,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gbfb  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ah1 #bjbj,mr4 
,meeks 7for himself1 ,mr4 ,quigley1 ,mr4
 ,cleaver1 ,mr4 ,green of ,texas1 ,mr4  
,crdenas1 ,ms4 ,eshoo1 ,mr4 ,gallego1   
and ,mr4 ,crist7 introduced the         
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to allow qualified      
opportunity funds to invest in community
 development financial institutions4    
#a4 ,short title ,this ,act may be cited
 as the ,community ,development in      
,opportunity ,zones ,act of #bjbj4  #b4 
,qualified opportunity fund investments 
in community development financial      
institutions  7a7 ,in general ,section  
#adjj,z-#b7;d77#c7 of the ,internal     
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subparagraph3  7,c7 ,special rule for   
community development financial         
institutions ,the term qualified        

opportunity zone business shall include 
any community development financial     
institution 7as defined in section #ajc 
of the ,community ,development ,banking 
and ,financial ,institutions ,act of    
#aiid 7#ab ,u4,s4,c4 #dgjb77 if1 during 
substantially all the qualified         
opportunity fund's holding period for   
its investment in such community        
development financial institution1 the  
average of the aggregate amount of      
investment1 and principal amount of     
loans1 provided by such community       
development financial institution to    
qualified opportunity zone businesses   
7other than community development       
financial institutions7 or residents of 
qualified opportunity zones is not less 
than such investment4  4  7b7 ,effective
 date ,the amendment made by this       
section shall take effect on the date of
 the enactment of this ,act4