,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gajc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #d1 #bjbj,mr4   
,kildee 7= himself & ,mr4 ,f]guson7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to direct ! ,neighborhood      
,re9ve/m5t ,corporation ) respect to !  
e/abli%m5t ( a national l& bank network1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,national ,l&     
,bank ,network ,act ( #bjbj 4  #b4      
,f9d+s ,congress f9ds ! foll[+3 7#a7    
,vacant & ab&on$ prop]ties de/abilize   
rural1 suburban1 & urban neighborhoods  
across ! ,unit$ ,/ates by creat+ fire & 
o!r public safety haz>ds1 driv+ d[n     
prop]ty values1 & dra9+ local tax       
doll>s4  7#b7 ,! co/ ( repairs to ma9ta9
 su* prop]ties1 z well z ! pot5tial     
unpaid taxes & public li5s on su*       
prop]ties1 (t5 exce$ ! prop]ty values ( 
su* prop]ties1 driv+ away pur*as]s4     
7#c7 ,additionally1 ! lack ( an         
insurable & m>ketable title frequ5tly   

prev5ts su* prop]ties f return+ to      
productive use4  7#d7 ,l[-income        
neighborhoods & communities ( color     
disproportionately be> ! burd5 ( liv+   
ne> su* prop]ties & ! associat$ haz>ds4 
7#e7 ,l& banks-- 7,a7 h be5 develop$ to 
respond to ! *all5ges pos$ by su*       
prop]ties2 &  7,b7 are prim>ily focus$  
on ! return ( vacant1 ab&on$1 & tax     
del9qu5t prop]ties to productive use 9  
accordance ) locally det]m9$ goals &    
priorities4  7#f7 ,l& banks1 reg>dless (
 location1 size ( inv5tory1 or duration 
( exi/5ce1 %>e *all5ges 9 access+ be/   
practices1 rese>*1 te*nical assi/ance1 &
 o!r res\rces4  #c4 ,s5se ( ,congress ,x
 is ! s5se ( ,congress t a national l&  
bank network w\ld provide ! tools       
necess>y to ensure t l& banks-- 7#a7 use
 be/ practices2  7#b7 op]ate            
transp>5tly2  7#c7 develop p>tn]%ips &  
programm+ to drive community r$evelopm5t
 =w>d2 &  7#d7 access education1        
exp]tise1 & rese>* to /r5g!n ! critical 
"w ( l& banks 9 support+ equitable      

communities4  #d4 ,national l& bank     
network  7a7 ,9 g5]al ,n lat] ?an #ahj  
days aft] ! date ( enactm5t ( ?is ,act1 
! ,neighborhood ,re9ve/m5t ,corporation 
%all ent] into a contract ) a national  
nonpr(it organization t has demon/rat$ &
 e/abli%$ exp]tise 9 support+ !         
creation1 implem5tation1 & op]ation ( l&
 banks1 z well z exp]tise relat+ to !   
sy/ems1 laws1 & policies t impact       
vacant1 ab&on$1 & o!r problem prop]ties1
 to e/abli% & op]ate a memb]%ip-bas$    
national l& bank network4  7b7 ,duties  
,! duties ( ! national l& bank network  
e/abli%$ "u ?is section %all be-- 7#a7  
to provide te*nical assi/ance to rural1 
suburban1 & urban l& banks :o are memb]s
 ( ! network to support skills tra9+1   
/aff+ support1 & o!r op]ational capacity
 ne$s ( su* l& banks2  7#b7 to "w ) ^?  
rural1 suburban1 & urban communities t  
are consid]+ :e!r a l& bank is an       
appropriate tool to address vacancy1    
ab&onm5t1 & o!r problem prop]ties 9 _!  
community1 & provide te*nical assi/ance 

9 ! =mation ( a local l& bank2  7#c7 to 
develop p>tn]%ips & programm+ to advance
 ! "w ( l& banks2  7#d7 to provide l&   
banks ) access to education1 exp]tise1 &
 rese>* t supports ! "w ( l& banks2     
7#e7 to develop & adm9i/] grant programs
 to support exi/+ l& banks & communities
 9 ! creation ( new l& banks1 includ+ ) 
respect to ! ability to design1 develop 
eligibility crit]ia1 & disp]se grant    
funds directly2  7#f7 to "w ) rural     
communities & l& banks to ensure !      
specific *all5ges ( rural areas are     
address$ ?r\gh ! grant programs1        
education1 exp]tise1 & rese>*2 &  7#g7  
to track & evaluate ! activities &      
outcomes ( l& banks :o are memb]s ( !   
network4  7c7 ,annual report ,ea* fiscal
 ye>1 ! ,neighborhood ,re9ve/m5t        
,corporation %all submit to ,congress a 
report describ+1 ) respect to ! prec$+  
fiscal ye>-- 7#a7 ! s]vices provid$ to  
l& banks by ! national l& bank network2 
&  7#b7 ! outcomes1 qualitative impacts1
 & quantifiable impacts t l& banks :o   

are memb]s ( ! network h _h 9 _!        
respective communities4  7d7            
,au?orization ( appropriations ,?is is  
au?oriz$ to be appropriat$ to !         
,neighborhood ,re9ve/m5t ,corporation to
 c>ry out ?is section-- 7#a7 #aj1jjj1jjj
 = fiscal ye> #bjba1 except t n less ?an
 #g1jjj1jjj %all be us$ = ! grant       
programs develop$ & adm9i/]$ pursuant to
 subsection 7b77#e72 &  7#b7 #e1jjj1jjj 
= ea* ( fiscal ye>s #bjbb ?r\gh #bjca4  
7e7 ,l& bank def9$ ,= purposes ( ?is    
section1 ! t]m l& bank means any ( !    
foll[+3 7#a7 ,a gov]nm5t entity1 ag5cy1 
or program t has be5 designat$ by !     
local gov]nm5t 7or two or m local       
gov]nm5ts7 to acquire1 /ew>d1 & dispose 
( vacant1 ab&on$1 & o!r problem         
prop]ties 9 l9e ) locally det]m9$ goals 
& priorities4  7#b7 ,a nonpr(it         
organization t has be5 designat$ by a   
local gov]nm5t 7or two or m local       
gov]nm5ts7 = ! sole or pr9cipal purpose 
( acquir+1 /ew>d+1 & dispos+ ( vacant1  
ab&on$1 or o!r problem prop]ties 9      

accordance ) locally det]m9$ priorities 
& goals4