,,ii  #aafth ,,congress  #ast ,session  
,s4 #acdd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #g1       
#bjai,mr4 ,booker 7for himself1 ,mr4    
,scott of ,south ,carolina1 ,mr4 ,young1
 and ,ms4 ,hassan7 introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to require the ,secretary of
 the ,treasury to collect data and issue
 a report on the opportunity zone tax   
incentives enacted by the #bjag tax     
reform legislation1 and for other       
purposes4  #a4 ,collection of data on   
opportunity zone tax incentives  7a7 ,in
 general ,the ,secretary of the         
,treasury1 or the ,secretary's delegate 
7referred to in this ,act as the        
,secretary71 shall collect information  
on investments held by qualified        
opportunity funds 7as defined in section
 #adjj,z-#b7;d7 of the ,internal        
,revenue ,code of #aihf7 nationally and 
at the ,state level1 which shall        
include-- 7#a7 the number of such       

qualified opportunity funds1  7#b7 the  
amount of assets held in qualified      
opportunity funds1  7#c7 the composition
 of qualified opportunity fund          
investments by asset class1  7#d7 the   
percentage of qualified opportunity zone
 census tracts designated under         
subchapter ,z of the ,internal ,revenue 
,code of #aihf 7as added by section     
#achbc of ,public ,law #aae-ig7 that    
have received qualified opportunity fund
 investments1 and  7#e7 the impacts and 
outcomes of zone designation in those   
areas on economic indicators1 including 
job creation1 poverty reduction1 new    
business starts1 and other metrics as   
determined by the ,secretary4  7b7      
,investments ,for any investment        
described in subsection 7a71 the        
,secretary shall collect relevant       
information regarding each such         
investment1 including-- 7#a7 the total  
amount of the investment and the date on
 which such investment was made1  7#b7  
the type of investment1 such as whether 

the investment is in an existing        
business1 new business1 or real         
property1 and the location of such      
business or property1  7#c7 the type of 
activity being supported by such        
investment1 such as single-family or    
multi-family residential properties1    
commercial properties1 or the economic  
sectors in which the business operates1 
7#d7 in the case of a business1 the     
approximate number of full-time         
employees at the time the investment in 
such business was made1 and  7#e7 in the
 case of real property1 the approximate 
total square footage and the approximate
 number of residential units1 as        
applicable4  7c7 ,collection of         
information ,for purposes of any        
information described in this section1  
the ,secretary shall establish          
appropriate procedures and measures to  
ensure that-- 7#a7 collection of such   
information is performed in a manner so 
as to prevent duplicative or redundant  
reporting1 and  7#b7 any personally     

identifiable data included in such      
information is properly protected and   
withheld from disclosure to the public4 
#b4 ,report to ,congress ,the ,secretary
 shall submit a report to ,congress on  
the opportunity zone incentives enacted 
by section #achbc of ,public ,law       
#aae-ig1 beginning #e years after the   
date of enactment of this ,act and      
annually thereafter1 which shall include
 the information described in section   
#a7;a74  #c4 ,information regarding     
investments ,subject to subsection 7c7  
of section #a1 the ,secretary shall make
 the information submitted pursuant to  
subsection 7b7 of such section publicly 
available1 with such information to be  
made available not later than the date  
which is #a year after the date of      
enactment of this ,act and annually     
thereafter1 following the initial       
reporting of such information by any    
qualified opportunity fund4