,,ii #aaeth ,,congress #ast ,session ,s4 #dce ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #af1 #bjag,mr4 ,heinrich 7for himself and ,ms4 ,collins7 introduced the following bill2 which was read twice and referred to the ,committee on ,health1 ,education1 ,labor1 and ,pensions ,a ,,bill ,to establish programs to improve family economic security by breaking the cycle of multigenerational poverty1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,two-,generation ,economic ,empowerment ,act of #bjag4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,findings2 purposes4,sec4 #c4 ,definitions4,,title ,i--,interagency ,council on ,multigenerational ,poverty,sec4 #aja4 ,interagency ,council on ,multigenerational ,poverty4,sec4 #ajb4 ,information displayed on ,council website4,sec4 #ajc4 ,,gao ,report4,sec4 #ajd4 ,authorization of appropriations4,,title ,,ii--#b-;generation programs,sec4 #bja4 ,programs4,sec4 #bjb4 ,general provisions4,,title ,,iii--,performance partnership pilot program,sec4 #cja4 ,definitions4,sec4 #cjb4 ,performance partnership pilots4,sec4 #cjc4 ,reporting2 evaluations4,sec4 #cjd4 ,applicability to existing performance partnership pilots4,,title ,,iv--,social impact bonds pilot program,sec4 #dja4 ,definitions2 purposes4,sec4 #djb4 ,social impact bond application4,sec4 #djc4 ,awarding social impact bond contracts4,sec4 #djd4 ,feasibility study funding4,sec4 #dje4 ,evaluations4,sec4 #djf4 ,role of ,interagency ,council on ,multigenerational ,poverty4,sec4 #djg4 ,availability of information related to social impact bond projects4,sec4 #djh4 ,funding4,sec4 #dji4 ,community ,reinvestment ,act4 #b4 ,findings2 purposes 7a7 ,findings ,congress finds the following3 7#a7 ,almost half1 or #dd percent1 of children in the ,united ,states are from low-income families4 7#b7 ,individuals caught in multigenerational poverty tend to lack the support needed to move beyond day-to-day situations1 make long-term financial plans1 and support the community around them4 7#c7 ,twenty-five percent of children in the ,united ,states live in single-mother households1 and #hj percent of ,african-,american or ,hispanic children who live in such households are from low-income families4 7#d7 ,many of the services and systems that are intended to help low-income families are fragmented1 with approaches that address the needs of parents and children separately4 ,these fragmented approaches often leave either the parent or the child behind and dim the family's chance at success4 7#e7 ,in #bjji1 the ,department of ,agriculture estimated that #aa1ejj1jjj individuals in the ,united ,states are from low-income families that reside more than #a mile from a supermarket1 and #b1cjj1jjj of such individuals do not have access to a car4 7#f7 ,healthy communities have a variety of components1 including-- 7,a7 safe1 sustainable1 accessible1 and affordable transportation options that enable-- 7i7 children to commute to and from school safely2 and 7ii7 parents to seek work outside of their community2 7,b7 housing that is affordable1 high-quality1 socially integrated1 and location-efficient2 7,c7 access to quality schools1 parks and other recreational facilities1 child care1 libraries1 financial services1 and other daily needs2 and 7,d7 support for healthy behavioral development of children and adolescents4 7#g7 ,a successful #b-;generation program will-- 7,a7 improve family economic security by creating opportunities for1 and addressing the needs of1 parents and children2 7,b7 break the cycle of multigenerational poverty2 and 7,c7 foster and develop healthy communities4 7#h7 ,the return on investment in education for children and their parents is high4 ,early childhood education programs help children develop new skills and prepare them for grade school4 ,a parent's level of educational attainment is the best predictor of a child's success4 ,higher education opens the door to a stable career with a family-sustaining wage1 providing opportunities for families to break the cycle of multigenerational poverty4 7#i7 ,social capital is a key success factor of the #b-;generation approach and builds on the strength and resilience of families1 bolstering the aspirations parents have for their children and for themselves4 ,family poverty is associated with a weaker social network of support4 ,for individuals living in certain regions1 the lack of community development contributes to a lack of economic mobility and a lack of multigenerational success4 7#aj7 ,physical and mental health have a major impact on the ability of a family to thrive4 ,there is a well-documented correlation between poor health and poor family finances1 with poor health causing poor family finances and poor family finances causing poor health4 ,improved physical health and health behaviors are associated with higher scores on standardized tests4 ,there is a link between mothers providing a higher level of emotional support and positive outcomes in children1 such as children demonstrating an improved social competence and engagement in schooling4 ,meanwhile1 social isolation of children is associated with a higher rate of abuse and neglect of children4 7b7 ,purpose ,the purpose of this ,act is to improve family economic security by breaking the cycle of multigenerational poverty1 including through developing #b-;generation programs that involve initiatives of the ,federal ,government1 ,states1 local governments1 and tribal governments and initiatives of the private sector4 #c4 ,definitions ,in this ,act3 7#a7 #b-;generation approach ,the term #b-;generation approach means the approach to breaking the cycle of multigenerational poverty by improving family economic security through the implementation of #b-;generation programs that create opportunities for1 and address the needs of1 parents and children together4 7#b7 #b-;generation program ,the term #b-;generation program means a pilot program established under section #bja7;a74 7#c7 ,agency ,the term agency has the meaning given such term in section #eea of title #e1 ,united ,states ,code4 7#d7 ,council agency ,the term ,council agency means an agency listed in any of subparagraphs 7,a7 through 7,m7 of section #aja7;c77#a74 7#e7 ,discretionary appropriations ,the term discretionary appropriations has the meaning given such term in section #bej7;c7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj7;c774 7#f7 ,institution of higher education ,the term institution of higher education has the meaning given such term in section #aja7;a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja7;a774 7#g7 ,intervention ,the term intervention means a specific service delivered to achieve an impact through a social impact bond project under title ,,iv4 7#h7 ,multigenerational poverty ,the term multigenerational poverty means pervasive poverty transferred from parents to their children through structural and systematic factors4 7#i7 ,school readiness ,the term school readiness means the development of-- 7,a7 physical well-being and motor skills2 7,b7 social and emotional skills2 7,c7 approaches to learning2 7,d7 language skills 7including early literacy72 and 7,e7 cognition and general knowledge4 7#aj7 ,state ,the term ,state means each of the several ,states of the ,united ,states1 the ,district of ,columbia1 and each commonwealth or territory of the ,united ,states4 7#aa7 ,vulnerable population ,the term vulnerable population means a population consisting of individuals who1 as determined by the applicable lead agency designated under section #bjb7;a7-- 7,a7 are economically disadvantaged2 7,b7 are racial or ethnic minorities2 7,c7 are low-income children2 7,d7 are elderly2 7,e7 are homeless2 7,f7 are individuals with a disability1 as defined in section #c of the ,americans with ,disabilities ,act of #aiij 7#db ,u4,s4,c4 #abajb72 7,g7 are infected with the human immunodeficiency virus 7,,hiv72 or 7,h7 have any other chronic health condition1 including a severe mental illness4 ,i ,interagency ,council on ,multigenerational ,poverty #aja4 ,interagency ,council on ,multigenerational ,poverty 7a7 ,establishment ,there is established within the ,federal ,government an interagency council to be known as the ,interagency ,council on ,multigenerational ,poverty 7referred to in this ,act as the ,council7 to carry out the objectives under subsection 7b7 and the #b-;generation approach1 including by providing guidance1 and addressing questions pertaining1 to #b-;generation programs and other programs engaging in efforts to break the cycle of multigenerational poverty4 7b7 ,objectives ,the objectives of the ,council are each of the following3 7#a7 ,establish an ongoing system of coordination among and within agencies or organizations related to programs aimed at breaking the cycle of multigenerational poverty4 7#b7 ,identify knowledge gaps1 research needs1 and policy and program deficiencies associated with multigenerational poverty4 7#c7 ,identify best practices of programs1 including the #b-;generation programs1 and methodologies to break the cycle of multigenerational poverty4 7c7 ,membership 7#a7 ,composition ,the ,council shall be composed of at least #a designee from each of the following3 7,a7 ,the ,office of ,management and ,budget4 7,b7 ,the ,bureau of ,indian ,affairs4 7,c7 ,the ,department of ,agriculture4 7,d7 ,the ,department of ,education4 7,e7 ,the ,department of ,health and ,human ,services4 7,f7 ,the ,department of ,housing and ,urban ,development4 7,g7 ,the ,department of ,labor4 7,h7 ,the ,department of ,transportation4 7,i7 ,the ,department of the ,treasury4 7,j7 ,the ,department of ,veterans ,affairs4 7,k7 ,the ,corporation for ,national and ,community ,service4 7,l7 ,the ,domestic ,policy ,council4 7,m7 ,the ,national ,economic ,council4 7#b7 ,designation 7,a7 ,in general ,the head of each ,council agency shall designate at least #a employee described in subparagraph 7,b7 of such agency to serve as a member of the ,council4 7,b7 ,responsibilities ,an employee described in this subparagraph shall be a senior employee of the agency whose responsibilities relate to policies1 procedures1 and economics with respect to family well-being4 7#c7 ,chairperson 7,a7 ,in general ,the ,chairperson of the ,council 7referred to in this section as the ,chairperson7 shall be a designee under paragraph 7#a77;,e71 as selected by the ,council if there is more than #a such designee4 7,b7 ,initiating guidance ,the ,chairperson1 on behalf of the ,council1 shall identify and invite individuals from diverse entities1 including advocates1 individuals from nonprofit organizations1 small businesses1 and philanthropic organizations1 and researchers from institutions of higher education1 to provide the ,council with advice and knowledge pertaining to addressing multigenerational poverty4 7d7 ,duties 7#a7 ,strategic plan to end and prevent multigenerational poverty ,not later than #a year after the date of enactment of this ,act1 the ,council shall develop1 make available for public comment1 and submit to the ,president and ,congress1 a strategic plan to end and prevent multigenerational poverty that includes activities under the #b-;generation approach and other activities consistent with the objectives under subsection 7b74 ,the ,council shall update such plan annually4 7#b7 ,implementing and advising #b-;generation programs ,the ,council shall establish procedures for implementing the #b-;generation approach that consist of-- 7,a7 coordinating the efforts of each #b-;generation program2 7,b7 advising and assisting relevant agencies in the development and implementation of each such program2 7,c7 advising relevant agencies on specific programmatic and policy matters related to each such program2 7,d7 providing relevant subject matter expertise to each lead agency designated under section #bjb7;a72 and 7,e7 identifying and addressing issues that may influence the future of each #b-;generation program4 7#c7 ,reports to ,congress 7,a7 ,annual reports ,not later than #a year after the date of enactment of this ,act1 and annually thereafter1 the ,council shall prepare and submit to ,congress a report that includes-- 7i7 information on the progress and results of each #b-;generation program in achieving the appropriate quantitative levels for the outcomes described in section #bja7;b7 that each program is designed to achieve2 and 7ii7 information on any issue concerning each such program and recommendations to address each such issue4 7,b7 ,biannual reports ,not later than #a year after the date of enactment of this ,act1 and every #b years thereafter1 the ,council shall prepare and submit to ,congress a report that includes-- 7i7 information on the overall progress of the ,council in ending and preventing multigenerational poverty2 and 7ii7 legislative policy recommendations1 including addressing any needs for greater legislative authority to meet the objectives of this ,act4 7#d7 ,available funding ,not later than #ij days after the date of enactment of this ,act1 each ,council agency shall identify1 prepare1 and submit to the ,chairperson a list of funding sources that could support #b-;generation programs in achieving the appropriate quantitative levels for the outcomes described in section #bja7;b7 that each program is designed to achieve4 #ajb4 ,information displayed on ,council website 7a7 ,in general ,the ,council shall ensure that the information listed in subsection 7b7 is made available to the public and displayed on the official website of the ,council4 7b7 ,information ,the information listed in this subsection is each of the following3 7#a7 ,the national strategic plan to end and prevent multigenerational poverty required under section #aja7;d77#a74 7#b7 ,information on the #b-;generation programs1 including-- 7,a7 the outcomes described in section #bja7;b7 that each program is designed to achieve1 and the appropriate quantitative levels for achieving such outcomes2 7,b7 national partners consisting of private and government entities participating in 7or interested in participating in71 including by funding1 a #b-;generation program2 7,c7 a description of the #b-;generation program described in title ,,iii1 including detailed information on the performance partnership pilots approved under section #cjb7;a71 the discretionary appropriations used to carry out such program1 and any waivers received under section #bjb7;d7 for such program1 including information specifying the waivers used for each such pilot2 and 7,d7 a description of the #b-;generation program described in title ,,iv1 including the information described in section #djg4 7#c7 ,each report1 including the data contained in each such report1 that-- 7,a7 the ,council submits to ,congress under section #aja7;d77#c72 7,b7 the ,comptroller ,general of the ,united ,states submits under section #ajc or #cjc7;c72 and 7,c7 is submitted to the ,council under section #cjc7;d7 or subsection 7d7 or 7e7 of section #dje4 7#d7 ,information describing the best practices 7as determined by the ,council7 of the #b-;generation programs1 and other programs engaging in efforts to break the cycle of multigenerational poverty1 to enable interested entities to emulate such best practices in any efforts to end or prevent multigenerational poverty4 #ajc4 ,,gao ,report 7a7 ,in general ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall conduct a study1 and submit a report to ,congress and the ,interagency ,council on ,multigenerational ,poverty1 on ,federal block grants under the jurisdiction of council participants to identify barriers and opportunities for collaboration in order to carry out the #b-;generation approach4 7b7 ,contents ,the study and report under subsection 7a7 shall-- 7#a7 identify block grants that could be used for the #b-;generation approach and whether waiver of any funding restriction or requirement in particular would facilitate the #b-;generation approach without compromising the policy goals of those block grants2 7#b7 identify opportunities and barriers for collaboration among block-grant recipients2 and 7#c7 examine any duplications of reporting or applications as a result of such collaboration4 #ajd4 ,authorization of appropriations ,there are authorized to be appropriated for each of fiscal years #bjag through #bjbb such sums as may be necessary to carry out this title4 ,,ii #b-;generation programs #bja4 ,programs 7a7 ,in general ,the ,council shall establish1 as #b-;generation programs1 each of the following3 7#a7 ,the #b-;generation performance partnership pilot program described in title ,,iii4 7#b7 ,the #b-;generation social impact bonds pilot program described in title ,,iv4 7b7 ,outcome measures 7#a7 ,establishment ,the ,council shall establish clearly defined outcome measures for each #b-;generation program that include the outcomes described in paragraphs 7#b7 and 7#c7 that each program is designed to achieve and the appropriate quantitative levels for achieving such outcomes4 7#b7 ,primary outcomes ,each #b-;generation program shall be designed to achieve primary outcomes consisting of-- 7,a7 improved academic achievement of children and increased earning potential of parents1 including enhanced-- 7i7 school readiness of children from birth through age #e2 and 7ii7 educational attainment of parents2 and 7,b7 two or more of the following outcomes3 7i7 ,improved financial stability of families1 including increased financial capability of1 and savings for1 parents and children1 achieved through increased earning potential and enhanced financial decisionmaking skills of parents and children4 7ii7 ,increased access for parents and children to programs that foster healthy parent-child relationships4 7iii7 ,increased opportunities for all family members to participate in programs that address the mental health needs of parents and children4 7iv7 ,improved education of parents and children on obesity prevention and nutrition1 and a subsequent reduction in rates of obesity and related diseases among parents and children4 7v7 ,improved maternal and child health1 including social and emotional health and development of mothers and children4 7#c7 ,cost-effective outcomes ,in achieving the primary outcomes described in paragraph 7#b71 each #b-;generation program shall make better use of budgetary resources to seek enhanced outcomes that are cost-effective for regions1 communities1 or vulnerable populations4 #bjb4 ,general provisions 7a7 ,lead agencies ,the ,director of the ,office of ,management and ,budget shall1 in collaboration with the ,council-- 7#a7 designate a lead agency from among the ,council agencies for the purpose of carrying out the #b-;generation program described in title ,,iii2 and 7#b7 designate a lead agency from among the ,council agencies for the purpose of carrying out the #b-;generation program described in title ,,iv4 7b7 ,agency head determinations 7#a7 ,in general ,a ,council agency may participate 7directly or by providing discretionary appropriations that have been appropriated to such agency7 in the #b-;generation program described in title ,,iii only upon providing a written determination by the head of such agency to the lead agency designated under subsection 7a77#a7 that1 based on the best available information1 transferring resources to participate in such program will not-- 7,a7 result in such agency reducing any services 7funded in whole or in part by the discretionary appropriations of such agency7 that such agency provided prior to participating in the #b-;generation program2 and 7,b7 otherwise adversely affect vulnerable populations that are recipients of such services4 7#b7 ,consideration ,in making the determination under paragraph 7#a71 the head of the ,council agency may take into consideration the discretionary appropriations that will be used in the #b-;generation program4 7c7 ,transfer authority 7#a7 #b-;generation account ,the lead agency designated under subsection 7a77#a7 may establish an account for the purpose of carrying out the #b-;generation program described in title ,,iii1 allowing multiple ,council agencies participating in the #b-;generation program to combine discretionary appropriations for the purpose of carrying out the #b-;generation program4 7#b7 ,transfers ,subject to the written approval of the ,director of the ,office of ,management and ,budget and paragraph 7#d71 the head of each ,council agency participating in the #b-;generation program described in title ,,iii may transfer discretionary appropriations of the agency to the account established under paragraph 7#a71 to be used for such #b-;generation program4 7#c7 ,availability 7,a7 ,purposes ,subject to the waiver authority under subsection 7d71 the discretionary appropriations transferred under paragraph 7#b7 shall remain available for the same purposes for which the appropriations were originally appropriated4 7,b7 ,obligation by the ,federal ,government ,the discretionary appropriations transferred under paragraph 7#b7 shall remain available for obligation by the ,federal ,government for the period for which such appropriations were permitted to remain available1 as of the day before the date of the transfer4 7#d7 ,notice requirement ,not later than #cj days prior to transferring any discretionary appropriations under paragraph 7#b71 the head of the ,council agency transferring the appropriations shall provide written notice of the transfer to the ,committee on ,appropriations of the ,house of ,representatives1 the ,committee on ,appropriations of the ,senate1 and other appropriate committees of ,congress4 7d7 ,waiver authority 7#a7 ,in general ,to reduce administrative burdens 7including application and reporting requirements7 and subject to other provisions of this ,act 7but notwithstanding subsection 7c77#c77;,a771 the head of a ,council agency participating in the #b-;generation program described in title ,,iii may waive 7in whole or in part7 the application1 solely with respect to discretionary appropriations used in such #b-;generation program1 of any statutory1 regulatory1 or administrative requirement that such agency head-- 7,a7 is authorized to waive 7in accordance with the terms and conditions of the ,federal law authorizing such appropriations72 or 7,b7 would not otherwise be authorized to waive1 but for the application of this subsection4 7#b7 ,limitations 7,a7 ,in general ,an agency head described in paragraph 7#a7 shall not waive any requirement related to nondiscrimination1 wage and labor standards1 or allocation of funds to ,state or sub-,state levels4 7,b7 ,requirements ,for the waiver of any statutory1 regulatory1 or administrative requirement described in paragraph 7#a77;,b71 an agency head described in paragraph 7#a7 shall-- 7i7 prior to granting the waiver1 submit to the lead agency designated under subsection 7a77#a7 a written determination1 with respect to the discretionary appropriations described in paragraph 7#a71 that the granting of such waiver for purposes of the #b-;generation program described in title ,,iii-- 7,i7 is consistent with the statutory purposes of the ,federal program for which such discretionary appropriations were appropriated and the other provisions of this section1 as well as the written determination by such agency head under subsection 7b77#a72 7,,ii7 is necessary to achieve the appropriate quantitative levels for the outcomes described in section #bja7;b7 that the program is designed to achieve1 and is no broader in scope than is necessary to achieve such levels2 and 7,,iii7 will result in-- 7aa7 realizing efficiencies by simplifying reporting burdens or reducing administrative barriers with respect to such discretionary appropriations2 or 7bb7 increasing the ability of individuals to obtain access to services that are provided through such discretionary appropriations2 and 7ii7 provide at least #fj days of advance written notice to the ,committee on ,appropriations of the ,house of ,representatives1 the ,committee on ,appropriations of the ,senate1 and other appropriate committees of ,congress4 7e7 ,prohibited use of assessment for young children ,to participate in a #b-;generation program described in title ,,iii or ,,iv1 an entity shall provide an assurance that the entity will not assess the achievement of children from birth through grade #b1 or programs providing services to such children1 by engaging in activities that include-- 7#a7 assessing such children or programs in a manner that provides or leads to any reward or sanction for any individual child1 teacher1 early childhood education program1 as defined in section #ajc of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajjc71 or school2 7#b7 using a single method for assessing the effectiveness of a program serving such children as the primary or only method for assessing such program2 or 7#c7 evaluating such children for any purpose other than to-- 7,a7 improve instruction or classroom environment2 7,b7 target high-quality1 evidence-based professional development2 7,c7 determine the need for health 7including mental health71 disability1 or family support services2 7,d7 inform the quality improvement process for such programs at the ,state level2 7,e7 evaluate such a program for the purposes of program improvement and providing information to the parents of children participating in such program2 or 7,f7 provide research conducted as part of a national evaluation4 ,,iii ,performance partnership pilot program #cja4 ,definitions ,in this title3 7#a7 ,lead agency ,the term lead agency means the lead agency designated under section #bjb7;a77#a74 7#b7 ,performance partnership pilot ,the term performance partnership pilot means a project that-- 7,a7 seeks to identify1 through a demonstration1 cost-effective strategies for providing services at the ,state1 regional1 or local level2 7,b7 involves two or more ,federal programs 7administered by one or more ,federal agencies7-- 7i7 with related policy goals2 and 7ii7 at least one of which is administered 7in whole or in part7 by a ,state1 local government1 or tribal government2 7,c7 carries out the #b-;generation approach by achieving the outcomes described in section #bja7;b71 including making better use of budgetary resources to seek enhanced outcomes that are cost-effective for regions1 communities1 or vulnerable populations2 and 7,d7 consistent with this title1 allows-- 7i7 an entity participating in the project to combine multiple sources of funding acquired by the entity2 and 7ii7 multiple entities participating in the project to combine sources of funding acquired by the entities4 #cjb4 ,performance partnership pilots 7a7 ,approval of pilots ,in accordance with title ,,ii and this title1 the lead agency shall approve not more than #e performance partnership pilots under the program described in this title1 by entering into performance partnership agreements under subsection 7c74 7b7 ,use of discretionary appropriations ,subject to section #bjb and subsections 7a7 and 7c71 a ,council agency may use discretionary appropriations appropriated to such agency to participate in one or more of the approved performance partnership pilots4 7c7 ,performance partnership agreements 7#a7 ,in general ,a ,council agency may use discretionary appropriations to participate in a performance partnership pilot only in accordance with the terms of a performance partnership agreement1 described in paragraph 7#c71 that is entered into between-- 7,a7 subject to paragraph 7#b71 the lead agency on behalf of each ,council agency participating in such pilot2 and 7,b7 a representative of each ,state1 local government1 or tribal government that has applied for participation in such pilot1 in accordance with application procedures established by the lead agency4 7#b7 ,limitation ,the lead agency may only enter into an agreement under paragraph 7#a7 upon receiving1 from the head of each ,council agency to be participating in such pilot1 a written concurrence to enter into such agreement1 including an agreement that such ,council agency will comply with all requirements under this ,act for participating in such pilot4 7#c7 ,terms of the agreement ,a performance partnership agreement entered into under paragraph 7#a7 shall specify1 at a minimum1 each of the following3 7,a7 ,the length of such agreement1 which shall end not later than #e fiscal years after the date of enactment of this ,act4 7,b7 ,the ,federal programs and federally funded services that are involved in such pilot4 7,c7 ,the discretionary appropriations that are being used in the performance partnership pilot 7by the respective ,federal account identifier1 and the total amount from such account that is being used in such pilot71 and the period of availability for obligation by the ,federal ,government of such funds4 7,d7 ,the non-,federal funds that are being used in such pilot1 by source 7which may include private funds and governmental funds7 and by amount4 7,e7 ,the ,state1 local1 or tribal programs that are involved in such pilot4 7,f7 ,the populations to be served by such pilot4 7,g7 ,the cost-effective ,federal oversight procedures that will be used for the purpose of maintaining the necessary level of accountability for the use of the discretionary appropriations in such pilot4 7,h7 ,the cost-effective ,state1 local1 or tribal oversight procedures that will be used for the purpose of maintaining the necessary level of accountability for the use of the discretionary appropriations in such pilot4 7,i7 ,the outcomes described in section #bja7;b7 that such pilot is designed to achieve and the appropriate quantitative levels for achieving such outcomes4 7,j7 ,the appropriate1 reliable1 and objective outcome-measurement methodology that will be used in carrying out such pilot1 to determine the success of such pilot in achieving any outcome1 and the appropriate quantitative level for achieving such outcome1 specified under subparagraph 7,i74 7,k7 ,any statutory1 regulatory1 or administrative requirements related to a ,federal mandatory program that are barriers to achieving any outcome or level specified under subparagraph 7,i74 7,l7 ,in a case in which1 during the course of such pilot1 it is determined that the pilot is not achieving the appropriate quantitative levels for the outcomes specified under subparagraph 7,i7-- 7i7 any consequence that will result from the failure to achieve such levels1 with respect to the discretionary appropriations that are being used in such pilot2 and 7ii7 the corrective actions that will be taken to increase the likelihood that such pilot1 upon completion1 will have achieved such levels4 #cjc4 ,reporting2 evaluations 7a7 ,state1 local government1 or tribal government reports 7#a7 ,in general ,not later than #ij days after the first day of each fiscal year1 a ,state1 local government1 or tribal government participating 7in whole or in part7 in a performance partnership pilot shall submit a report to the lead agency4 7#b7 ,contents ,the report under paragraph 7#a7 shall include information on-- 7,a7 the progress of such performance partnership pilot in achieving the appropriate quantitative levels for the outcomes the pilot is designed to achieve under section #cjb7;c77#c77;,i71 including data supporting such progress2 and 7,b7 the discretionary appropriations1 and any other funds1 used to carry out such performance partnership pilot4 7b7 ,council agency reports ,not later than #abj days after the first day of each fiscal year1 each ,council agency participating in a performance partnership pilot shall submit a report to the lead agency in such manner and containing such information about the performance partnership pilot as the lead agency may require4 7c7 ,evaluation by ,comptroller ,general 7#a7 ,in general ,the ,comptroller ,general of the ,united ,states shall conduct an evaluation of the #b-;generation program described in this title1 which shall include information describing-- 7,a7 the criteria used by the lead agency to approve performance partnership pilots2 7,b7 the ,states1 local governments1 and tribal governments that participated in any performance partnership pilot2 7,c7 how each such ,state1 local government1 and tribal government used funds received under such performance partnership pilot2 and 7,d7 the success of each performance partnership pilot in achieving the appropriate quantitative levels for the outcomes the pilot is designed to achieve under section #cjb7;c77#c77;,i74 7#b7 ,submission ,not later than #ij days after the first day of each fiscal year1 the ,comptroller ,general of the ,united ,states shall submit a report containing the evaluation conducted under paragraph 7#a7 to the lead agency and the ,council4 7d7 ,lead agency report to the ,council ,not later than #ahj days after the first day of each fiscal year1 the lead agency shall submit a report to the ,council that evaluates the information provided in the reports under subsections 7a71 7b71 and 7c74 #cjd4 ,applicability to existing performance partnership pilots ,nothing in this ,act shall be construed to apply to any performance partnership pilot authorized under section #ebf of the ,departments of ,labor1 ,health and ,human ,services1 and ,education1 and ,related ,agencies ,appropriations ,act1 #bjad 7,public ,law #aac-gf71 section #ebd of the ,departments of ,labor1 ,health and ,human ,services1 and ,education1 and ,related ,agencies ,appropriations ,act1 #bjae 7,public ,law #aac-bce71 or section #ebe of the ,departments of ,labor1 ,health and ,human ,services1 and ,education1 and ,related ,agencies ,appropriations ,act1 #bjaf 7,public ,law #aad-aac74 ,,iv ,social impact bonds pilot program #dja4 ,definitions2 purposes 7a7 ,definitions of social impact bond model and social impact bond project 7#a7 ,social impact bond model ,the term social impact bond model means a method of financing social services in which-- 7,a7 ,federal funds are awarded to a ,state or local government only if such ,state or local government achieves appropriate quantitative levels for certain outcomes agreed upon by the ,state or local government and the lead agency designated under section #bjb7;a77#b72 and 7,b7 the ,state or local government collaborates with service providers1 investors 7if applicable to the project71 and 7if necessary7 an intermediary to identify-- 7i7 an intervention expected to produce such achievement on appropriate quantitative levels2 7ii7 a service provider to deliver the intervention to the target population2 and 7iii7 if applicable1 investors to assist in funding the delivery of the intervention4 7#b7 ,social impact bond project ,the term social impact bond project means a project that finances social services using a social impact bond model4 7b7 ,purposes ,the purposes of this title are the following3 7#a7 ,to reduce poverty among parents and children4 7#b7 ,to improve the lives of families and individuals in need in the ,united ,states by funding social programs that achieve real results4 7#c7 ,to ensure ,federal funds are used effectively on social services to produce positive outcomes for both service recipients and taxpayers4 7#d7 ,to establish programs that lessen the poverty burden families face in the short-term while fostering opportunities for families to achieve long-term success4 7#e7 ,to establish the use of social impact bonds to address some of our ,nation's most pressing problems4 7#f7 ,to facilitate the creation of public-private partnerships that bundle philanthropic and other private resources with existing public spending to scale up effective social interventions already being implemented by private organizations1 nonprofits1 charitable organizations1 and local governments across the country4 7#g7 ,to bring pay-for-performance to the social sector1 allowing the ,united ,states to improve the impact and effectiveness of vital social programs4 #djb4 ,social impact bond application 7a7 ,notice ,not later than #a year after the date of the enactment of this ,act1 the agency designated by the ,council under section #bjb7;a77#b7 7referred to in this title as the lead agency71 in consultation with the ,council1 shall publish in the ,federal ,register a notice that the lead agency is seeking proposals from ,states or local governments for social impact bond projects in accordance with this section4 7b7 ,requirements for social impact bond projects ,to qualify as a social impact bond project under this title1 the services provided by the ,state or local government through the project must-- 7#a7 produce social benefits and ,federal savings by achieving outcomes under section #bja7;b7 at the appropriate quantitative levels2 and 7#b7 supplement and not supplant any services provided by the ,state or local government prior to the commencement of the project4 7c7 ,feasibility study required ,the notice described in subsection 7a7 shall require a ,state or local government to submit a feasibility study for the social impact bond project that contains the following information3 7#a7 ,the outcome goals of the project4 7#b7 ,a description of each intervention in the project and the anticipated outcome of such intervention4 7#c7 ,rigorous evidence demonstrating that the intervention can be expected to produce the desired outcome4 7#d7 ,the target population that will be served by the project4 7#e7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#f7 ,projected ,federal1 ,state1 and local government costs and other costs to conduct the project4 7#g7 ,projected ,federal1 ,state1 and local government savings and other savings1 including an estimate prepared by the ,state or local government of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 if the project is implemented and the outcomes are achieved4 7#h7 ,if savings resulting from the successful completion of the project are estimated to accrue to the ,state or local government1 the likelihood of the ,state or local government to realize those savings4 7#i7 ,a plan for delivering the intervention through a social impact bond model4 7#aj7 ,a description of the expertise of each service provider that will administer the intervention4 7#aa7 ,an explanation of the experience of the ,state or local government1 the intermediary1 or the service provider in raising private and philanthropic capital to fund social service investments4 7#ab7 ,the detailed roles and responsibilities of each entity involved in the project1 including any ,state or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7#ac7 ,a summary of the experience of the service provider delivering the proposed intervention1 a similar intervention1 or a summary demonstrating the service provider has the expertise necessary to deliver the intervention4 7#ad7 ,a summary of the unmet need in the area where the intervention will be delivered or among the target population who will receive the intervention4 7#ae7 ,the payment terms1 the methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7#af7 ,the project budget4 7#ag7 ,the project timeline4 7#ah7 ,the criteria used to determine the eligibility of an individual for the project1 including how selected populations will be identified1 how they will be referred to the project1 and how they will be enrolled in the project4 7#ai7 ,the evaluation design4 7#bj7 ,the metrics that will be used to determine whether the outcomes have been achieved and how such metrics will be measured4 7#ba7 ,a summary explaining the independence of the evaluator from the other entities involved in the project and the evaluator's experience in conducting rigorous evaluations of program effectiveness including1 where available1 well-implemented randomized controlled trials on the intervention or similar interventions4 7#bb7 ,the capacity of the service provider to deliver the intervention to the number of participants the ,state or local government proposes to serve in the project4 7#bc7 ,an assurance that the services provided by the ,state or local government through the project will supplement and not supplant any services provided by the ,state or local government prior to the commencement of the project4 7d7 ,project intermediary information required ,the feasibility study described in subsection 7c7 shall also contain the following information about the intermediary for the social impact bond project 7whether the intermediary is the service provider or other entity73 7#a7 ,experience and capacity for providing or facilitating the provision of the type of intervention proposed4 7#b7 ,the mission and goals4 7#c7 ,information on whether the intermediary is already working with service providers that provide this intervention or an explanation of the capacity of the intermediary to begin working with service providers to provide the intervention4 7#d7 ,experience working in a collaborative environment across government and nongovernmental entities4 7#e7 ,previous experience collaborating with public or private entities to implement evidence-based programs4 7#f7 ,ability to raise or provide funding to cover operating costs 7if applicable to the project74 7#g7 ,capacity and infrastructure to track outcomes and measure results1 including-- 7,a7 capacity to track and analyze program performance2 and 7,b7 experience with performance-based contracting and achieving project milestones and targets4 7#h7 ,role in delivering the intervention4 7#i7 ,how the intermediary would monitor program success1 including a description of the interim benchmarks and outcome measures4 #djc4 ,awarding social impact bond contracts 7a7 ,timeline in awarding contract ,not later than #f months after receiving an application in accordance with section #djb1 the lead agency shall determine whether to enter into a contract for a social impact bond project with a ,state or local government4 7b7 ,considerations in ,awarding ,contract ,in determining whether to enter into a contract for a social impact bond project 7the application for which was submitted under section #djb7 the lead agency1 in consultation with the ,council and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 shall consider each of the following3 7#a7 ,the value to the ,federal ,government of the outcome expected to be achieved if the outcomes specified in the contract are met at the appropriate quantitative levels4 7#b7 ,the ability of the ,state or local government in collaboration with the intermediary and the service providers to achieve the outcomes at the appropriate quantitative levels4 7#c7 ,the savings to the ,federal ,government if the outcomes specified in the contract are met at the appropriate quantitative levels4 7#d7 ,the savings to the ,state and local governments if the outcomes specified in the contract are met at the appropriate quantitative levels4 7#e7 ,the expected quality of the evaluation that would be conducted with respect to the contract4 7c7 ,contract ,authority 7#a7 ,contract requirements ,in accordance with this section1 the lead agency1 in consultation with the ,council and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 may enter into a contract for a social impact bond project with a ,state or local government if the lead agency determines that each of the following requirements are met3 7,a7 ,the ,state or local government agrees to achieve an outcome specified in the contract at the appropriate quantitative level in order to receive payment4 7,b7 ,the ,federal payment to the ,state or local government for each outcome specified is less than or equal to the value of the outcome to the ,federal ,government over a period not to exceed #ae years1 as determined by the lead agency1 in consultation with the ,state or local government4 7,c7 ,the duration of the project does not exceed #ae years1 unless the lead agency grants an extension pursuant to paragraph 7#c77;,b74 7,d7 ,the ,state or local government has demonstrated1 through the application submitted under section #djb1 that1 based on prior rigorous experimental evaluations or rigorous quasi-experimental studies1 the intervention can be expected to achieve each outcome specified in the contract at the appropriate quantitative level4 7,e7 ,the ,state1 local government1 intermediary1 or service provider has experience raising private or philanthropic capital to fund social service investments 7if applicable to the project74 7,f7 ,the ,state or local government has shown that each service provider has experience delivering the intervention1 a similar intervention1 or has otherwise demonstrated the expertise necessary to deliver the intervention4 7#b7 ,payment ,the lead agency shall pay the ,state or local government only if the independent evaluator described in section #dje determines that the social impact bond project has met the requirements specified in the contract and achieved an outcome specified in the contract4 7#c7 ,limitation2 optional extension to achieve savings 7,a7 ,in general ,subject to subparagraph 7,b71 the lead agency may not enter into a contract for a social impact bond project under paragraph 7#a7 after the date that is #e years after the date of the enactment of this ,act4 7,b7 ,extension ,if the lead agency determines that a social impact bond project that has not achieved the ,federal savings it was projected to achieve would achieve such savings if the project were continued for a period that is not greater than #e years1 the lead agency may extend the project for not more than #e additional years without requiring the ,state or local government conducting the project to resubmit an application in accordance with section #djb4 7d7 ,notice of contract award ,not later than #cj days after entering into a contract under this section1 the lead agency shall publish a notice in the ,federal ,register that includes1 with regard to such contract1 the following3 7#a7 ,the outcome goals of the social impact bond project4 7#b7 ,a description of each intervention in the project4 7#c7 ,the target population that will be served by the project4 7#d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#e7 ,the detailed roles1 responsibilities1 and purposes of each ,federal1 ,state1 or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7#f7 ,the payment terms1 the methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7#g7 ,the project budget4 7#h7 ,the project timeline4 7#i7 ,the project eligibility criteria4 7#aj7 ,the evaluation design4 7#aa7 ,the metrics that will be used to determine whether the outcomes have been achieved and how these metrics will be measured1 including scenarios when only partial outcomes have been achieved4 7#ab7 ,the estimate prepared by the ,state or local government of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 if the contract is entered into and implemented and the outcomes are achieved4 #djd4 ,feasibility study funding 7a7 ,requests for funding for feasibility studies ,the lead agency shall reserve a portion of the funding provided in section #djh to assist ,states or local governments in developing feasibility studies required by section #djb7;c74 ,to be eligible to receive funding to assist with completing a feasibility study1 a ,state or local government shall submit an application for feasibility study funding containing the following information3 7#a7 ,a description of the outcome goals of the social impact bond project4 7#b7 ,a description of the intervention1 including anticipated program design1 target population1 an estimate regarding the number of individuals to be served1 and setting for the intervention4 7#c7 ,evidence to support the likelihood that such intervention will produce the desired outcome4 7#d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#e7 ,estimated costs to conduct the project4 7#f7 ,estimates of ,federal1 ,state1 and local government savings and other savings if the project is implemented and the outcomes are achieved at the appropriate quantitative levels4 7#g7 ,an estimated timeline for implementation and completion of the project1 which shall not exceed #ae years4 7#h7 ,with respect to a project for which the ,state or local government selects an intermediary to operate the project1 any partnerships needed to successfully execute the project1 the ability of the intermediary to foster such partnerships1 the identity of likely partners1 and whether commitments to participate in the project have been secured from such partners4 7#i7 ,the expected resources needed to complete the feasibility study4 7#aj7 ,an assurance that the services provided by the ,state or local government through the project will supplement and not supplant any services provided by the ,state or local government prior to the commencement of the project4 7b7 ,federal selection of applications for feasibility study ,not later than #f months after receiving an application for feasibility study funding under subsection 7a71 the lead agency1 in consultation with the ,council and the head of any ,federal agency administering a similar intervention or serving a population similar to that served by the project1 shall select ,state or local government feasibility study proposals for funding based on the following3 7#a7 ,the likelihood that the proposal will achieve the desired outcome at the appropriate quantitative level4 7#b7 ,the value of the outcome expected to be achieved4 7#c7 ,the potential savings to the ,federal ,government if the social impact bond project is successful4 7#d7 ,the potential savings to the ,state and local governments if the project is successful4 7c7 ,public disclosure ,not later than #cj days after selecting a ,state or local government for feasibility study funding under this section1 the lead agency shall publish on the website of the ,council information explaining why a ,state or local government was granted feasibility study funding4 7d7 ,funding restriction 7#a7 ,feasibility study restriction ,the lead agency may not provide feasibility study funding under this section for more than #ej percent of the estimated total cost of the feasibility study reported in the ,state or local government application submitted under subsection 7a74 7#b7 ,aggregate restriction ,of the total amount appropriated under section #djh1 the lead agency may not use more than #e1jjj1jjj to provide feasibility study funding to ,states or local governments under this section4 7e7 ,submission of feasibility study required ,not later than #f months after the receipt of feasibility study funding under this section1 a ,state or local government receiving such funding shall complete the feasibility study and submit the study to the ,council4 #dje4 ,evaluations 7a7 ,contract ,authority ,for each ,state or local government awarded a social impact bond project approved by the lead agency under this title1 the head of the relevant agency1 as determined by the ,council1 shall enter into a contract with such ,state or local government to pay1 from the amount made available under section #djh1 for an independent evaluation to determine whether the ,state or local government project has met an outcome specified in the contract at the appropriate quantitative level in order for the ,state or local government to receive outcome payments under this title4 7b7 ,evaluator ,qualifications ,the head of the relevant agency may not enter into a contract with a ,state or local government unless the head determines that the entity that will serve as the independent evaluator is independent of the other parties to the contract and has demonstrated substantial experience in conducting rigorous evaluations of program effectiveness including1 where available1 well-implemented randomized controlled trials on the intervention or similar interventions4 7c7 ,methodologies ,to ,be ,used ,the evaluation used to determine whether a ,state or local government will receive outcome payments under this title shall use experimental designs using random assignment or other research methodologies that allow for the strongest possible causal inferences when random assignment is not feasible4 7d7 ,progress ,report 7#a7 ,submission of report ,the independent evaluator shall-- 7,a7 not later than two years after a project has been approved by the lead agency and biannually thereafter until the project is concluded1 submit to the head of the relevant agency and the ,council a written report summarizing the progress that has been made in achieving each outcome specified in the contract at the appropriate quantitative level2 and 7,b7 at the scheduled time of the first outcome payment and at the time of each subsequent payment1 submit to the head of the relevant agency and the ,council a written report that includes the results of the evaluation conducted to determine whether an outcome payment should be made along with information on the unique factors that contributed to achieving or failing to achieve the outcome1 the challenges faced in attempting to achieve the outcome1 and information on the improved future delivery of this or similar interventions4 7#b7 ,submission to ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,council shall submit such report to each committee of jurisdiction in the ,house of ,representatives and the ,senate4 7e7 ,final ,report 7#a7 ,submission of report ,within #f months after the social impact bond project is completed1 the independent evaluator shall-- 7,a7 evaluate the effects of the activities undertaken pursuant to the contract with regard to each outcome specified in the contract2 and 7,b7 submit to the head of the relevant agency and the ,council a written report that includes the results of the evaluation and the conclusion of the evaluator as to whether the ,state or local government has fulfilled each obligation of the contract1 along with information on the unique factors that contributed to the success or failure of the project1 the challenges faced in attempting to achieve the outcome1 and information on the improved future delivery of this or similar interventions4 7#b7 ,submission to ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,council shall submit such report to each committee of jurisdiction in the ,house of ,representatives and the ,senate4 7f7 ,limitation on ,cost of ,evaluations ,of the amount made available for social impact bond projects in section #djh1 the lead agency may not obligate more than #ae percent to evaluate the implementation and outcomes of such projects4 #djf4 ,role of ,interagency ,council on ,multigenerational ,poverty ,the ,council shall-- 7#a7 coordinate the efforts of social impact bond projects funded by this title2 7#b7 advise and assist the lead agency in the development and implementation of such projects2 7#c7 advise the lead agency on specific programmatic and policy matter related to such projects2 7#d7 provide subject matter expertise to ,council member agencies with regard to such projects2 7#e7 ensure that each ,state or local government that has entered into a contract with the lead agency for a social impact bond project under this title and each evaluator selected by the head of the relevant agency under section #dje has access to ,federal administrative data to assist the ,state or local government and the evaluator in evaluating the performance and outcomes of the project2 and 7#f7 address issues that will influence the future of social impact bond projects in the ,united ,states4 #djg4 ,availability of information related to social impact bond projects ,the ,council shall make publicly available1 on its official website1 a description of the #b-;generation program described in this title and information related to the social impact bond projects conducted under this title1 including-- 7#a7 a copy of1 or method of accessing1 each notice published regarding a social impact bond project pursuant to such title2 and 7#b7 for each social impact bond project conducted under such title-- 7,a7 the outcome goals of such project described in section #djb7;b72 7,b7 a description of each intervention in such project2 7,c7 the target population to be served by such project2 7,d7 the expected social benefits to participants who receive intervention in each such project and other individuals who may be impacted by such intervention2 7,e7 the detailed roles1 responsibilities1 and purposes of each ,federal1 ,state1 or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder2 7,f7 the payment terms1 methodology used to calculate outcome payments1 payment schedule1 and performance thresholds2 7,g7 the project budget2 7,h7 the project timeline2 7,i7 the project eligibility criteria2 7,j7 the evaluation design2 7,k7 the metrics used to determine whether the proposed outcomes have been achieved and how these metrics are measured2 7,l7 a copy of the progress reports and the final reports described in section #dje relating to each social impact bond project2 and 7,m7 an estimate of the savings to ,federal1 ,state1 and local governments1 on a program-by-program basis and in the aggregate1 resulting from the successful completion of a social impact bond project4 #djh4 ,funding 7a7 ,in general ,out of any money in the ,treasury not otherwise appropriated1 there is hereby appropriated #ajj1jjj1jjj1 to remain available until #e years after the date specified in section #djc7;c77#c71 to carry out the activities authorized under this title4 7b7 ,limitation ,of the amounts made available under subsection 7a71 the lead agency may not use more than #a1jjj1jjj in any fiscal year to support the review1 approval1 and oversight of social impact bond projects1 including activities conducted by-- 7#a7 the ,council2 and 7#b7 any other agency consulted by the lead agency before approving a social impact bond project under section #djc or awarding funding for a feasibility study under section #djd4 #dji4 ,community ,reinvestment ,act ,section #hjd of the ,community ,reinvestment ,act of #aigg 7#ab ,u4,s4,c4 #bijc7 is amended by adding at the end the following3 7e7 ,social impact bond projects ,in assessing and taking into account1 under subsection 7a71 the record of a financial institution1 the appropriate ,federal financial supervisory agency shall consider1 as a factor1 investments made by the financial institution in social impact bond projects under title ,,iv of the ,two-,generation ,economic ,empowerment ,act of #bjag4 4