,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #idcc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #f1 #bjbb,mr4
 ,cicill9e introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ov]sight & 
,re=m  ,a ,,bill  ,to provide = !       
e/abli%m5t ( a ,commission on !         
,advancem5t ( ,social ,ent]prise1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,social ,ent]prise     
,ecosy/em & ,economic ,developm5t       
,commission ,act ( #bjbb or z ! ,,see$  
,commission ,act ( #bjbb4  #b4          
,commission on ! ,advancem5t ( ,social  
,ent]prise  7a7 ,e/abli%m5t ,!re is     
e/abli%$ a commission to be kn[n z !    
,commission on ! ,advancem5t ( ,social  
,ent]prise 7ref]r$ to 9 ?is section z ! 
,commission74  7b7 ,f$]al ,advisory     
,committee ,act ,! ,f$]al ,advisory     
,committee ,act 7#e ,u4,s4,c4 ,app47    
does n apply to ! ,commission4  7c7     
,memb]s ,! memb]s ( ! ,commission %all  
be ea* ( ! foll[+ or _! designees3 7#a7 
,! ,adm9i/rator ( ! ,small ,bus9ess     

,adm9i/ration4  7#b7 ,! ,adm9i/rator ( !
 ,economic ,developm5t ,adm9i/ration4   
7#c7 ,! ,assi/ant to ! ,presid5t =      
,dome/ic ,policy4  7#d7 ,! ,commission] 
( ,int]nal ,rev5ue4  7#e7 ,! ,secret>y (
 ,labor4  7#f7 ,! ,director ( !         
,national ,economic ,c\ncil4  7#g7 ,!   
,*air ( ! ,c\ncil ( ,economic ,advisors4
  7#h7 ,! ,secret>y ( ! ,treasury4  7#i7
 ,! ,secret>y ( ,comm]ce4  7#aj7 ,!     
,secret>y ( ,h\s+ & ,urban ,developm5t4 
7#aa7 ,! ,*air ( ! ,securities &        
,ex*ange ,commission4  7d7 ,op]ation    
7#a7 ,*air ,! ,director ( ! ,dome/ic    
,policy ,c\ncil %all s]ve z ! ,*air ( ! 
,commission4  7#b7 ,meet+s  7,a7 ,9     
g5]al ,! ,commission %all meet at ! call
 ( ! ,*air4  7,b7 ,initial meet+ ,!     
initial meet+ %all take place n lat] ?an
 #cj days aft] ! date ( ! enactm5t ( ?is
 ,act4  7#c7 ,quorum ,a majority ( !    
memb]s ( ! ,commission %all con/itute a 
quorum1 b a less] numb] ( memb]s may    
hold he>+s4  7#d7 ,rules ,! ,commission 
may e/abli%1 by majority vote1 any rules

 = ! conduct ( ,commission bus9ess1 9   
accordance ) ?is ,act & o!r applicable  
law4  7e7 ,duties  7#a7 ,9 g5]al ,!     
,commission %all exam9e & make          
recomm5dations ) respect to ways !      
,f$]al ,gov]nm5t c support & utilize !  
trans=mative p[] ( social ent]prises4   
7#b7 ,def9+ social ent]prise ,n lat] ?an
 #a ye> aft] ! initial meet+ ( !        
,commission1 ! ,commission %all e/abli% 
crit]ia = id5tify+ social ent]prises1   
:i* may include nonpr(it & =-pr(it      
organizations1 = purposes ( ,f$]al      
programs4 ,! ,commission %all consid]   
rese>* & s*ol>%ip on social ent]prise & 
! input ( practition]s & policy exp]ts  
)9 ! social ent]prise field4  7#c7 ,/udy
 activities  7,a7 ,9 g5]al ,!           
,commission %all id5tify opportunities =
 ! ,f$]al ,gov]nm5t to m effectively    
engage social ent]prises 9 creat+ jobs &
 /r5g!n+ local economies :ile a*iev+    
optimal outcomes 9 address+ policy      
*all5ges at ! national1 ,/ate1 & local  
level4 ,! ,commission %all receive &    

consid] reports & te/imony f            
individuals1 gov]nm5t dep>tm5ts1 ,/ate &
 local elect$ (ficials1 community-bas$  
organizations1 nonpr(it organizations1  
fai?-bas$ organizations1 f\ndations1 &  
o!r public & private organizations      
/atewide & ( national significance on ! 
foll[+3 7i7 ,h[ social ent]prise c      
accel]ate progress on social &          
environm5tal issues4  7ii7 ,h[ social   
ent]prises "w 9 a cross-sector mann]4   
7iii7 ,h[ social ent]prise c advance    
social & economic developm5t goals4     
7,b7 ,areas ( /udy & recomm5dation ,!   
areas /udi$ & pot5tial recomm5dations   
(f]$ by ! ,commission "u ?is p>agraph   
%all include ! foll[+3 7i7 ,! role (    
social ent]prises 9 ! ,unit$ ,/ates     
economy4  7ii7 ,! role ( social         
ent]prises 9 address+ economic1 social1 
& environm5tal policy *all5ges across   
all levels ( gov]nm5t4  7iii7 ,! role ( 
social ent]prises z community support & 
developm5t entities4  7iv7 ,a /ati/ical 
& qualitative exam9ation ( social       

ent]prise )9 ! ,unit$ ,/ates & !        
contribution ( social ent]prise to !    
social & economic developm5t ( ! ,unit$ 
,/ates4  7v7 ,means ?r\gh :i* ! ,f$]al  
,gov]nm5t c assi/ 9 enhanc+ ! capacity (
 social ent]prises4  7vi7 ,corporate    
legal /ructures t fo/] or imp$e !       
developm5t ( social ent]prises or !     
ability ( organizations t are n social  
ent]prises to p>tn] ) social ent]prises4
  7vii7 ,h[ to re=m ! ,int]nal ,rev5ue  
,code ( #aihf to r$uce ob/acles t social
 ent]prises face :5 address+ social     
issues & creat+ economic value ?r\gh    
innovative me?ods4  7viii7 ,h[ to       
enc\rage impact inve/+1 includ+ re=m+   
,f$]al securities laws & fiduci>y duty =
 f9ancial relation%ips4  7ix7 ,h[ to use
 f9ancial tools1 f9ancial in/rum5ts1 &  
f9ancial in/itutions to promote !       
developm5t & gr[? ( social ent]prise4   
7x7 ,h[ ! ,f$]al ,gov]nm5t c make use ( 
community developm5t f9ancial           
in/itutions programs to b5efit social   
ent]prises4  7xi7 ,h[ v>i\s sectors     

7includ+ philan?ropic1 =-pr(it1 &       
nonpr(it sectors7 & levels ( gov]nm5t   
int]act ) social ent]prises4  7xii7     
,review ( ! process ?r\gh :i* social    
ent]prises 7=-pr(it & nonpr(it          
organizations7 obta9 ,f$]al loans1      
grants1 & contracts & (f] recomm5dations
 = improv+ ^! processes 9 light ( !     
special ne$s & contributions ( social   
ent]prises4  7xiii7 ,review ( ! process1
 policies1 & proc$ures ?r\gh :i* social 
ent]prises 7=-pr(it & nonpr(it          
organizations7 access ,f$]al contract+  
opportunities & (f] recomm5dations =    
improv+ ! access ( social ent]prises to 
su* opportunities4  7xiv7 ,h[ ! ,f$]al  
,gov]nm5t c play a role 9 develop+ a    
pur*as+ directory ( social ent]prises )9
 ! ,unit$ ,/ates t c be support$ by     
citiz5s1 bus9esses1 & gov]nm5t4  7xv7   
,opportunities = ! ,f$]al ,gov]nm5t to  
develop & exp& rese>* & ! collection &  
analysis ( longitud9al data on social   
ent]prises4  7xvi7 ,b>ri]s to social    
ent]prise gr[?4  7xvii7 ,opportunities =

 ! developm5t ( an entity or initiative 
to support int]m$i>ies t w promote &    
inve/ 9 social ent]prise4  7xviii7      
,id5tification ( ! appropriate entity )9
 ! ,f$]al ,gov]nm5t-- 7,i7 to prep>e &  
submit to ,congress an annual report on 
! impact ( social ent]prises 9 ! ,unit$ 
,/ates & ! ext5t to :i* ! ,f$]al        
,gov]nm5t int]acts )1 supports1 & inve/s
 9 social ent]prises2 &  7,,ii7 :]e     
appropriate1 to monitor & update ! areas
 ( /udy li/$ 9 ?is subp>agraph4  7xix7  
,b>ri]s t prev5t corporations or        
organizations t are n social ent]prises 
f op]at+ l social ent]prises & :at      
inc5tives or /ructures w\ld enc\rage !m 
to op]ate m l social ent]prises4  7f7   
,p[]s ( ! ,commission  7#a7 ,he>+s ,!   
,commission may hold su* he>+s & collect
 su* in=mation z appropriate = c>ry+ out
 ?is section4  7#b7 ,in=mation ,except z
 o!rwise prohibit$ by law1 ! ,commission
 may secure directly f any ag5cy        
in=mation ! ,commission consid]s        
necess>y to c>ry out ?is section4 ,^u ! 

reque/ ( ! ,commission1 ! head ( ! ag5cy
 %all furni% in=mation reque/$ "u ?is   
p>agraph to ! ,commission4  7#c7        
,contract au?ority ,! ,commission may   
ent] into contracts = rese>* to in=m !  
delib]ations ( ! ,commission4  7#d7     
,mails ,! ,commission may use ! ,unit$  
,/ates mails 9 ! same mann] & "u ! same 
conditions z o!r ag5cies4  7#e7         
,advisory c\ncil ,! ,commission may     
e/abli% an advisory c\ncil ( relevant   
nonpr(it organizations & =-pr(it        
organizations4  7g7 ,commission p]sonnel
 matt]s  7#a7 ,detail ( ,f$]al employees
 ,on ! affirmative vote ( #b_/c ( !     
memb]s ( ! ,commission & ! approval ( ! 
appropriate head ( ! ag5cy1 an employee 
( ! ,f$]al ,gov]nm5t at ,,gs-#ac level  
or high] may be detail$ to ! ,commission
 )\t reimbursem5t1 & su* detail %all be 
)\t int]ruption or loss ( civil s]vice  
/atus1 b5efits1 or privileges4  7#b7    
,/aff  7,a7 ,9 g5]al  7i7 ,appo9tm5t &  
comp5sation ,! ,*air ( ! ,commission1 9 
accordance ) rules agre$ ^u by !        

,commission1 may appo9t & fix !         
comp5sation ( a /aff director & su* o!r 
p]sonnel z may be necess>y to enable !  
,commission to c>ry out its functions1  
)\t reg>d to ! provisions ( title #e1   
,unit$ ,/ates ,code1 gov]n+ appo9tm5ts 9
 ! competitive s]vice1 & )\t reg>d to ! 
provisions ( *apt] #ea & sub*apt] ,,iii 
( *apt] #ec ( su* title relat+ to       
classification & ,g5]al ,s*$ule pay     
rates1 except t no rate ( pay fix$ "u   
?is subsection may exce$ ! equival5t ( t
 payable = a position at ,level ,v ( !  
,executive ,s*$ule "u section #ecaf (   
title #e1 ,unit$ ,/ates ,code4  7ii7    
,p]sonnel z ,f$]al employees  7,i7 ,9   
g5]al ,any p]sonnel ( ! ,commission :o  
are employees %all be employees "u      
section #baje ( title #e1 ,unit$ ,/ates 
,code1 = purposes ( *apt]s #fc1 #ha1    
#hc1 #hd1 #he1 #hg1 #hi1 & #ij ( t      
title4  7,,ii7 ,memb]s ( ! ,commission  
,subp>agraph 7,i7 %all n be con/ru$ to  
apply to memb]s ( ! ,commission4  7,b7  
,volunte] s]vices ,not)/&+ section #acdb

 ( title #ca1 ,unit$ ,/ates ,code1 !    
,commission may accept & use volunt>y & 
uncomp5sat$ s]vices z ! ,commission     
det]m9es necess>y4  7h7 ,contracts =    
rese>*  7#a7 ,rese>*]s & exp]ts ,on an  
affirmative vote ( #b_/c ( ! memb]s ( ! 
,commission1 ! ,commission may select   
nongov]nm5tal rese>*]s & exp]ts to assi/
 ! ,commission 9 c>ry+ out ! duties ( ! 
,commission "u ?is section4  7#b7 ,o!r  
organizations ,no?+ 9 ?is subsection    
limits ! ability ( ! ,commission to ent]
 into contracts ) any o!r entity or     
organization to c>ry out rese>* necess>y
 to c>ry out ! duties ( ! ,commission "u
 ?is section4  7i7 ,report ,n lat] ?an  
#a ye> aft] ! ,commission e/abli%es     
crit]ia by :i* to id5tify social        
ent]prise1 ! ,commission %all submit to 
! ,presid5t & ,congress a report on !   
f9d+s1 conclusions1 & recomm5dations ( !
 ,commission4 ,! report %all id5tify !  
,f$]al programs recomm5d$ & %all        
include-- 7#a7 reports on all matt]s    
describ$ 9 subsection 7e72 &  7#b7 h[   

exi/+ ,f$]al ,gov]nm5t programs c be    
exp&$ to take advantage ( ! social &    
economic b5efits ( social ent]prises4   
7j7 ,t]m9ation ,! ,commission %all      
t]m9ate #ij days aft] ! date on :i* !   
,commission submits ! report ( !        
,commission "u subsection 7i74  7k7     
,def9itions ,9 ?is section3 7#a7 ,ag5cy 
,! t]m ag5cy has ! mean+ giv5 t t]m 9   
section #eea ( title #e1 ,unit$ ,/ates  
,code4  7#b7 ,impact inve/+ ,! t]m      
impact inve/+ means inve/+ made ) !     
int5tion to g5]ate positive1 measurable1
 social1 & environm5tal impact alongside
 a f9ancial return4  7#c7 ,nonpr(it     
organization ,! t]m nonpr(it            
organization means an organization      
describ$ 9 section #eja7;c77#c7 ( !     
,int]nal ,rev5ue ,code ( #aihf & exempt 
f taxation "u section #eja7;a7 ( su*    
,code4  7l7 ,au?orization (             
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,commission su* funds z
 are necess>y to c>ry out its duties "u 
?is section4 ,su* funds %all rema9      

available until ! date on :i* !         
,commission t]m9ates pursuant to        
subjection 7j74