,,ii #aaeth ,,congress #ast ,session ,s4 #ifc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #bg1 #bjag ,mr4 ,young 7for himself1 ,mr4 ,bennet1 ,ms4 ,collins1 and ,mr4 ,booker7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to encourage and support partnerships between the public and private sectors to improve our ,nation's social programs1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,social ,impact ,partnerships to ,pay for ,results ,act4 #b4 ,social ,impact ,partnerships to ,pay for ,results ,title ,,xx of the ,social ,security ,act 7#db ,u4,s4,c4 #acig et seq47 is amended-- 7#a7 in the title heading1 by striking to ,states and inserting and ,programs for2 and 7#b7 by adding at the end the following new subtitle3 ,c ,social ,impact ,partnerships #bjea4 ,purposes ,the purposes of this subtitle are the following3 7#a7 ,to improve the lives of families and individuals in need in the ,united ,states by funding social programs that achieve real results4 7#b7 ,to redirect funds away from programs that1 based on objective data1 are ineffective1 and into programs that achieve demonstrable1 measurable results4 7#c7 ,to ensure ,federal funds are used effectively on social services to produce positive outcomes for both service recipients and taxpayers4 7#d7 ,to establish the use of social impact partnerships to address some of our ,nation's most pressing problems4 7#e7 ,to facilitate the creation of public-private partnerships that bundle philanthropic or other private resources with existing public spending to scale up effective social interventions already being implemented by private organizations1 nonprofits1 charitable organizations1 and ,state and local governments across the country4 7#f7 ,to bring pay-for-performance to the social sector1 allowing the ,united ,states to improve the impact and effectiveness of vital social services programs while redirecting inefficient or duplicative spending4 7#g7 ,to incorporate outcomes measurement and randomized controlled trials or other rigorous methodologies for assessing program impact4 #bjeb4 ,social impact partnership application 7a7 ,notice ,not later than #a year after the date of the enactment of this subtitle1 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships1 shall publish in the ,federal ,register a request for proposals from ,states or local governments for social impact partnership projects in accordance with this section4 7b7 ,required outcomes for social impact partnership project ,to qualify as a social impact partnership project under this subtitle1 a project must produce one or more measurable1 clearly defined outcomes that result in social benefit and ,federal savings through any of the following3 7#a7 ,increasing work and earnings by individuals in the ,united ,states who are unemployed for more than #f consecutive months4 7#b7 ,increasing employment and earnings of individuals who have attained #af years of age but not #be years of age4 7#c7 ,increasing employment among individuals receiving ,federal disability benefits4 7#d7 ,reducing the dependence of low-income families on ,federal means-tested benefits4 7#e7 ,improving rates of high school graduation4 7#f7 ,reducing teen and unplanned pregnancies4 7#g7 ,improving birth outcomes and early childhood health and development among low-income families and individuals4 7#h7 ,reducing rates of asthma1 diabetes1 or other preventable diseases among low-income families and individuals to reduce the utilization of emergency and other high-cost care4 7#i7 ,increasing the proportion of children living in two-parent families4 7#aj7 ,reducing incidences and adverse consequences of child abuse and neglect4 7#aa7 ,reducing the number of youth in foster care by increasing adoptions1 permanent guardianship arrangements1 reunifications1 or placements with a fit and willing relative1 or by avoiding placing children in foster care by ensuring they can be cared for safely in their own homes4 7#ab7 ,reducing the number of children and youth in foster care residing in group homes1 child care institutions1 agency-operated foster homes1 or other non-family foster homes1 unless it is determined that it is in the interest of the child's long-term health1 safety1 or psychological well-being to not be placed in a family foster home4 7#ac7 ,reducing the number of children returning to foster care4 7#ad7 ,reducing recidivism among juvenile offenders1 individuals released from prison1 or other high-risk populations4 7#ae7 ,reducing the rate of homelessness among our most vulnerable populations4 7#af7 ,improving the health and well-being of those with mental1 emotional1 and behavioral health needs4 7#ag7 ,improving the educational outcomes of special-needs or low-income children4 7#ah7 ,improving the employment and well-being of returning ,united ,states military members4 7#ai7 ,increasing the financial stability of low-income families4 7#bj7 ,increasing the independence and employability of individuals who are physically or mentally disabled4 7#ba7 ,other measurable outcomes defined by the ,state or local government that result in positive social outcomes and ,federal savings4 7c7 ,application required ,the notice described in subsection 7a7 shall require a ,state or local government to submit an application for the social impact partnership project that addresses the following3 7#a7 ,the outcome goals of the project4 7#b7 ,a description of each intervention in the project and anticipated outcomes of the intervention4 7#c7 ,rigorous evidence demonstrating that the intervention can be expected to produce the desired outcomes4 7#d7 ,the target population that will be served by the project4 7#e7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#f7 ,projected ,federal1 ,state1 and local government costs and other costs to conduct the project4 7#g7 ,projected ,federal1 ,state1 and local government savings and other savings1 including an estimate of the savings to the ,federal ,government1 on a program-by-program basis and in the aggregate1 if the project is implemented and the outcomes are achieved as a result of the intervention4 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 partnership model4 7#aj7 ,a description of the expertise of each service provider that will administer the intervention1 including a summary of the experience of the service provider in delivering the proposed intervention or a similar intervention1 or demonstrating that the service provider has the expertise necessary to deliver the proposed 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 in delivering the proposed intervention or a similar intervention1 or a summary demonstrating the service provider has the expertise necessary to deliver the proposed intervention4 7#ad7 ,a summary of the unmet need in the area where the intervention will be delivered or among the target population who will receive the intervention4 7#ae7 ,the proposed 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 in the evaluation to determine whether the outcomes have been achieved as a result of the intervention and how the metrics will be measured4 7#ba7 ,an explanation of how the metrics used in the evaluation to determine whether the outcomes achieved as a result of the intervention are independent1 objective indicators of impact and are not subject to manipulation by the service provider1 intermediary1 or investor4 7#bb7 ,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#bc7 ,any potential payment disputes related to the outcomes of the evaluation4 7#bd7 ,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#be7 ,a description of whether and how the ,state or local government and service providers plan to sustain the intervention1 if it is timely and appropriate to do so1 to ensure that successful interventions continue to operate after the period of the social impact partnership4 7d7 ,project intermediary information required ,the application described in subsection 7c7 shall also contain the following information about any intermediary for the social impact partnership project 7whether an intermediary is a 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 performance and assess program impact2 and 7,b7 experience with performance-based awards or 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 7e7 ,feasibility studies funded through other sources ,the notice described in subsection 7a7 shall permit a ,state or local government to submit an application for social impact partnership funding that contains information from a feasibility study developed for purposes other than applying for funding under this subtitle4 #bjec4 ,awarding social impact partnership agreements 7a7 ,timeline in awarding agreement ,not later than #f months after receiving an application in accordance with section #bjeb1 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships1 shall determine whether to enter into an agreement for a social impact partnership project with a ,state or local government4 7b7 ,considerations in awarding agreement ,in determining whether to enter into an agreement for a social impact partnership project 7the application for which was submitted under section #bjeb7 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships 7established by section #bjef7 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 recommendations made by the ,commission on ,social ,impact ,partnerships4 7#b7 ,the value to the ,federal ,government of the outcomes expected to be achieved if the outcomes specified in the agreement are achieved as a result of the intervention4 7#c7 ,the likelihood1 based on evidence provided in the application and other evidence1 that the ,state or local government in collaboration with the intermediary and the service providers will achieve the outcomes4 7#d7 ,the savings to the ,federal ,government if the outcomes specified in the agreement are achieved as a result of the intervention4 7#e7 ,the savings to the ,state and local governments if the outcomes specified in the agreement are achieved as a result of the intervention4 7#f7 ,the expected quality of the evaluation that would be conducted with respect to the agreement4 7#g7 ,the capacity and commitment of the ,state or local government to sustain the intervention1 if appropriate and timely and if the intervention is successful1 beyond the period of the social impact partnership4 7c7 ,agreement authority 7#a7 ,agreement requirements ,the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships 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 an agreement for a social impact partnership project with a ,state or local government if the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships1 determines that each of the following requirements are met3 7,a7 ,the ,state or local government agrees to achieve one or more outcomes as a result of the intervention1 as specified in the agreement and validated by independent evaluation1 in order to receive payment4 7,b7 ,the ,federal payment to the ,state or local government for each specified outcome achieved as a result of the intervention is less than or equal to the value of the outcome to the ,federal ,government over a period not to exceed #aj years1 as determined by the ,secretary1 in consultation with the ,state or local government4 7,c7 ,the duration of the project does not exceed #aj years4 7,d7 ,the ,state or local government has demonstrated1 through the application submitted under section #bjeb1 that1 based on prior rigorous experimental evaluations or rigorous quasi-experimental studies1 the intervention can be expected to achieve each outcome specified in the agreement4 7,e7 ,the ,state1 local government1 intermediary1 or service provider has experience raising private or philanthropic capital to fund social service investments 7if applicable to the project74 7,f7 ,the ,state or local government has shown that each service provider has experience delivering the intervention1 a similar intervention1 or has otherwise demonstrated the expertise necessary to deliver the intervention4 7#b7 ,payment ,the ,secretary shall pay the ,state or local government only if the independent evaluator described in section #bjee determines that the social impact partnership project has met the requirements specified in the agreement and achieved an outcome as a result of the intervention1 as specified in the agreement and validated by independent evaluation4 7#c7 ,limitation ,the ,secretary may not enter into a contract for a social impact partnership project under paragraph 7#a7 after the date that is #aj years after the date of enactment of the ,social ,impact ,partnerships to ,pay for ,results ,act4 7d7 ,notice of agreement award ,not later than #cj days after entering into an agreement under this section1 the ,secretary shall publish a notice in the ,federal ,register that includes1 with regard to the agreement1 the following3 7#a7 ,the outcome goals of the social impact partnership 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 in the evaluation to determine whether the outcomes have been achieved as a result of each intervention and how these metrics will be measured4 7#ab7 ,the estimate of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 if the agreement is entered into and implemented and the outcomes are achieved as a result of each intervention4 7e7 ,authority ,to transfer administration of agreement ,the ,secretary may transfer to the head of another ,federal agency the authority to administer 7including making payments under7 an agreement entered into under this section1 and any funds necessary to do so4 7f7 ,requirement on funding used ,to benefit children ,not less than #ej percent of all ,federal payments made to carry out agreements under this section shall be used for initiatives that directly benefit children4 #bjed4 ,feasibility study funding 7a7 ,requests for funding for feasibility studies ,the ,secretary shall reserve a portion of the amounts appropriated to carry out this subtitle to assist ,states or local governments in developing feasibility studies to apply for social impact partnership funding under section #bjeb4 ,to be eligible to receive funding to assist with completing a feasibility study1 a ,state or local government shall submit an application for feasibility study funding addressing the following3 7#a7 ,a description of the outcome goals of the social impact partnership 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 the intervention will produce the desired outcomes4 7#d7 ,a description of the potential metrics to be used4 7#e7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7#f7 ,estimated costs to conduct the project4 7#g7 ,estimates of ,federal1 ,state1 and local government savings and other savings if the project is implemented and the outcomes are achieved as a result of each intervention4 7#h7 ,an estimated timeline for implementation and completion of the project1 which shall not exceed #aj years4 7#i7 ,with respect to a project for which the ,state or local government selects an intermediary to operate the project1 any partnerships needed to successfully execute the project and the ability of the intermediary to foster the partnerships4 7#aj7 ,the expected resources needed to complete the feasibility study for the ,state or local government to apply for social impact partnership funding under section #bjeb4 7b7 ,federal selection of applications for feasibility study ,not later than #f months after receiving an application for feasibility study funding under subsection 7a71 the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships 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 recommendations made by the ,commission on ,social ,impact ,partnerships4 7#b7 ,the likelihood that the proposal will achieve the desired outcomes4 7#c7 ,the value of the outcomes expected to be achieved as a result of each intervention4 7#d7 ,the potential savings to the ,federal ,government if the social impact partnership project is successful4 7#e7 ,the potential savings to the ,state and local governments if the project is successful4 7c7 ,public disclosure ,not later than #cj days after selecting a ,state or local government for feasibility study funding under this section1 the ,secretary shall cause to be published on the website of the ,federal ,interagency ,council on ,social ,impact ,partnerships information explaining why a ,state or local government was granted feasibility study funding4 7d7 ,funding restriction 7#a7 ,feasibility study restriction ,the ,secretary 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 amounts appropriated to carry out this subtitle1 the ,secretary may not use more than #aj1jjj1jjj to provide feasibility study funding to ,states or local governments under this section4 7#c7 ,no guarantee of funding ,the ,secretary shall have the option to award no funding under this section4 7e7 ,submission of feasibility study required ,not later than #i months after the receipt of feasibility study funding under this section1 a ,state or local government receiving the funding shall complete the feasibility study and submit the study to the ,federal ,interagency ,council on ,social ,impact ,partnerships4 7f7 ,delegation of authority ,the ,secretary may transfer to the head of another ,federal agency the authorities provided in this section and any funds necessary to exercise the authorities4 #bjee4 ,evaluations 7a7 ,authority ,to enter into agreements ,for each ,state or local government awarded a social impact partnership project approved by the ,secretary under this subtitle1 the head of the relevant agency1 as recommended by the ,federal ,interagency ,council on ,social ,impact ,partnerships and determined by the ,secretary1 shall enter into an agreement with the ,state or local government to pay for all or part of the independent evaluation to determine whether the ,state or local government project has achieved a specific outcome as a result of the intervention in order for the ,state or local government to receive outcome payments under this subtitle4 7b7 ,evaluator qualifications ,the head of the relevant agency may not enter into an agreement with a ,state or local government unless the head determines that the evaluator is independent of the other parties to the agreement and has demonstrated substantial experience in conducting rigorous evaluations of program effectiveness including1 where available and appropriate1 well-implemented randomized controlled trials on the intervention or similar interventions4 7c7 ,methodologies ,to be used ,the evaluation used to determine whether a ,state or local government will receive outcome payments under this subtitle shall use experimental designs using random assignment or other reliable1 evidence-based research methodologies1 as certified by the ,federal ,interagency ,council on ,social ,impact ,partnerships1 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 #b years after a project has been approved by the ,secretary and biannually thereafter until the project is concluded1 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,partnerships a written report summarizing the progress that has been made in achieving each outcome specified in the agreement2 and 7,b7 before the scheduled time of the first outcome payment and before the scheduled time of each subsequent payment1 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,partnerships 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 the ,secretary and ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,federal ,interagency ,council on ,social ,impact ,partnerships shall submit the report to the ,secretary and 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 partnership project is completed1 the independent evaluator shall-- 7,a7 evaluate the effects of the activities undertaken pursuant to the agreement with regard to each outcome specified in the agreement2 and 7,b7 submit to the head of the relevant agency and the ,federal ,interagency ,council on ,social ,impact ,partnerships 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 agreement1 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 the ,secretary and ,congress ,not later than #cj days after receipt of the written report pursuant to paragraph 7#a77;,b71 the ,federal ,interagency ,council on ,social ,impact ,partnerships shall submit the report to the ,secretary and each committee of jurisdiction in the ,house of ,representatives and the ,senate4 7f7 ,limitation on cost of evaluations ,of the amounts appropriated to carry out this subtitle1 the ,secretary may not obligate more than #ae percent to evaluate the implementation and outcomes of the projects4 7g7 ,delegation of authority ,the ,secretary may transfer to the head of another ,federal agency the authorities provided in this section and any funds necessary to exercise the authorities4 #bjef4 ,federal interagency council on social impact partnerships 7a7 ,establishment ,there is established the ,federal ,interagency ,council on ,social ,impact ,partnerships 7in this section referred to as the ,council7 to-- 7#a7 coordinate with the ,secretary on the efforts of social impact partnership projects funded under this subtitle2 7#b7 advise and assist the ,secretary in the development and implementation of the projects2 7#c7 advise the ,secretary on specific programmatic and policy matter related to the projects2 7#d7 provide subject-matter expertise to the ,secretary with regard to the projects2 7#e7 certify to the ,secretary that each ,state or local government that has entered into an agreement with the ,secretary for a social impact partnership project under this subtitle and each evaluator selected by the head of the relevant agency under section #bjee has access to ,federal administrative data to assist the ,state or local government and the evaluator in evaluating the performance and outcomes of the project2 7#f7 address issues that will influence the future of social impact partnership projects in the ,united ,states2 7#g7 provide guidance to the executive branch on the future of social impact partnership projects in the ,united ,states2 7#h7 prior to approval by the ,secretary1 certify that each ,state and local government application for a social impact partnership contains rigorous1 independent data and reliable1 evidence-based research methodologies to support the conclusion that the project will yield savings to the ,state or local government or the ,federal ,government if the project outcomes are achieved2 7#i7 certify to the ,secretary1 in the case of each approved social impact partnership that is expected to yield savings to the ,federal ,government1 that the project will yield a projected savings to the ,federal ,government if the project outcomes are achieved1 and coordinate with the relevant ,federal agency to produce an after-action accounting once the project is complete to determine the actual ,federal savings realized1 and the extent to which actual savings aligned with projected savings2 and 7#aj7 provide periodic reports to the ,secretary and make available reports periodically to ,congress and the public on the implementation of this subtitle4 7b7 ,composition of council ,the ,council shall have #aa members1 as follows3 7#a7 ,chair ,the ,chair of the ,council shall be the ,director of the ,office of ,management and ,budget4 7#b7 ,other members ,the head of each of the following entities shall designate one officer or employee of the entity to be a ,council member3 7,a7 ,the ,department of ,labor4 7,b7 ,the ,department of ,health and ,human ,services4 7,c7 ,the ,social ,security ,administration4 7,d7 ,the ,department of ,agriculture4 7,e7 ,the ,department of ,justice4 7,f7 ,the ,department of ,housing and ,urban ,development4 7,g7 ,the ,department of ,education4 7,h7 ,the ,department of ,veterans ,affairs4 7,i7 ,the ,department of the ,treasury4 7,j7 ,the ,corporation for ,national and ,community ,service4 #bjeg4 ,commission on social impact partnerships 7a7 ,establishment ,there is established the ,commission on ,social ,impact ,partnerships 7in this section referred to as the ,commission74 7b7 ,duties ,the duties of the ,commission shall be to-- 7#a7 assist the ,secretary and the ,federal ,interagency ,council on ,social ,impact ,partnerships in reviewing applications for funding under this subtitle2 7#b7 make recommendations to the ,secretary and the ,federal ,interagency ,council on ,social ,impact ,partnerships regarding the funding of social impact partnership agreements and feasibility studies2 and 7#c7 provide other assistance and information as requested by the ,secretary or the ,federal ,interagency ,council on ,social ,impact ,partnerships4 7c7 ,composition ,the ,commission shall be composed of nine members1 of whom-- 7#a7 one shall be appointed by the ,president1 who will serve as the ,chair of the ,commission2 7#b7 one shall be appointed by the ,majority ,leader of the ,senate2 7#c7 one shall be appointed by the ,minority ,leader of the ,senate2 7#d7 one shall be appointed by the ,speaker of the ,house of ,representatives2 7#e7 one shall be appointed by the ,minority ,leader of the ,house of ,representatives2 7#f7 one shall be appointed by the ,chairman of the ,committee on ,finance of the ,senate2 7#g7 one shall be appointed by the ranking member of the ,committee on ,finance of the ,senate2 7#h7 one member shall be appointed by the ,chairman of the ,committee on ,ways and ,means of the ,house of ,representatives2 and 7#i7 one shall be appointed by the ranking member of the ,committee on ,ways and ,means of the ,house of ,representatives4 7d7 ,qualifications of commission members ,the members of the ,commission shall-- 7#a7 be experienced in finance1 economics1 pay for performance1 or program evaluation2 7#b7 have relevant professional or personal experience in a field related to one or more of the outcomes listed in section #bjeb7;b72 or 7#c7 be qualified to review applications for social impact partnership projects to determine whether the proposed metrics and evaluation methodologies are appropriately rigorous and reliant upon independent data and evidence-based research4 7e7 ,timing of appointments ,the appointments of the members of the ,commission shall be made not later than #abj days after the date of the enactment of this subtitle1 or1 in the event of a vacancy1 not later than #ij days after the date the vacancy arises4 ,if a member of ,congress fails to appoint a member by that date1 the ,president may select a member of the ,president's choice on behalf of the member of ,congress4 ,notwithstanding the preceding sentence1 if not all appointments have been made to the ,commission as of that date1 the ,commission may operate with no fewer than #e members until all appointments have been made4 7f7 ,term of appointments 7#a7 ,in general ,the members appointed under subsection 7c7 shall serve as follows3 7,a7 ,three members shall serve for #b years4 7,b7 ,three members shall serve for #c years4 7,c7 ,three members 7one of which shall be ,chair of the ,commission appointed by the ,president7 shall serve for #d years4 7#b7 ,assignment of terms ,the ,commission shall designate the term length that each member appointed under subsection 7c7 shall serve by unanimous agreement4 ,in the event that unanimous agreement cannot be reached1 term lengths shall be assigned to the members by a random process4 7g7 ,vacancies ,subject to subsection 7e71 in the event of a vacancy in the ,commission1 whether due to the resignation of a member1 the expiration of a member's term1 or any other reason1 the vacancy shall be filled in the manner in which the original appointment was made and shall not affect the powers of the ,commission4 7h7 ,ethics guidelines ,at the first meeting of the ,commission1 the ,commission shall draft appropriate ethics guidelines for members of the ,commission and staff4 ,the guidelines shall include provisions relating to conflicts of interest1 including financial conflicts of interest1 divided allegiances1 and financial disclosure requirements4 ,the ,commission shall consult with the ,secretary as a part of drafting the guidelines and shall furnish the ,secretary with a copy of the completed guidelines4 7i7 ,appointment power ,members of the ,commission appointed under subsection 7c7 shall not be subject to confirmation by the ,senate4 #bjeh4 ,funding 7a7 ,in general ,out of any money in the ,treasury not otherwise appropriated1 there is hereby appropriated to the ,secretary1 #cjj1jjj1jjj to carry out the activities authorized under this subtitle1 which shall remain available for expenditure through the date described in section #bjec7;c77#c74 7b7 ,limitation on use of funds ,of the amounts appropriated to carry out this subtitle1 the ,secretary may not use more than #b1jjj1jjj in any fiscal year to support the review1 approval1 and oversight of social impact partnership projects1 including activities conducted by-- 7#a7 the ,federal ,interagency ,council on ,social ,impact ,partnerships established under section #bjef2 7#b7 the ,commission on ,social ,impact ,partnerships established under section #bjeg2 and 7#c7 any other agency consulted by the ,secretary before approving a social impact partnership project or a feasibility study under section #bjed4 7c7 ,no ,federal funding for credit enhancements ,no amount appropriated to carry out this subtitle may be used to provide any insurance1 guarantee1 or other credit enhancement to a ,state or local government under which a ,federal payment would be made to a ,state or local government as the result of a ,state or local government failing to achieve an outcome specified in an agreement4 #bjei4 ,website ,the ,federal ,interagency ,council on ,social ,impact ,partnerships shall establish and maintain a public website that shall display the following3 7#a7 ,a copy of1 or method of accessing1 each notice published regarding a social impact partnership project pursuant to this subtitle4 7#b7 ,a copy of each feasibility study funded under section #bjed4 7#c7 ,for each ,state or local government that has entered into an agreement with the ,secretary for a social impact partnership project1 the website shall contain the following information3 7,a7 ,the outcome goals of the project4 7,b7 ,a description of each intervention in the project4 7,c7 ,the target population that will be served by the project4 7,d7 ,the expected social benefits to participants who receive the intervention and others who may be impacted4 7,e7 ,the detailed roles1 responsibilities1 and purposes of each ,federal1 ,state1 or local government entity1 intermediary1 service provider1 independent evaluator1 investor1 or other stakeholder4 7,f7 ,the payment terms1 methodology used to calculate outcome payments1 the payment schedule1 and performance thresholds4 7,g7 ,the project budget4 7,h7 ,the project timeline4 7,i7 ,the project eligibility criteria4 7,j7 ,the evaluation design4 7,k7 ,the metrics used to determine whether the proposed outcomes have been achieved and how these metrics are measured4 7#d7 ,a copy of the progress reports and the final reports relating to each social impact partnership project4 7#e7 ,an estimate of the savings to the ,federal1 ,state1 and local government1 on a program-by-program basis and in the aggregate1 resulting from the successful completion of the social impact partnership project4 #bjfj4 ,regulations ,the ,secretary1 in consultation with the ,federal ,interagency ,council on ,social ,impact ,partnerships1 may issue regulations as necessary to carry out this subtitle4 #bjfa4 ,,gao evaluation 7a7 ,in general ,five years after the date of enactment of the ,social ,impact ,partnerships to ,pay for ,results ,act1 the ,comptroller ,general of the ,united ,states shall-- 7#a7 conduct an evaluation of the social impact partnership projects funded under this subtitle and1 to the extent the ,comptroller ,general determines necessary1 of any other activities carried out with funds made available to carry out this subtitle2 and 7#b7 submit a report to the ,committee on ,ways and ,means of the ,house of ,representatives and to the ,committee on ,finance of the ,senate that contains the results of such evaluation4 7b7 ,access to records ,the ,comptroller ,general of the ,united ,states shall have access to any books1 accounts1 records1 correspondence1 and other documents that are related to the expenditure of ,federal funds under this subtitle and that are in the possession1 custody1 or control of any entity receiving ,federal funds under this subtitle or of any grantee or contractor of such an entity4 #bjfb4 ,definitions ,in this subtitle 7#a7 ,agency ,the term agency has the meaning given that term in section #eea of title #e1 ,united ,states ,code4 7#b7 ,intervention ,the term intervention means a specific service delivered to achieve an impact through a social impact partnership project4 7#c7 ,secretary ,the term ,secretary means the ,secretary of the ,treasury4 7#d7 ,social impact partnership project ,the term social impact partnership project means a project that finances social services using a social impact partnership model4 7#e7 ,social impact partnership model ,the term social impact partnership model means a method of financing social services in which-- 7,a7 ,federal funds are awarded to a ,state or local government only if a ,state or local government achieves certain outcomes agreed on by the ,state or local government and the ,secretary2 and 7,b7 the ,state or local government coordinates with service providers1 investors 7if applicable to the project71 and 7if necessary7 an intermediary to identify-- 7i7 an intervention expected to produce the outcome2 7ii7 a service provider to deliver the intervention to the target population2 and 7iii7 investors to fund the delivery of the intervention4 7#f7 ,state ,the term ,state means each ,state of the ,united ,states1 the ,district of ,columbia1 each commonwealth1 territory or possession of the ,united ,states1 and each federally recognized ,indian tribe4 4