H.R. 5547 — Engrossed in House

117th CONGRESS 2d Session H. R. 5547 AN ACT To amend the Public Works and Economic Development Act of 1965 to require eligible recipients of certain grants to develop a comprehensive economic development strategy that directly or indirectly increases the accessibility of affordable, quality care-based services, and for other purposes. 1. Short title This Act may be cited as the Care is an Economic Development Strategy Act or the CEDS Act. 2. Comprehensive economic development strategies (a) In general Section 302(a)(3)(A) of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3162(a)(3)(A)) is amended— (1) by striking and before balances resources; and (2) by inserting , and directly or indirectly increases the accessibility of affordable, quality care-based services, including child care, early childhood education, disability and long-term care, and elder care after sound management of development. (b) Guidance (1) In general Not later than 1 year after the date of enactment of this Act, the Secretary of Commerce shall issue guidance on implementing the amendments made by subsection (a), to include how to increase access to the affordable, quality care-based services described in section 302(a)(3)(A) of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3162(a)(3)(A)) in a comprehensive economic development strategy developed under section 302 of such Act. (2) Existing comprehensive economic development strategies In issuing the guidance under paragraph (1), with respect to a grant recipient whose comprehensive economic development strategy has been approved under section 302 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3162) before the date of enactment of this Act, the Secretary shall ensure that such grant recipient is only required to update such comprehensive economic development strategy to comply with the amendments made by this Act when a regularly scheduled update to such comprehensive economic development strategy is required. 3. Economic development administration CARES Act funding (a) In general Not more than 180 days after the date of enactment of this Act, the inspector general of the Department of Commerce shall submit to Congress a report on the activities and outcomes of economic adjustment assistance funding provided by the CARES Act (Public Law 116–136). (b) Contents The report required under subsection (a) shall include— (1) each recipient that received economic adjustment assistance funding from such Act; and (2) the corresponding project that received economic adjustment assistance funding from the CARES Act. Passed the House of Representatives March 30, 2022.Clerk.