,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #hhd  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #bf1 #bjai,mr4    
,coons 7= himself & ,mr4 ,cassidy7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to au?orize a grant program t  
/r5g!ns ! capacity ( community          
developm5t f9ancial in/itutions ?r\gh   
alignm5t ) national s]vice p>ticipants4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,economic ,mobility ,corps ,act (     
#bjai4  #b4 ,f9d+s & purposes  7a7      
,f9d+s ,congress f9ds ! foll[+3 7#a7    
,!re exi/s a network ( ov] #a1jjj       
,treasury-c]tifi$ community developm5t  
f9ancial in/itutions locat$ 9 all #ej   
,/ates1 ! ,di/rict ( ,columbia1 ,guam1 &
 ! ,commonweal? ( ,pu]to ,rico4  7#b7   
,community developm5t f9ancial          
in/itutions are mission-driv5 f9ancial  
l5d]s t provide critical & responsible  
f9ancial products & s]vices t b5efit    
l[-income & di/ress$ communities1       

economically disadvantag$ p1 & community
 bus9esses4  7#c7 ,community developm5t 
f9ancial in/itutions ne$ m tal5t & human
 capacity to bett] meet ! ne$s ( !      
l[-income & di/ress$ communities1       
economically disadvantag$ populations1 &
 community bus9esses t !y s]ve4  7#d7   
7,a7 ,national s]vice programs1 c>ri$   
out ?r\gh ! ,corporation = ,national &  
,community ,s]vice1 are national1 ,/ate1
 & local s]vice programs provid$ ?r\gh a
 network t connects ov] #gj1jjj         
,am]icans ea* ye> 9 int5sive s]vice to  
improve lives1 /r5g!n communities1 &    
inspire civic engagem5t4  7,b7 ,economic
 opportunity is "o ( ! ,corporation's   
focus areas = national s]vice corps or  
programs4  7#e7 7,a7 ,community         
developm5t f9ancial in/itutions &       
national s]vice programs ea* engage     
local resid5ts & community p>tn]s to    
improve community safety1 heal?1 h\s+1 &
 economic opportunities1 & to meet      
community-id5tifi$ ne$s4  7,b7 ,resid5ts
 ( l[-income communities1 especially y\?

 & "y adults1 c be emp[]$ ?r\gh _!      
national s]vice1 & c help provide future
 lead]%ip = community developm5t        
f9ancial in/itutions & = ! communities  
!y s]ve4  7#f7 ,! ,corporation =        
,national & ,community ,s]vice has      
engag$ 9 p>tn]%ips1 simil> to ! p>tn]%ip
 creat$ "u ?is ,act1 ) ,f$]al ag5cies   
su* z ! ,dep>tm5t ( ,transportation1 !  
,dep>tm5t ( ,education1 ! ,dep>tm5t (   
,ju/ice1 & ! ,=e/ ,s]vice4  7b7         
,purposes ,! purposes ( ?is ,act are    
to-- 7#a7 create a p>tn]%ip betwe5 !    
,corporation = ,national & ,community   
,s]vice & ! ,dep>tm5t ( ! ,treasury to  
connect ! "w ( cov]$ community          
developm5t f9ancial in/itutions )       
passionate & d$icat$ national s]vice    
p>ticipants1 includ+ volunte]s 9 !      
,national ,s5ior ,s]vice ,corps2  7#b7  
/r5g!n ! capacity ( cov]$ community     
developm5t f9ancial in/itutions to      
provide s]vices1 :i* s]vices may include
 f9ancial c\nsel+1 f9ancial s]vices1 job
 placem5t1 small bus9ess f9anc+1        

af=dable r5tal h\s+ f9anc+1 comm]cial   
facility f9anc+1 community facility     
f9anc+1 s+le family home f9anc+1 &      
=eclosure prev5tion s]vices2  7#c7 exp& 
! direct s]vices provid$ by cov]$       
community developm5t f9ancial           
in/itutions2 &  7#d7 deploy national    
s]vice p>ticipants1 includ+ volunte]s 9 
! ,national ,s5ior ,s]vice ,corps1 9    
impactful national s]vice t aligns )    
objectives 9 ! ,corporation's economic  
opportunity focus area4  #c4 ,def9itions
 ,9 ?is ,act3 7#a7 ,*ief executive (fic]
 ,! t]m ,*ief ,executive ,(fic] means ! 
,*ief ,executive ,(fic] ( ! ,corporation
 = ,national & ,community ,s]vice       
appo9t$ "u section #aic ( ! ,national & 
,community ,s]vice ,act ( #aiij 7#db    
,u4,s4,c4 #abfea;c74  7#b7 ,cov]$       
community developm5t f9ancial in/itution
 ,! t]m cov]$ community developm5t      
f9ancial in/itution means any nonpr(it  
entity t meets ! def9ition ( a community
 developm5t f9ancial in/itution 9       
section #ajc ( ! ,community ,developm5t 

,bank+ & ,f9ancial ,in/itutions ,act (  
#aiid 7#ab ,u4,s4,c4 #dgjb7 & is c]tifi$
 z a community developm5t f9ancial      
in/itution by ! ,dep>tm5t ( ! ,treasury4
  7#c7 ,eligible entity ,! t]m eligible 
entity means-- 7,a7 a cov]$ community   
developm5t f9ancial in/itution ) an     
approv$ application "u section #e2 or   
7,b7 an organization1 ) an approv$      
application "u section #e1 t places     
p>ticipants ) cov]$ community developm5t
 f9ancial in/itutions & provides        
te*nical managem5t to ^? in/itutions4   
7#d7 ,p>ticipant  7,a7 ,9 g5]al ,! t]m  
p>ticipant means an individual 9 an     
approv$ national s]vice position4  7,b7 
,rule ,a p>ticipant %all n be consid]$  
to be an employee ( an eligible entity  
or a cov]$ community developm5t f9ancial
 in/itution receiv+ assi/ance "u ?is    
,act4  7#e7 ,placem5t site ,! t]m       
placem5t site means ! location ( ! cov]$
 community developm5t f9ancial          
in/itution at :i* a p>ticipant %all be  
plac$ = s]vice4  7#f7 ,secret>y ,! t]m  

,secret>y means ! ,secret>y ( !         
,treasury4  #d4 ,int]ag5cy agreem5t = ! 
,economic ,mobility ,corps ,act ( #bjah 
7a7 ,int]ag5cy agreem5t  7#a7 ,9 g5]al  
,! ,*ief ,executive ,(fic] %all ent]    
into an int]ag5cy agreem5t "u section   
#aba7;b77#f7 ( ! ,national & ,community 
,s]vice ,act ( #aiij 7#db ,u4,s4,c4     
#abega7;b77#f77 ) ! ,secret>y t is      
simil> to an int]ag5cy agreem5t describ$
 9 section #aba7;b77#a7 ( su* ,act 7#db 
,u4,s4,c4 #abega7;b77#a771 reg>d+ !     
grant program describ$ 9 section #e1    
except t funds appropriat$ "u ?is ,act  
may be us$ z if appropriat$ = ! purposes
 = :i* funds may be provid$ ?r\gh grants
 "u section #aba7;a7 ( ! ,national &    
,community ,s]vice ,act ( #aiij 7#db    
,u4,s4,c4 #abega7;a774 ,except z o!rwise
 provid$ 9 ?is ,act1 ! provisions ( !   
,national & ,community ,s]vice ,act (   
#aiij 7#db ,u4,s4,c4 #abeja et seq471   
o!r ?an p>agraphs 7#a7 ?r\gh 7#e7 (     
section #aba7;b7 ( t ,act 7#db ,u4,s4,c4
 #abega7;b771 t apply to a national     

s]vice program support$ "u t section    
#aba7;b7 %all apply to ! grant program  
describ$ 9 section #e4  7#b7 ,am5dm5t to
 ! ,,ncsa ,section #aba7;b7 ( su* ,act  
7#db ,u4,s4,c4 #abega7;b77 is am5d$ by  
add+ at ! end ! foll[+3  7#f7 ,community
 ,developm5t ,f9ancial ,in/itution      
,grant ,int]ag5cy ,agreem5t ,not)/&+    
p>agraph 7#a71 ! ,corporation %all ent] 
into an int]ag5cy agreem5t simil> to an 
int]ag5cy agreem5t describ$ 9 p>agraph  
7#a7 ) ! ,secret>y ( ! ,treasury "u ?is 
subsection reg>d+ ! community developm5t
 f9ancial in/itution grant program      
describ$ 9 section #e ( ! ,economic     
,mobility ,corps ,act ( #bjai4  4  7b7  
,approv$ national s]vice positions  7#a7
 ,9 ,g5]al ,! ,*ief ,executive ,(fic]   
%all approve positions = ,economic      
,mobility ,corps projects z approv$     
national s]vice positions 9 accordance )
 subtitle ,c ( title ,i ( ! ,national & 
,community ,s]vice ,act ( #aiij 7#db    
,u4,s4,c4 #abega et seq474  7#b7        
,di/ribution ( assi/ance & approv$      

positions unaffect$ ,no?+ 9 ?is ,act    
%all be con/ru$ to affect ! di/ribution 
( assi/ance or approv$ national s]vice  
positions "u section #abi ( ! ,national 
& ,community ,s]vice ,act ( #aiij 7#db  
,u4,s4,c4 #abeha74 ,funds appropriat$ "u
 section #h %all be us$ = ! co/s        
associat$ ) t assi/ance or ^? positions1
 = ! program c>ri$ out "u section #e4   
7c7 ,treatm5t ( funds appropriat$  7#a7 
,national ,s]vice ,tru/ ,= purposes (   
subsection 7a77#a7 & 7b7 ( section #ade 
( ! ,national & ,community ,s]vice ,act 
( #aiij 7#db ,u4,s4,c4 #abfja7;a77#a771 
a portion ( ! funds appropriat$ "u ?is  
,act1 z det]m9$ by ! ,*ief ,executive   
,(fic] bas$ on ! numb] ( p>ticipants    
select$ = ,economic ,mobility ,corps    
projects1 %all be treat$1 respectively1 
z funds appropriat$ to ! ,corporation & 
made available to c>ry out subtitle ,d (
 title ,i ( ! ,national & ,community    
,s]vice ,act ( #aiij 7#db ,u4,s4,c4     
#abfja et seq47 & z funds appropriat$ to
 ! ,tru/ e/abli%$ "u su* section4  7#b7 

,audits ,= purposes ( section #adi7;c7 (
 ! ,national & ,community ,s]vice ,act (
 #aiij 7#db ,u4,s4,c4 #abfjf7;c771 funds
 appropriat$ "u ?is ,act %all be treat$ 
z appropriat$ funds = approv$ national  
s]vice positions4  #e4 ,economic        
,mobility ,corps grant program  7a7 ,9  
g5]al ,! ,*ief ,executive ,(fic]1 9     
consultation ) ! ,secret>y1 %all aw>d   
grants1 on a competitive basis1 to      
eligible entities to enable su* eligible
 entities to place p>ticipants at       
placem5t sites = ! purpose ( engag+ !m 9
 ,economic ,mobility ,corps projects4   
7b7 ,applications ,to be eligible to    
receive a grant "u ?is ,act1 an entity  
%all submit an application reg>d+ an    
,economic ,mobility ,corps project to ! 
,*ief ,executive ,(fic] at su* "t1 9 su*
 mann]1 & conta9+ su* in=mation1 z !    
,*ief ,executive ,(fic] may require1    
includ+--  7#a7 a description ( !       
long-t]m goals & objectives = ! project 
involv$ & ! b5*m>ks t ! eligible entity 
w use to det]m9e :e!r to place          

p>ticipants ) a cov]$ community         
developm5t f9ancial in/itution & to     
evaluate ! p]=mance ( ! cov]$ community 
developm5t f9ancial in/itution 9 c>ry+  
out ! project2 &  7#b7 ! numb] (        
p>ticipants int5d$ to be plac$ ) ! cov]$
 community developm5t f9ancial          
in/itution1 9 accordance ) ?re%olds set 
by ! ,*ief ,executive ,(fic]1 ) respect 
to bo? ! m9imum & maximum numb]s (      
p>ticipants t c be plac$ ) a cov]$      
community developm5t f9ancial           
in/itution1 includ+ su* an in/itution t 
is an eligible entity4  7c7 ,priority ,9
 mak+ grants "u ?is ,act1 ! ,*ief       
,executive ,(fic]1 9 consultation ) !   
,secret>y1 %all give pref]5tial         
consid]ation to entities propos+ to s]ve
 rural communities or vet]ans4  7d7 ,use
 ( funds  7#a7 ,ori5tation & recruitm5t 
,an eligible entity t receives a grant  
"u ?is section %all use ! funds made    
available ?r\gh ! grant--  7,a7 to      
develop a tra9+ ori5tation1 9 :i* ea*   
select$ p>ticipant w take "p2 &  7,b7 to

 id5tify & enc\rage individuals1 includ+
 ^? :o are resid5ts 9 ! community to be 
s]v$ or o!rwise reflect ! demographics (
 ! community1 to s]ve z p>ticipants 9   
community inve/m5t1 includ+ ! activities
 describ$ 9 p>agraph 7#c71 9 ! projects4
  7#b7 ,assi/ance ,an eligible entity t 
receives a grant "u ?is section = an    
,economic ,mobility ,corps project %all 
use ! grant funds to provide assi/ance1 
consi/5t ) subtitle ,c ( title ,i ( !   
,national & ,community ,s]vice ,act (   
#aiij 7#db ,u4,s4,c4 #abega et seq471 = 
! project1 includ+ assi/ance =          
p>ticipants select$ = ! project 9 c>ry+ 
out ! activities describ$ 9 p>agraph    
7#c74  7#c7 ,activities ,9 c>ry+ out ^? 
activities1 ea* select$ p>ticipant      
%all-- 7,a7 /r5g!n ! capacity (1 & exp& 
! direct s]vices provid$ by1 ! cov]$    
community developm5t f9ancial           
in/itution1 :i* s]vices may include     
f9ancial c\nsel+1 f9ancial s]vices1 job 
placem5t1 small bus9ess f9anc+1 af=dable
 r5tal h\s+ f9anc+1 comm]cial facility  

f9anc+1 community facility f9anc+1 s+le 
family home f9anc+1 & =eclosure         
prev5tion s]vices2 &  7,b7 provide su*  
direct s]vices4  #f4 ,report+           
requirem5ts  7a7 ,9 g5]al ,z a condition
 on receipt ( any funds = a project "u  
?is ,act1 ea* eligible entity %all agree
 to prep>e & submit a report at su* "t1 
9 su* mann]1 & conta9+ su* in=mation z !
 ,*ief ,executive ,(fic]1 9 consultation
 ) ! ,secret>y1 may require4  7b7       
,cont5t ,9 prep>+ ! report ! eligible   
entity %all1 at a m9imum-- 7#a7 collect 
& pres5t data on ! degree to :i* ! cov]$
 community developm5t f9ancial          
in/itution has made progress t[>d meet+ 
! long-t]m goals & objectives describ$ 9
 ! entity's application & ! p]=mance ( !
 cov]$ community developm5t f9ancial    
in/itution on ! b5*m>ks describ$ 9 !    
application2  7#b7 collect & pres5t     
demographic data ab\t ! p>ticipants2 &  
7#c7 describe ! t>get area &1 if        
appropriate1 t>get population engag$ &  
s]v$ by ! cov]$ community developm5t    

f9ancial in/itution1 includ+ :e!r !     
cov]$ community developm5t f9ancial     
in/itution s]ves a rural community or   
vet]ans4  #g4 ,economic mobility ,,vi/a 
activities ,section #ajc7;a77#i7 ( !    
,dome/ic ,volunte] ,s]vice ,act ( #aigc 
7#db ,u4,s4,c4 #diec7;a77#i77 is am5d$  
to read z foll[s3  7#i7 9 develop+ &    
c>ry+ out-- 7,a7 f9ancial lit]acy1      
f9ancial plann+1 budget+1 sav+1 &       
reputable cr$it accessibility programs 9
 l[-income communities1 includ+ ^?      
programs t educate individuals ab\t     
f9anc+ home own]%ip & high] education2 &
  7,b7 =eclosure prev5tion programs     
7includ+ programs at community          
developm5t f9ancial in/itutions "u      
section #ajc ( ! ,community ,developm5t 
,bank+ & ,f9ancial ,in/itutions ,act (  
#aiid 7#ab ,u4,s4,c4 #dgjb7 & at o!r    
nonpr(it organizations71 :i* programs   
are 9 l[-income communities & educate   
individuals ab\t f9anc+ home own]%ip &  
high] education2  4  #h4 ,au?orization (
 appropriations ,!re are au?oriz$ to be 

appropriat$ to ! ,corporation #a1jjj1jjj
 = fiscal ye> #bjbj & ea* ( ! #d succe$+
 fiscal ye>s4