,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #caha  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #i1 #bjbj,ms4  
,murk[ski 7= h]self1 ,mr4 ,s*atz1 ,ms4  
,hirono1 & ,mr4 ,sullivan7 introduc$ !  
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exp& ! new m>kets tax cr$it to 
assi/ ,native ,am]ican communities1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,inspir+ ,nationally   
,vibrant ,economies ,su/a9+ ,tribes ,act
 ( #bjbj or ! ,,inve/ ,act4  #b4        
,expansion ( new m>kets tax cr$it  7a7  
,l[-,income community ,p>agraph 7#a7 (  
section #de;,d7e7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ to read z foll[s3
  7#a7 ,def9ition  7,a7 ,9 g5]al ,! t]m 
l[-income community means--  7i7 any    
population c5sus tract if-- 7,i7 !      
pov]ty rate = su* tract is at lea/ #bj  
p]c5t1 or  7,,ii7 7aa7 9 ! case ( a     
tract n locat$ )9 a metropolitan area1 !
 m$ian family income = su* tract does n 

exce$ #hj p]c5t ( /atewide m$ian family 
income1 or  7bb7 9 ! case ( a tract     
locat$ )9 a metropolitan area1 ! m$ian  
family income = su* tract does n exce$  
#hj p]c5t ( ! great] ( /atewide m$ian   
family income or ! metropolitan area    
m$ian family income1  7ii7 any tru/ l&  
7z def9$ at section #cgfe ( title #ch1  
,unit$ ,/ates ,code71  7iii7 any l& )9 a
 t[n%ip t encloses all or "p ( a ,native
 village 7z def9$ 9 section #c7;c7 ( !  
,alaska ,native ,claims ,settlem5t ,act 
7#dc ,u4,s4,c4 #afjb7;c771 or  7iv7 any 
l& t is "p or all ( a ,tribal designat$ 
/ati/ical area associat$ ) an ,indian   
tribe z def9$ by ! ,c5sus ,bureau = !   
purposes ( ! mo/ rec5t dec5nial c5sus4  
7,b7 ,m$ian family income ,subclause    
7,,ii7 ( subp>agraph 7,a77i7 %all be    
appli$ us+ possessionwide m$ian family  
income 9 ! case ( c5sus tracts locat$ )9
 a possession ( ! ,unit$ ,/ates4  4  7b7
 ,allocation ( national limitation  7#a7
 ,9 g5]al ,section #de;,d7f77#b7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 

by /rik+ %all give priority to & all t  
foll[s & ins]t+ %all-- 7,a7 give        
priority to any entity-- 7i7 ) a record 
( hav+ successfully provid$ capital or  
te*nical assi/ance to disadvantag$      
bus9esses or communities or to ,indian  
tribes or ,native ,am]ican communities1 
or  7ii7 :i* int5ds to satisfy !        
requirem5t "u subsection 7b77#a77;,b7 by
 mak+ qualifi$ l[-income community      
inve/m5ts 9 #a or m bus9esses 9 :i*     
p]sons unrelat$ to su* entity 7)9 !     
mean+ ( section #bfg7;b7 or             
#gjg7;b77#a77 hold ! majority equity    
int]e/1 &  7,b7 ensure t n less ?an #aj 
p]c5t ( su* limitation is allocat$ to   
qualifi$ ,indian community developm5t   
entities = inve/m5ts t prim>ily s]ve    
l[-income communities describ$ 9 clauses
 7ii71 7iii71 & 7iv7 ( subsection       
7e77#a77;,a74  4  7#b7 ,qualifi$ ,indian
 community developm5t entity ,section   
#de;,d7f7 ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new p>agraph3  7#d7   
,qualifi$ ,indian community developm5t  

entity ,= purposes ( p>agraph 7#b77;,b71
 ! t]m qualifi$ ,indian community       
developm5t entity means any qualifi$    
community developm5t entity :i* is--    
7,a7 at lea/ #ea p]c5t own$ & controll$ 
by an ,indian tribe 7z def9$ 9 section  
#d7;e7 ( ! ,indian ,self-,det]m9ation & 
,education ,assi/ance ,act 7#be         
,u4,s4,c4 #ecjd7;e771 or  7,b7 a ,native
 community developm5t f9ancial          
in/itution 7z def9$ 9 section #ajc ( !  
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjb774  4  7c7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to cal5d> ye>s beg9n+ aft]   
,decemb] #ca1 #bjbj4  #c4 ,native       
community developm5t f9ancial           
in/itutions  7a7 ,def9ition ( a ,native 
community developm5t f9ancial in/itution
 ,section #ajc ( ! ,community           
,developm5t ,bank+ & ,f9ancial          
,in/itutions ,act ( #aiid 7#ab ,u4,s4,c4
 #dgjb7 is am5d$--  7#a7 by r$esignat+  
p>agraphs 7#ah7 ?r\gh 7#ba7 z p>agraphs 

7#ai7 ?r\gh 7#bb71 respectively2 &  7#b7
 by ins]t+ aft] p>agraph 7#ag7 ! foll[+3
  7#ah7 ,native community developm5t    
f9ancial in/itution  7,a7 ,9 g5]al ,!   
t]m ,native community developm5t        
f9ancial in/itution means a community   
developm5t f9ancial in/itution-- 7i7 !  
activities ( :i* n less ?an #ea p]c5t   
s]ve ,native ,am]icans2 or  7ii7 t is n 
less ?an #ea p]c5t own$ or controll$    
,native ,am]icans4  7,b7 ,native        
,am]icans ,9 ?is p>agraph1 ! t]m ,native
 ,am]icans has ! mean+ giv5 ! t]m 9     
section #cgfe ( title #ch1 ,unit$ ,/ates
 ,code4  4  7b7 ,assi/ance = ,native    
community developm5t f9ancial           
in/itutions ,section #ajh7;a7 ( !       
,community ,developm5t ,bank+ &         
,f9ancial ,in/itutions ,act ( #aiid 7#ab
 ,u4,s4,c4 #dgjg7;a77 is am5d$ by add+  
at ! end ! foll[+3  7#e7 ,assi/ance =   
,native community developm5t f9ancial   
in/itutions ,! ,fund %all provide       
f9ancial assi/ance1 te*nical assi/ance1 
& tra9+ to build ! capacity ( ,native   

community developm5t f9ancial           
in/itutions4  4  #d4 ,te*nical assi/ance
 pilot program  7a7 ,9 g5]al ,!         
,secret>y ( ! ,int]ior1 act+ ?r\gh !    
,assi/ant ,secret>y = ,indian ,affairs1 
%all-- 7#a7 e/abli% a program to provide
 te*nical assi/ance to qualifi$ ,indian 
community developm5t entities 7z def9$ 9
 section #de;,d ( ! ,int]nal ,rev5ue    
,code ( #aihf7 ) respect to ! process = 
applications = allocations ( ! new      
m>kets tax cr$it "u section #de;,d ( !  
,int]nal ,rev5ue ,code ( #aihf2 &  7#b7 
"w ) ! ,director ( ! ,community         
,developm5t ,f9ancial ,in/itutions ,fund
 to provide assi/ance to qualifi$       
,indian community developm5t entities to
 improve ! competitiv5ess ( applications
 = su* allocations4  7b7 ,au?orization (
 appropriations ,!re is au?oriz$ to be  
appropriat$ to ! ,secret>y ( ! ,int]ior 
to c>ry out ?is section #ejj1jjj = ea* (
 fiscal ye>s #bjba ?r\gh #bjbe4