b7 ,limitations  7#a7 ,doll> limitation
  7,a7 ,9 g5]al ,except z o!rwise       
provid$ 9 ?is p>agraph1 ! cr$it all[$ "u
 subsection 7a7 %all n exce$ #h1jjj4    
7,b7 ,m>ri$ individuals fil+ sep>ately  
,9 ! case ( a m>ri$ individual fil+ a   
sep>ate return1 subp>agraph 7,a7 %all be
 appli$ by sub/itut+ #d1jjj = #h1jjj4   
7,c7 ,o!r individuals ,if two or m      
individuals :o are n m>ri$ pur*ase a    
pr9cipal resid5ce1 ! am\nt ( ! cr$it    
all[$ "u subsection 7a7 %all be allocat$
 among su* individuals 9 su* mann] z !  
,secret>y may prescribe1 except t !     
total am\nt ( ! cr$its all[$ to all su* 
individuals %all n exce$ #h1jjj4  7,d7  
,special rule = long-"t resid5ts ( same 
pr9cipal resid5ce ,9 ! case ( a taxpay] 
to :om a cr$it "u subsection 7a7 is     

all[$ by reason ( subsection 7c77#g71   
subp>agraphs 7,a71 7,b71 & 7,c7 %all be 
appli$ by sub/itut+ #f1ejj = #h1jjj &   
#c1bej = #d1jjj4  7#b7 ,limitation bas$ 
on modifi$ adju/$ gross income  7,a7 ,9 
g5]al ,! am\nt all[able z a cr$it "u    
subsection 7a7 7det]m9$ )\t reg>d to ?is
 p>agraph7 = ! taxable ye> %all be r$uc$
 7b n bel[ z]o7 by ! am\nt :i* be>s !   
same ratio to ! am\nt :i* is s all[able 
z--  7i7 ! excess 7if any7 (-- 7,i7 !   
taxpay]'s modifi$ adju/$ gross income = 
su* taxable ye>1 ov]  7,,ii7 #abe1jjj   
7#bbe1jjj 9 ! case ( a jo9t return71    
be>s to  7ii7 #bj1jjj4  7,b7 ,modifi$   
adju/$ gross income ,= purposes (       
subp>agraph 7,a71 ! t]m modifi$ adju/$  
gross income means ! adju/$ gross income
 ( ! taxpay] = ! taxable ye> increas$ by
 any am\nt exclud$ f gross income "u    
section #iaa1 #ica1 or #icc4  7#c7      
,limitation bas$ on pur*ase price ,no   
cr$it %all be all[$ "u subsection 7a7 = 
! pur*ase ( any resid5ce if ! pur*ase   
price ( su* resid5ce exce$s #hjj1jjj4   

7#d7 ,age limitation ,no cr$it %all be  
all[$ "u subsection 7a7 ) respect to !  
pur*ase ( any resid5ce unless ! taxpay] 
has atta9$ age #ah z ( ! date ( su*     
pur*ase4 ,9 ! case ( any taxpay] :o is  
m>ri$ 7)9 ! mean+ ( section #ggjc71 !   
taxpay] %all be treat$ z meet+ ! age    
requirem5t ( ! prec$+ s5t5ce if !       
taxpay] or ! taxpay]'s sp\se meets su*  
age requirem5t4  7c7 ,def9itions ,=     
purposes ( ?is section-- 7#a7 ,fir/-"t  
homebuy] ,! t]m fir/-"t homebuy] means  
any individual if su* individual 7& if  
m>ri$1 su* individual's sp\se7 _h no    
pres5t own]%ip int]e/ 9 a pr9cipal      
resid5ce dur+ ! #c-ye> p]iod end+ on !  
date ( ! pur*ase ( ! pr9cipal resid5ce  
to :i* ?is section applies4  7#b7       
,pr9cipal resid5ce ,! t]m pr9cipal      
resid5ce has ! same mean+ z :5 us$ 9    
section #aba4  7#c7 ,economically       
di/ress$ community  7,a7 ,9 g5]al ,! t]m
 economically di/ress$ community means  
any area id5tifi$ z an economically     
di/ress$ community = purposes ( ?is     

section by ! ,secret>y ( ,h\s+ & ,urban 
,developm5t4  7,b7 ,factors to be tak5  
into acc\nt ,= purposes ( id5tify+ areas
 z economically di/ress$ communities =  
purposes ( ?is section1 ! ,secret>y (   
,h\s+ & ,urban ,developm5t %all take    
into acc\nt ! foll[+3  7i7 ,p]c5t ( !   
population 9 su* area :i* has atta9$ age
 #be & is )\t a high s*ool degree4  7ii7
 ,p]c5t ( habitable h\s+ 9 su* area t is
 unoccupi$1 exclud+ prop]ties t are =   
seasonal1 recreational1 or occasional   
use4  7iii7 ,p]c5t ( ! population 9 su* 
area :i* has atta9$ age #af & is n      
curr5tly employ$4  7iv7 ,p]c5t (        
population 9 su* area :i* is liv+ "u !  
pov]ty l9e4  7v7 ,ratio ( su* area's    
m$ian income to ! m$ian income ( ! ,/ate
 9 :i* su* area is locat$4  7vi7 ,p]c5t 
*ange 9 ! numb] ( employ$ individuals 9 
su* area 9 #bjac comp>$ to #bjaj4  7vii7
 ,p]c5t *ange 9 ! numb] ( bus9ess       
e/abli%m5ts 9 su* areas 9 #bjac comp>$  
to #bjaj4  7viii7 ,su* o!r factors z su*
 ,secret>y det]m9es appropriate4  7#d7  

,pur*ase  7,a7 ,9 g5]al ,! t]m pur*ase  
means any acquisition1 b only if-- 7i7 !
 prop]ty is n acquir$ f a p]son relat$  
to ! p]son acquir+ su* prop]ty 7or1 if  
m>ri$1 su* individual's sp\se71 &  7ii7 
! basis ( ! prop]ty 9 ! h&s ( ! p]son   
acquir+ su* prop]ty is n det]m9$-- 7,i7 
9 :ole or 9 "p by ref]5ce to ! adju/$   
basis ( su* prop]ty 9 ! h&s ( ! p]son f 
:om acquir$1 or  7,,ii7 "u section      
#ajad7;a7 7relat+ to prop]ty acquir$ f a
 dec$5t74  7,b7 ,con/ruction ,a resid5ce
 :i* is con/ruct$ by ! taxpay] %all be  
treat$ z pur*as$ by ! taxpay] on ! date 
! taxpay] fir/ occupies su* resid5ce4   
7#e7 ,pur*ase price ,! t]m pur*ase price
 means ! adju/$ basis ( ! pr9cipal      
resid5ce on ! date su* resid5ce is      
pur*as$4  7#f7 ,relat$ p]sons ,a p]son  
%all be treat$ z relat$ to ano!r p]son  
if ! relation%ip betwe5 su* p]sons w\ld 
result 9 ! disall[ance ( losses "u      
section #bfg or #gjg7;b7 7b1 9 apply+   
section #bfg7;b7 & 7c7 = purposes ( ?is 
section1 p>agraph 7#d7 ( section        

#bfg7;c7 %all be treat$ z provid+ t !   
family ( an individual %all include only
 8 sp\se1 ance/ors1 & l9eal desc5dants74
  7#g7 ,exception = long-"t resid5ts (  
same pr9cipal resid5ce ,9 ! case ( an   
individual 7&1 if m>ri$1 su*            
individual's sp\se7 :o has own$ & us$ ! 
same resid5ce z su* individual's        
pr9cipal resid5ce = any                 
#e-;consecutive-ye> p]iod dur+ ! #h-ye> 
p]iod end+ on ! date ( ! pur*ase ( a    
subsequ5t pr9cipal resid5ce1 su*        
individual %all be treat$ z a fir/-"t   
homebuy] = purposes ( ?is section )     
respect to ! pur*ase ( su* subsequ5t    
resid5ce4  7d7 ,exceptions ,no cr$it "u 
subsection 7a7 %all be all[$ to any     
taxpay] = any taxable ye> ) respect to !
 pur*ase ( a resid5ce if--  7#a7 !      
taxpay] is a nonresid5t ali51  7#b7 !   
taxpay] disposes ( su* resid5ce 7or su* 
resid5ce ceases to be ! pr9cipal        
resid5ce ( ! taxpay] 7&1 if m>ri$1 !    
taxpay]'s sp\se77 be=e ! close ( su*    
taxable ye>1  7#c7 a d$uction "u section

 #aea ) respect to su* taxpay] is       
all[able to ano!r taxpay] = su* taxable 
ye>1 or  7#d7 ! taxpay] fails to atta*  
to ! return ( tax = su* taxable ye> a   
prop]ly execut$ copy ( ! settlem5t      
/atem5t us$ to complete su* pur*ase4    
7e7 ,report+ ,if ! ,secret>y requires   
in=mation report+ "u section #fjde by a 
p]son describ$ 9 subsection 7e77#b7 !re(
 to v]ify ! eligibility ( taxpay]s = !  
cr$it all[able by ?is section1 !        
exception provid$ by section #fjde7;e7  
%all n apply4  7f7 ,recapture ( cr$it   
7#a7 ,9 g5]al ,if a taxpay] disposes ( !
 pr9cipal resid5ce ) respect to :i* a   
cr$it 0 all[$ "u subsection 7a7 7or su* 
resid5ce ceases to be ! pr9cipal        
resid5ce ( ! taxpay] 7&1 if m>ri$1 !    
taxpay]'s sp\se77 be=e ! end ( ! #e-ye> 
p]iod beg9n+ on ! date ( ! pur*ase ( su*
 resid5ce by ! taxpay]1 ! tax impos$ by 
?is *apt] = ! taxable ye> ( su*         
disposition or cessation %all be        
increas$ by ! am\nt ( ! cr$it s all[$4  
7#b7 ,limitation bas$ on ga9 ,9 ! case (

 ! sale ( ! pr9cipal resid5ce to a p]son
 :o is n relat$ to ! taxpay]1 ! increase
 9 tax det]m9$ "u p>agraph 7#a7 %all n  
exce$ ! am\nt ( ga9 7if any7 on su*     
sale4 ,solely = purposes ( ! prec$+     
s5t5ce1 ! adju/$ basis ( su* resid5ce   
%all be r$uc$ by ! am\nt ( ! cr$it all[$
 "u subsection 7a74  7#c7 ,exceptions   
7,a7 ,dea? ( taxpay] ,p>agraph 7#a7 %all
 n apply to any taxable ye> end+ aft] ! 
date ( ! taxpay]'s dea?4  7,b7          
,involunt>y conv]sion ,p>agraph 7a7 %all
 n apply 9 ! case ( a resid5ce :i* is   
compulsorily or involunt>ily conv]t$ 7)9
 ! mean+ ( section #ajcc7;a77 if !      
taxpay] acquires a new pr9cipal resid5ce
 dur+ ! #b-ye> p]iod beg9n+ on ! date ( 
! disposition or cessation ref]r$ to 9  
p>agraph 7#a74 ,p>agraph 7#a7 %all apply
 to su* new pr9cipal resid5ce dur+ !    
#e-ye> p]iod ref]r$ to !re9 9 ! same    
mann] z if su* new pr9cipal resid5ce 7 !
 conv]t$ resid5ce4  7,c7 ,transf]s      
betwe5 sp\ses or incid5t to divorce ,9 !
 case ( a transf] ( a resid5ce to :i*   

section #ajda7;a7 applies-- 7i7 p>agraph
 7#a7 %all n apply to su* transf]1 &    
7ii7 9 ! case ( taxable ye>s end+ aft]  
su* transf]1 p>agraph 7#a7 %all apply to
 ! transf]ee 9 ! same mann] z if su*    
transf]ee 7 ! transf]or 7& %all n apply 
to ! transf]or74  7#d7 ,jo9t returns ,9 
! case ( a cr$it all[$ "u subsection 7a7
 ) respect to a jo9t return1 half ( su* 
cr$it %all be treat$ z hav+ be5 all[$ to
 ea* individual fil+ su* return =       
purposes ( ?is subsection4  7#e7 ,return
 requirem5t ,if ! tax impos$ by ?is     
*apt] = ! taxable ye> is increas$ "u ?is
 subsection1 ! taxpay] %all1 not)/&+    
section #fjab1 be requir$ to file a     
return ) respect to ! taxes impos$ "u   
?is subtitle4  7g7 ,application (       
section ,?is section %all only apply to 
a pr9cipal resid5ce pur*as$ by ! taxpay]
 aft] ,decemb] #ca1 #bjag1 & be=e       
,janu>y #a1 #bjbj4  4  7#b7 ,cl]ical    
am5dm5t ,! table ( sections = subp>t ,c 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by /rik+ ! item relat+  

to section #cf & ins]t+ ! foll[+ new    
item3  ,sec4 #cf4 ,fir/-"t homebuy] tax 
cr$it = economically di/ress$           
communities4  4  7#c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to pr9cipal resid5ces pur*as$ aft]     
,decemb] #ca1 #bjag4  7b7 ,use ( h>de/  
hit fund am\nts = comm]cial demolition  
7#a7 ,au?ority ,not)/&+ any provision ( 
title ,i ( ! ,em]g5cy ,economic         
,/abilization ,act ( #bjjh 7#ab         
,u4,s4,c4 #ebaa et seq471 any           
regulation1 guidance1 ord]1 or o!r      
directive ( ! ,secret>y ( ! ,treasury1  
or any agreem5t 7or am5dm5t !reto7 ent]$
 into "u ! ,h>de/ ,hit ,fund program ( !
 ,secret>y "u su* title ,i1 to ! ext5t t
 any am\nts ( assi/ance t h be51 or are1
 allocat$ = or provid$ to a ,/ate or    
,/ate ag5cy ?r\gh ! ,h>de/ ,hit ,fund   
program may be us$ = demoli%+ & gre5+   
vacant & ab&on$ blight$ resid5tial      
prop]ties & relat$ exp5ses1 su* am\nts  
may also be us$ = demoli%+ & gre5+      
vacant & ab&on$ blight$ comm]cial       

prop]ties & relat$ exp5ses4  7#b7       
,report ,n lat] ?an ! expiration ( !    
#b-ye> p]iod beg9n+ on ! date ( !       
enactm5t ( ?is ,act1 ! ,secret>y ( !    
,treasury %all submit a report to !     
,congress reg>d+ ! impacts ( us+        
assi/ance provid$ "u ! ,h>de/ ,hit ,fund
 program pursuant to ! au?ority provid$ 
"u p>agraph 7#a7 & ! effectiv5ess ( su* 
use4  ,b ,retail ,r$l9+ & ,food ,des]ts 
#bba4 ,economic gr[?1 ret5tion1 &       
recruitm5t ( comm]cial inve/m5t 9       
economically und]s]v$ communities ,!    
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #ffa et seq47 is am5d$ by
 add+ at ! end ! foll[+ new title3      
,,viii ,,economic ,,gr[?1 ,,ret5tion1   
,,& ,,recruitm5t ,,( ,,comm]cial        
,,inve/m5t ,,9 ,,economically ,,und]s]v$
 ,,communities  #haa4 ,purpose ,!       
purpose ( ?is title is to assi/ ) !     
economic gr[? ( economically und]s]v$   
communities t h pot5tial = /rong ,class 
#a comm]cial inve/m5t1 b t cont9ue to h 
a difficult "t recruit+ ,class #a       

comm]cial inve/m5t4  #hab4 ,grant       
program  7a7 ,au?orization ,f am\nts    
appropriat$ "u section #had1 !          
,adm9i/rator %all make grants on a      
competitive basis to an eligible        
community =--  7#a7 ! creation ( a grant
 program or revolv+ loan fund program   
7or bo?7 t helps develop f9anc+ packages
 = ,class #a comm]cial inve/m5t 9 !     
community2  7#b7 l[]+ real e/ate prop]ty
 tax rates 9 ! community2  7#c7 conduct+
 community-wide m>ket analysis to help  
recruit & reta9 ,class #a comm]cial     
inve/m5t2  7#d7 creat+ employm5t tra9+  
programs = ,class #a bus9ess cu/om]     
s]vice1 sales1 & manag]ial positions 9 !
 community2  7#e7 retail m>ket+         
/rategies to solicit new ,class #a      
comm]cial inve/m5t />ts 9 ! community2  
7#f7 program all[ances = activities to  
promote ,class #a comm]cial inve/m5t 9 !
 community1 su* z ! publication ( m>ket+
 mat]ials1 developm5t ( economic        
developm5t web pages1 & educational     
outrea* activities ) retail trade       

associations2 &  7#g7 hir+ bus9ess      
recruitm5t speciali/s to op]ate 9 !     
community4  7b7 ,eligibility ,!         
,adm9i/rator may only make a grant "u   
subsection 7a7 to a community ^:        
demographics include--  7#a7 a m$ian p] 
capita income no high] ?an #ce1jjj2 &   
7#b7 an id5tifi$ lack ( ,class #a       
comm]cial inve/m5t4  7c7 ,application ,a
 community seek+ a grant "u subsection  
7a7 %all submit an application at su*   
"t1 9 su* =m1 & conta9+ su* in=mation & 
assurances z ! ,adm9i/rator may require1
 except t ! application %all include--  
7#a7 a description ( h[ ! community1    
?r\gh ! activities ! community proposes 
to c>ry out ) ! grant funds w recruit1  
reta9 & gr[ its economy ?r\gh ,class #a 
comm]cial inve/m5t2 &  7#b7 a           
description ( ! difficulty ! community  
has fac$ recruit+1 reta9+ & gr[+ its    
economy ?r\gh ,class #a comm]cial       
inve/m5t4  7d7 ,mat*+ funds  7#a7 ,9    
g5]al ,! ,adm9i/rator may n make a grant
 to a community "u subsection 7a7 unless

 ! community agrees t1 ) respect to !   
co/s to be incurr$ by ! community 9     
c>ry+ out ! activities = :i* ! grant is 
aw>d$1 ! community w make available     
non-,f$]al contributions 9 an am\nt     
equal to n less ?an #aj p]c5t ( ! ,f$]al
 funds provid$ "u ! grant4  7#b7        
,satisfy+ mat*+ requirem5ts ,!          
non-,f$]al contributions requir$ "u     
p>agraph 7#a7 may be-- 7,a7 9 ca% or    
9-k9d1 includ+ s]vices1 fairly evaluat$2
 &  7,b7 f-- 7i7 any private s\rce2     
7ii7 ,/ate or local gov]nm5tal entity2  
or  7iii7 nonpr(it s\rce4  7#c7 ,waiv]  
,! ,adm9i/rator may waive or r$uce !    
non-,f$]al contribution requir$ by      
p>agraph 7#a7 if ! community involv$    
demon/rates t ! community _c meet !     
contribution requirem5t due to f9ancial 
h>d%ip4  7e7 ,limitations ,am\nts       
appropriat$ pursuant to ! au?orization (
 appropriations 9 section #had = a      
fiscal ye> %all be allocat$ z foll[s3   
7#a7 ,no m ?an #e p]c5t ( su* funds %all
 g to adm9i/rative co/s2  7#b7 #gj p]c5t

 ( su* funds %all g t[>d activities     
describ$ 9 p>agraphs 7#a7 ?r\gh 7#d7 (  
subsection 7a71 aft] tak+ into acc\nt   
adm9i/rative co/s "u subp>agraph 7,a72 &
  7#c7 #cj p]c5t ( su* funds %all g t[>d
 activities describ$ 9 p>agraphs 7#e7   
?r\gh 7#g7 ( subsection 7a71 aft] tak+  
into acc\nt adm9i/rative co/s "u        
subp>agraph 7,a74  #hac4 ,def9itions ,9 
?is title3 7#a7 ,community ,! t]m       
community means a gov]nance /ructure t  
includes c\nty1 p>i%1 city1 village1    
t[n%ip1 di/rict or bor\gh4  7#b7 ,class 
#a comm]cial inve/m5t ,! t]m ,class #a  
comm]cial inve/m5t means retail groc]y  
*a9s1 food s]vice retail]s1 re/aurants &
 fran*ises1 retail /ores1 cafes1 %opp+  
malls1 & o!r %ops4  7#c7 economically   
und]s]v$ community ,! t]m economically  
und]s]v$ community means an area suff]+ 
f l[ income & resultant l[ pur*as+ p[]1 
limit+ its ability to g5]ate suffici5t  
goods & s]vices to be us$ 9 ex*ange )   
o!r areas to meet curr5t consumption    
ne$s4  #had4 ,au?orization (            

appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,adm9i/rator to make   
grants "u section #hab7;a7 #dj1jjj1jjj =
 ea* ( fiscal ye>s #bjah ?r\gh #bjbd4  4
  #bbb4 ,produc] discretion to plant    
additional fruits & vegetables on base  
acres to alleviate food des]ts )\t a    
result+ r$uction 9 paym5t acres ,section
 #aaad7;e7 ( ! ,agricultural ,act (     
#bjad 7#g ,u4,s4,c4 #ijad7;e77 is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#e7 ,produc] discretion to plant       
additional fruits & vegetables to       
alleviate food des]ts  7,a7 ,additional 
plant+ au?ority2 purpose ,! p]c5tages   
specifi$ 9 p>agraphs 7#b7 & 7#c7 are    
increas$ by an additional five p]c5t (  
base acres1 to #bj p]c5t & #dj p]c5t    
respectively1 if ! crops ref]r$ to 9    
p>agraph 7#a7 gr[n on ! additional base 
acres are gr[n solely = sale or         
donation1 directly or indirectly by !   
produc] & ) or )\t process+1 9 a food   
des]t4  7,b7 ,food des]t def9$ ,9 ?is   
p>agraph1 ! t]m food des]t means a c5sus

 tract t1 z det]m9$ by ! ,secret>y-- 7i7
 has a pov]ty rate ( #bj p]c5t or       
great]2 &  7ii7 provides difficult      
access to a retail outlet t provides a  
wide-v>iety ( fruits & vegetables4  4   
,c ,digital infra/ructure  #bca4 ,,gao  
report on ,f$]al ef=ts to exp& broadb&  
s]vice  7a7 ,9 g5]al ,n lat] ?an #ahj   
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,comptroll] ,g5]al ( ! ,unit$   
,/ates %all submit to ,congress a report
 on ! effici5cy & effectiv5ess ( ef=ts  
by ,f$]al ag5cies to exp& access to     
broadb& s]vice1 includ+ ?r\gh ! programs
 describ$ 9 subsection 7c74  7b7        
,includ$ matt]s ,! report requir$ by    
subsection 7a7 %all include-- 7#a7 = ea*
 program cov]$ by ! report & ov] a p]iod
 ( "t = su* program consid]$ appropriate
 by ! ,comptroll] ,g5]al1 an analysis ( 
! numb] ( subscrib]s t h ga9$ access1   
?r\gh or z a result ( su* program1 to   
broadb& s]vice t has ! capacity to      
transmit data to enable subscrib]s to   
orig9ate & receive high-quality voice1  

data1 graphics1 & video2 &  7#b7 an     
analysis ( implem5tation by ,f$]al      
ag5cies ( ! recomm5dations ( ! ,broadb& 
,opportunity ,c\ncil1 e/abli%$ by !     
,presid5tial ,memor&um entitl$ ,exp&+   
,broadb& ,deploym5t & ,adoption by      
,address+ ,regulatory ,b>ri]s &         
,enc\rag+ ,inve/m5t & ,tra9+ & dat$ ,m>*
 #bc1 #bjae4  7c7 ,includ$ programs ,!  
programs describ$ 9 ?is subsection are !
 foll[+3 7#a7 ,f$]al univ]sal s]vice    
support me*anisms e/abli%$ "u section   
#bed ( ! ,communications ,act ( #aicd   
7#dg ,u4,s4,c4 #bed74  7#b7 ,! ,broadb& 
,te*nology ,opportunities ,program      
e/abli%$ "u section #fjja ( ! ,am]ican  
,recov]y & ,re9ve/m5t ,act ( #bjji 7#dg 
,u4,s4,c4 #acje74  7#c7 ,rural broadb&  
loans "u section #fja ( ! ,rural        
,electrification ,act ( #aicf 7#g       
,u4,s4,c4 #iej;bb74  7#d7               
,telecommunications infra/ructure loans 
"u section #bja ( ! ,rural              
,electrification ,act ( #aicf 7#g       
,u4,s4,c4 #ibb74  7#e7 ,community       

,connect grants "u ! la/ proviso "u !   
head+ ,di/ance ,le>n+1 ,telem$ic9e1 &   
,broadb& ,program 9 title ,,iii ( !     
,agriculture1 ,rural ,developm5t1 ,food 
& ,drug ,adm9i/ration1 & ,relat$        
,ag5cies ,appropriations ,act1 #bjjd4   
7#f7 ,di/ance ,le>n+ & ,telem$ic9e      
grants "u *apt] #a ( subtitle ,d ( title
 ,,xxiii ( ! ,food1 ,agriculture1       
,cons]vation1 & ,trade ,act ( #aiij4    
7d7 ,f$]al ag5cy def9$ ,9 ?is section1 !
 t]m ,f$]al ag5cy has ! mean+ giv5 ! t]m
 ag5cy 9 section #eea ( title #e1 ,unit$
 ,/ates ,code4  ,d ,direct l5d+  #bda4  
,direct loans to small bus9ess conc]ns  
7a7 ,9 g5]al ,f am\nts appropriat$      
pursuant to subsection 7e71 !           
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration %all e/abli% a program to 
make direct loans to small bus9ess      
conc]ns 7z def9$ "u section #c ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcb774  7b7 ,am\nt ,loans made "u ?is  
section %all be 9 an am\nt n great] ?an 
! less] (-- 7#a7 #e p]c5t ( ! annual    

rev5ue ( ! small bus9ess conc]n reque/+ 
! loan2 or  7#b7 #bej1jjj4  7c7 ,int]e/ 
rate ,! int]e/ rate on a loan made "u   
?is section %all be equal to ! disc\nt  
w9d[ prim>y cr$it int]e/ rate mo/       
rec5tly publi%$ on ! ,f$]al ,res]ve     
,/ati/ical ,release on select$ int]e/   
rates 7daily or weekly71 commonly ref]r$
 to z ! ,h4#ae release4  7d7 ,report ,! 
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration %all submit a report to   
,congress on ! implem5tation & results (
 ! program e/abli%$ "u ?is section4  7e7
 ,au?orization ( appropriations ,!re are
 au?oriz$ to be appropriat$ #be1jjj1jjj 
= ea* ( fiscal ye>s #bjah to #bjbb4     
,,iii ,new ,economy & ,innovation       
,inve/m5t  #cja4 ,commission on         
,innovation  7a7 ,composition (         
,commission ,!re is e/abli%$ 9 ! ,(fice 
( ,managem5t & ,budget1 a commission1 to
 be kn[n z ! ,commission on ,innovation 
7h]e9aft] 9 ?is section ref]r$ to z !   
commission71 :i* %all be compos$ ( !    
foll[+ memb]s3  7#a7 ,! ,director ( !   

,(fice ( ,managem5t & ,budget1 or 8 or  
h] designee1 :o %all s]ve z ! *air ( !  
,commission4  7#b7 ,five individuals f !
 private sector1 to be appo9t$ by !     
,director ( ! ,(fice ( ,managem5t &     
,budget4  7#c7 ,a repres5tative appo9t$ 
by ! head ( ea* ( ! foll[+3 7,a7 ,!     
,national ,in/itute ( ,/&>ds &          
,te*nology4  7,b7 ,! ,national ,sci5ce  
,f\ndation4  7,c7 ,! ,f$]al             
,communications ,commission4  7,d7 ,!   
,dep>tm5t ( ,comm]ce4  7,e7 ,! ,dep>tm5t
 ( ! ,treasury4  7,f7 ,! ,g5]al ,s]vice 
,adm9i/ration4  7b7 ,duties (           
,commission ,! commission %all /udy new 
& develop+ te*nologies1 & %all make     
recomm5dations to ea* ,f$]al ag5cy on h[
 ! ag5cy %\ld take into consid]ation !  
exi/5ce1 possible uses1 developm5t1 &   
pot5tial effect t su* te*nologies may h 
on ! ag5cy's c>ry+ out ( its /atutory   
duties4 ,! commission %all submit a     
report to ,congress n lat] ?an #a ye>   
aft] ! effective date ( enactm5t ( ?is  
,act & annually !reaft] on ! activities 

( ! commission dur+ ! #ab mon?s         
imm$iately prec$+ ! date ( ! report1    
includ+ summ>ies ( all recomm5dations   
made to ag5cies4  7c7 ,application (    
,f$]al ,advisory ,commission ,act ,!    
provisions ( ! ,f$]al ,advisory         
,committee ,act %all apply to !         
commission4  #cjb4 ,pilot program to    
fund local incubators  7a7 ,e/abli%m5t  
,! ,secret>y ( ,comm]ce %all e/abli% a  
competitive program to make grants to   
,/ates & political subdivisions ( ,/ates
 to p>tn] ) local incubators 9 ord] to  
provide />t-ups ) workspace & o!r       
res\rces = use 9 develop+ _! bus9esses4 
7b7 ,eligibility ,! ,secret>y may only  
aw>d a grant "u ?is section to a ,/ate  
or political subdivision ( a ,/ate t    
submits an application at su* "t1 9 su* 
=m1 & ) su* in=mation & assurances z !  
,secret>y may require1 includ+ an       
id5tification ( "o or m incubators ) :i*
 ! ,/ate or political subdivision w     
p>tn] 9 implem5t+ ! grant4  7c7         
,limitations  7#a7 ,"o grant p] ,/ate or

 political subdivision ,a ,/ate or      
political subdivision ( a ,/ate may n   
receive m ?an "o grant "u ?is section4  
,= purposes ( ! prec$+ s5t5ce1 a grant  
receiv$ by a ,/ate %all n be consid]$ to
 be receiv$ by a political subdivision (
 ! ,/ate1 & a grant receiv$ by a        
political subdivision ( a ,/ate %all n  
be consid]$ to be receiv$ by ! ,/ate4   
7#b7 ,am\nt ( grant ,a grant aw>d$ "u   
?is section may n exce$ #ejj1jjj4  7d7  
,use ( funds  7#a7 ,9 g5]al ,a ,/ate or 
political subdivision ( a ,/ate t       
receives a grant "u ?is section %all use
 grant funds to p>tn] ) "o or m         
incubators locat$ )9 ! t]ritory ( su*   
,/ate or political subdivision 9 ord] to
 provide />t-ups ) workspace & o!r      
res\rces = use 9 develop+ _! bus9esses4 
,! p>tn]%ip may take su* =m z !         
,secret>y consid]s appropriate1 includ+ 
"o or m subgrants f ! ,/ate or political
 subdivision to ! incubator or          
incubators4  7#b7 ,specific exp5ses     
includ$ ,grant funds may be us$ = any   

exp5se incurr$ 9 ord] to provide />t-ups
 ) workspace & o!r res\rces = use 9     
develop+ _! bus9esses1 includ+--  7,a7  
pur*ase or r5tal ( l&2  7,b7            
modification ( build+s2  7,c7 *>ges =   
utility s]vices or broadb& s]vice2  7,d7
 fees ( consultants = ! provision (     
te*nical or pr(essional assi/ance2  7,e7
 co/s ( promot+ ! incubator or          
incubators2 &  7,f7 any o!r su* exp5se t
 ! ,secret>y consid]s appropriate4  7e7 
,mat*+ requirem5t ,a ,/ate or political 
subdivision ( a ,/ate may n p>tn] ) an  
incubator 7or gr\p ( incubators7 9      
implem5t+ a grant "u ?is section unless 
! incubator 7or gr\p ( incubators7      
agrees t1 ) respect to ! exp5ses to be  
incurr$ 9 c>ry+ out activities )9 !     
scope ( ! p>tn]%ip1 ! incubator 7or gr\p
 ( incubators7 w make available f       
private funds contributions 9 an am\nt  
equal to n less ?an #ej p]c5t ( ! am\nt 
made available by ! ,/ate or political  
subdivision f grant funds "u ?is        
section4  7f7 ,report to ,congress ,n   

lat] ?an #ahj days aft] ! end ( fiscal  
ye> #bjba1 ! ,secret>y %all submit to   
,congress a report on ! results a*iev$  
by ! grant program e/abli%$ "u ?is      
section4 ,su* report %all include       
recomm5dations ( ! ,secret>y ) respect  
to ext5d+1 exp&+1 or improv+ ! program4 
7g7 ,def9itions ,9 ?is section3 7#a7    
,incubator ,! t]m incubator means a     
private-sector entity t--  7,a7 provides
 />t-ups ) workspace & o!r res\rces 7su*
 z utilities1 broadb& s]vice1 & te*nical
 or pr(essional assi/ance7 = use 9      
develop+ _! bus9esses2 &  7,b7 may *>ge 
/>t-ups a reasonable fee = su* res\rces4
  7#b7 ,secret>y ,! t]m ,secret>y means 
! ,secret>y ( ,comm]ce4  7#c7 ,/>t-up ,!
 t]m />t-up means any bus9ess entity    
7includ+ an individual op]at+ an        
un9corporat$ bus9ess7 t1 z ( ! "t !     
entity receives res\rces f an           
incubator--  7,a7 has be5 9 op]ation = n
 m ?an #e ye>s2  7,b7 has n m ?an #e    
employees2 &  7,c7 = ! mo/ rec5tly      
complet$ fiscal ye> ( ! entity 7if any7 

& any prec$+ fiscal ye>1 has annual     
gross rev5ues ( less ?an #aej1jjj4  7#d7
 ,/ate ,! t]m ,/ate means ea* ( ! sev]al
 ,/ates1 ! ,di/rict ( ,columbia1 ea*    
commonweal?1 t]ritory1 or possession ( !
 ,unit$ ,/ates1 & ea* f$]ally recogniz$ 
,indian tribe4  7h7 ,au?orization (     
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,secret>y to c>ry out  
?is section #e1jjj1jjj1 ( :i* n m ?an #e
 p]c5t %all be available = ! co/s (     
adm9i/]+ ! grant program e/abli%$ "u ?is
 section1 = ea* ( ! fiscal ye>s #bjah   
?r\gh #bjbb4  #cjc4 ,ext5sion &         
improvem5t ( new m>kets tax cr$it  7a7  
,ext5sion ,section #de;,d7f77#a7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ 1 & at ! end ( subp>agraph 7,f71
 by /rik+ ! p]iod at ! end ( subp>agraph
 7,g7 & ins]t+ 1 &1 & by add+ at ! end !
 foll[+ new subp>agraph3  7,h7          
#aj1jjj1jjj1jjj = ea* ( cal5d> ye>s     
#bjbj ?r\gh #bjbi4  4  7b7 ,degree (    
di/ress ( t>get$ community tak5 into    
acc\nt 9 mak+ allocations  7#a7 ,9 g5]al

 ,section #de;,d7f77#b7 ( su* ,code is  
am5d$ by ins]t+ ! foll[+ aft] ! fir/    
s5t5ce3 ,9 mak+ allocations "u ?is      
p>agraph1 ! ,secret>y %all take into    
acc\nt ! entity's bus9ess /rategy1      
community impact1 managem5t capacity1 & 
capitalization /rategy1 & ! degree (    
di/ress ( ! communities s]v$ by !       
entity44  7#b7 ,con=m+ am5dm5t ,section 
#de;,d7f77#b7 ( su* ,code is am5d$ by   
/rik+ "u ! prec$+ s5t5ce & ins]t+ "u ?is
 p>agraph4  7c7 ,increas$ cr$it =       
inve/m5ts 9 community developm5t        
entities s]v+ di/ress$ communities      
,section #de;,d ( su* ,code is am5d$ by 
r$esignat+ subsections 7h7 & 7i7 z      
subsections 7i7 & 7j71 respectively1 &  
by ins]t+ aft] subsection 7g7 ! foll[+  
new subsection3  7h7 ,increas$ cr$it =  
inve/m5ts 9 community developm5t        
entities s]v+ di/ress$ communities  7#a7
 ,9 g5]al ,9 ! case ( a qualifi$ equity 
inve/m5t 9 a qualifi$ di/ress$ community
 developm5t entity1 subsection 7a77#b7  
%all be appli$--  7,a7 by sub/itut+ #f  

p]c5t = #e p]c5t 9 subp>agraph 7,a71 &  
7,b7 by sub/itut+ #g p]c5t = #f p]c5t 9 
subp>agraph 7,b74  7#b7 ,qualifi$       
di/ress$ community developm5t entity ,= 
purposes ( ?is subsection-- 7,a7 ,9     
g5]al ,! t]m qualifi$ di/ress$ community
 developm5t entity means any qualifi$   
community developm5t entity if--  7i7 a 
sub/antial portion ( ! s]vices &        
inve/m5t capital provid$ by su* entity  
is provid$ ) respect to di/ress$        
communities1 &  7ii7 su* entity is      
c]tifi$ by ! ,secret>y = purposes ( ?is 
section z be+ a qualifi$ di/ress$       
community developm5t entity4  7,b7      
,di/ress$ community ,! t]m di/ress$     
community means any population c5sus    
tract 7or equival5t c\nty division )9 ! 
mean+ ( subsection 7e77#c77 :i* w\ld be 
a l[-income community if--  7i7         
subsection 7e77#a77;,a7 7 appli$ by     
sub/itut+ #cj p]c5t = #bj p]c5t1 &  7ii7
 subsection 7e77#a77;,b7 7 appli$ by    
sub/itut+ #fj p]c5t = #hj p]c5t ea*     
place x appe>s4  4  7d7 ,effective dates

  7#a7 ,ext5sion ,! am5dm5ts made by    
subsection 7a7 %all apply to cal5d> ye>s
 aft] #bjai4  7#b7 ,degree ( di/ress (  
t>get$ community tak5 into acc\nt 9 mak+
 allocations ,! am5dm5ts made by        
subsection 7b7 %all apply to allocations
 made by ! ,secret>y aft] ! date ( !    
enactm5t ( ?is ,act4  7#c7 ,increas$    
cr$it = inve/m5ts 9 community developm5t
 entities s]v+ di/ress$ communities ,!  
am5dm5ts made by subsection 7c7 %all    
apply to qualifi$ equity inve/m5ts      
acquir$ at orig9al issue aft] ! date ( !
 enactm5t ( ?is ,act4  #cjd4 ,race to ! 
,%op  7a7 ,program au?oriz$ ,f ! am\nts 
appropriat$ "u subsection 7e71 !        
,secret>y ( ,labor %all aw>d grants1 on 
a competitive basis1 to eligible        
entities to increase & improve skills   
tra9+ = curr5t & prospective work]s 9   
highly-skill$ indu/ries4  7b7           
,application ,to receive a grant "u ?is 
section1 an eligible entity %all submit 
to ! ,secret>y an application at su* "t1
 9 su* mann]1 & conta9+ su* in=mation z 

! ,secret>y may require1 :i* %all       
include ! foll[+3  7#a7 ,a bold economic
 plan = ! eligible entity t builds on ! 
special assets & /r5g?s ( ! entity 9    
highly-skill$ indu/ries1 z su* assets & 
/r5g?s are det]m9$ by ! entity4  7#b7   
,an id5tification & prioritization ( key
 weaknesses or b>ri]s 7su* z lack (     
/rong vocational education or skills    
tra9+ sy/em1 or abs5ce ( cu/omiz$ tra9+ 
= indu/rial firms & sectors71 z det]m9$ 
by ! eligible entity1 to successfully   
implem5t+ su* plan4  7#c7 ,a description
 ( /rategies t w c>ry out ! plan ?r\gh  
projects & inve/m5ts1 ) deep & su/a9able
 involvem5t ( highly-skill$ indu/ries4  
7#d7 ,a description ( h[ o!r ,f$]al &   
non-,f$]al funds w be lev]age 9 support 
( su* /rategies4  7#e7 ,a description ( 
h[ ! eligible entity w re=m ! entity's  
policies or gov]nance 9 support ( su*   
/rategies4  7c7 ,use ( funds ,an        
eligible entity t receives a grant "u   
?is section %all use su* grant to c>ry  
out ! entity's bold economic plan       

describ$ 9 subsection 7b77#a74  7d7     
,limitation ,an eligible entity may n   
receive assi/ance f m ?an #a grant aw>d$
 "u ?is section = a fiscal ye>4  7e7    
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ #be1jjj1jjj =
 ea* ( fiscal ye>s #bjah ?r\gh #bjbb4   
7f7 ,def9itions ,9 ?is ,act3  7#a7      
,eligible entity ,! t]m eligible entity 
means a ,/ate or unit ( g5]al local     
gov]nm5t4  7#b7 ,highly-skill$ indu/ry  
,! t]m highly-skill$ indu/ry includes ! 
manufactur+ indu/ry4  7#c7 ,,wioa t]ms  
,! t]ms ,/ate & unit ( g5]al local      
gov]nm5t h ! mean+s giv5 ! t]ms 9       
section #c ( ! ,work=ce ,inve/m5t &     
,opportunity ,act 7#bi ,u4,s4,c4 #cajb74
  ,,iv ,exp&$ ,access to ,c>e  #dja4    
,/udy on ! un9sur$  7a7 ,9 g5]al ,!     
,secret>y ( ,heal? & ,human ,s]vices 79 
?is section ref]r$ to z ! ,secret>y7    
%all-- 7#a7 conduct a /udy1 9 accordance
 ) ! /&>ds "u section #caja ( ! ,public 
,heal? ,s]vice ,act 7#db ,u4,s4,c4      
#cjjkk71 on ! demographic *>act]i/ics ( 

! population ( individuals :o d n h     
heal? insurance cov]age2  7#b7 include 9
 su* /udy an analysis ( ! usage by su*  
population ( em]g5cy room & urg5t c>e   
facilities2 &  7#c7 pr$ict1 bas$ on su* 
/udy1 ! demographic *>act]i/ics ( !     
population ( individuals :o w\ld rema9  
)\t heal? insurance cov]age aft] ! end (
 op5 enrollm5t or any special enrollm5t 
p]iod4  7b7 ,report+ requirem5ts  7#a7  
,9 g5]al ,n lat] ?an #ab mon?s aft] !   
date ( ! enactm5t ( ?is ,act1 !         
,secret>y %all submit to ! ,congress !  
results ( ! /udy "u subsection 7a7 & !  
pr$iction made "u subsection 7a77#c74   
7#b7 ,report+ ( demographic *>act]i/ics 
,! ,secret>y %all report ! demographic  
*>act]i/ics "u p>agraphs 7#a71 7#b71 &  
7#c7 ( subsection 7a7 on ! basis (      
racial & e?nic gr\p1 & %all /ratify !   
report+ on ea* racial & e?nic gr\p by   
o!r demographic *>act]i/ics t c impact  
access to heal? insurance cov]age1 su* z
 sexual ori5tation1 g5d] id5tity1 prim>y
 language1 disability /atus1 sex1       

socioeconomic /atus1 age gr\p1 &        
citiz5%ip & immigration /atus1 9 a mann]
 consi/5t ) title ,i ( ?is ,act4  #djb4 
,volunte] d5tal projects & action =     
d5tal heal? program ,"p ,b ( title ,,iii
 ( ! ,public ,heal? ,s]vice ,act is     
revis$ by am5d+ section #cag,m 7#db     
,u4,s4,c4 #bdg;b-#ad7 z foll[s3  7#a7 by
 r$esignat+ subsections 7e7 & 7f7 z 7g7 
& 7h71 respectively2  7#b7 by ins]t+    
aft] subsection 7d71 ! foll[+3  7e7     
,grants ,to ,support ,volunte] ,d5tal   
,projects  7#a7 ,9 g5]al ,! ,secret>y1  
act+ ?r\gh ! ,director ( ! ,c5t]s =     
,disease ,control & ,prev5tion1 may aw>d
 grants to or ent] into contracts )     
eligible entities to obta9 portable or  
mobile d5tal equipm5t1 & pay =          
appropriate op]ational co/s1 = !        
provision ( free d5tal s]vices to       
und]s]v$ populations t are deliv]$ 9 a  
mann] consi/5t ) ,/ate lic5s+ laws4     
7#b7 ,eligible entity ,9 ?is subsection1
 ! t]m eligible entity includes a ,/ate 
or local d5tal association1 a ,/ate oral

 heal? program1 a d5tal education1 d5tal
 hygi5e education1 or po/doctoral d5tal 
education program accr$it$ by !         
,commission on ,d5tal ,accr$itation1 & a
 community-bas$ organization t p>tn]s ) 
an academic in/itution1 t--  7,a7 is    
exempt f tax "u section #eja7;c7 ( !    
,int]nal ,rev5ue ,code ( #aihf2 &  7,b7 
(f]s a free d5tal s]vices program =     
und]s]v$ populations4  7f7 ,action =    
,d5tal ,heal? ,program  7#a7 ,9 g5]al ,!
 ,secret>y1 act+ ?r\gh ! ,director ( !  
,c5t]s = ,disease ,control & ,prev5tion1
 may aw>d grants to or ent] into        
contracts ) eligible entities to        
collaborate ) ,/ate1 c\nty1 or local    
public (ficials & o!r /akehold]s to     
develop & implem5t initiatives to       
accompli% any ( ! foll[+ goals3  7,a7   
,to improve oral heal? education & d5tal
 disease prev5tion1 includ+             
community-wide prev5tion programs1 use (
 d5tal sealants & fluoride v>ni%1 &     
increas+ oral heal? lit]acy4  7,b7 ,to  
make ! heal? c>e deliv]y sy/em provid+  

d5tal s]vices m accessible & effici5t   
?r\gh ! developm5t & expansion ( outrea*
 programs t w facilitate ! e/abli%m5t ( 
d5tal homes = *ildr5 & adults1 includ+ !
 ag$1 bl9d1 & disabl$ populations4  7,c7
 ,to r$uce geographic1 language1        
cultural1 & simil> b>ri]s 9 ! provision 
( d5tal s]vices4  7,d7 ,to help r$uce ! 
use ( em]g5cy dep>tm5ts by ^? :o seek   
d5tal s]vices m appropriately deliv]$ 9 
a d5tal prim>y c>e sett+4  7,e7 ,to     
facilitate ! provision ( d5tal c>e to   
nurs+ home resid5ts :o are              
disproportionately affect$ by lack (    
c>e4  7#b7 ,eligible entity ,9 ?is      
subsection1 ! t]m eligible entity       
includes a ,/ate or local d5tal         
association1 a ,/ate oral heal? program1
 or a d5tal education1 d5tal hygi5e1 or 
po/doctoral d5tal education program     
accr$it$ by ! ,commission on ,d5tal     
,accr$itation1 & a community-bas$       
organization t p>tn]s ) an academic     
in/itution1 t--  7,a7 is exempt f tax "u
 section #eja7;c7 ( ! ,int]nal ,rev5ue  

,code ( #aihf2 &  7,b7 p>tn]s ) public &
 private /akehold]s to facilitate !     
provision ( d5tal s]vices = und]s]v$    
populations4  2 &  7#c7 9 subsection    
7h71 z r$esignat$ by p>agraph 7#a71 by  
/rik+ fiscal ye>s #bjja ?r\gh #bjje &   
ins]t+ fiscal ye>s #bjaf ?r\gh #bjbj4   
#djc4 ,critical access hospital         
improvem5ts  7a7 ,elim9ation ( isolation
 te/ = co/-,bas$ ambulance reimbursem5t 
7#a7 ,9 g5]al ,section #ahcd7l77#h7 ( ! 
,social ,security ,act 7#db ,u4,s4,c4   
#aciem7l77#h77 is am5d$--  7,a7 9       
subp>agraph 7,b7-- 7i7 by /rik+ own$ &2 
&  7ii7 by ins]t+ 7includ+ :5 su*       
s]vices are provid$ by ! entity "u an   
arrangem5t ) ! hospital7 aft] hospital2 
&  7,b7 by /rik+ ! comma at ! end (     
subp>agraph 7,b7 & all t foll[s & ins]t+
 a p]iod4  7#b7 ,effective date ,!      
am5dm5ts made by ?is subsection %all    
apply to s]vices furni%$ on or aft]     
,janu>y #a1 #bjah4  7b7 ,provision ( a m
 flexible alt]native to ! ,,cah         
designation #be inpati5t b$ limit       

requirem5t  7#a7 ,9 g5]al ,section      
#ahbj7;c77#b7 ( ! ,social ,security ,act
 7#db ,u4,s4,c4 #acie;i-#d7;c77#b77 is  
am5d$-- 7,a7 9 subp>agraph 7,b77iii71 by
 /rik+ provides n m ?an & ins]t+ subject
 to subp>agraph 7,f71 provides n m ?an2 
&  7,b7 by add+ at ! end ! foll[+ new   
subp>agraph3  7,f7 ,alt]native to #be   
inpati5t b$ limit requirem5t  7i7 ,9    
g5]al ,a ,/ate may elect to treat a     
facility1 ) respect to ! designation ( !
 facility = a co/-report+ p]iod1 z      
satisfy+ ! requirem5t ( subp>agraph     
7,b77iii7 relat+ to a maximum numb] (   
acute c>e inpati5t b$s if ! facility    
elects1 9 accordance ) a me?od specifi$ 
by ! ,secret>y & be=e ! beg9n+ ( ! co/  
report+ p]iod1 to meet ! requirem5t "u  
clause 7ii74  7ii7 ,alt]nate requirem5t 
,! requirem5t "u ?is clause1 ) respect  
to a facility & a co/-report+ p]iod1 is 
t ! total numb] ( inpati5t b$ days      
describ$ 9 subp>agraph 7,b77iii7 dur+   
su* p]iod w n exce$ #g1cjj4 ,= purposes 
( ?is subp>agraph1 an individual :o is  

an inpati5t 9 a b$ 9 ! facility = a s+le
 day %all be c\nt$ z "o inpati5t b$ day4
  7iii7 ,)drawal ( election ,! option   
describ$ 9 clause 7i7 %all n apply to a 
facility = a co/-report+ p]iod if !     
facility 7= any two consecutive         
co/-report+ p]iods dur+ ! previ\s #e    
co/-report+ p]iods7 0 treat$ "u su*     
option & _h a total numb] ( inpati5t b$ 
days = ea* ( su* two co/-report+ p]iods 
t exce$$ ! numb] specifi$ 9 su* clause4 
4  7#b7 ,effective date ,! am5dm5ts made
 by p>agraph 7#a7 %all apply to         
co/-report+ p]iods beg9n+ on or aft] !  
date ( ! enactm5t ( ?is ,act4  #djd4    
,community heal? c5t] collaborative     
access expansion ,section #ccj ( !      
,public ,heal? ,s]vice ,act 7#db        
,u4,s4,c4 #bed;b7 is am5d$ by add+ at ! 
end ! foll[+3  7t7 ,miscellane\s        
,provisions  7#a7 ,rule ( con/ruction ) 
respect to rural heal? cl9ics ,no?+ 9   
?is section %all be con/ru$ to prev5t a 
community heal? c5t] f contract+ ) a    
f$]ally c]tifi$ rural heal? cl9ic 7z    

def9$ by section #ahfa7;aa77#b7 ( !     
,social ,security ,act7 = ! deliv]y (   
prim>y heal? c>e & o!r m5tal1 d5tal1 &  
physical heal? s]vices t are available  
at ! rural heal? cl9ic to individuals :o
 w\ld o!rwise be eligible = free or     
r$uc$ co/ c>e if t individual 7 able to 
obta9 t c>e at ! community heal? c5t]4  
,su* s]vices may be limit$ 9 scope to ^?
 prim>y heal? c>e & o!r m5tal1 d5tal1 & 
physical heal? s]vices available 9 t    
rural heal? cl9ic4  7#b7 ,enabl+ s]vices
 ,to ! ext5t possible1 enabl+ s]vices   
su* z transportation & translation      
assi/ance %all be provid$ by rural heal?
 cl9ics describ$ 9 p>agraph 7#a74  7#c7 
,assurances ,9 ord] = a rural heal?     
cl9ic to receive funds "u ?is section   
?r\gh a contract ) a community heal?    
c5t] = ! deliv]y ( prim>y heal? c>e &   
o!r s]vices describ$ 9 p>agraph 7#a71   
su* rural heal? cl9ic %all e/abli%      
policies to ensure--  7,a7              
nondiscrim9ation bas$ ^u ! ability ( a  
pati5t to pay2  7,b7 ! e/abli%m5t ( a   

slid+ fee scale = l[-income pati5ts2 &  
7,c7 any su* s]vices %\ld be subject to 
full reimbursem5t accord+ to !          
,prospective ,paym5t ,sy/em scale4  4