,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #bhcb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #be1 #bjbc,mr4 
,f]guson 7= himself & ,mr4 ,kildee7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to require ! ,neighborhood     
,re9ve/m5t ,corporation to e/abli% a    
national l& bank network1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,national ,l& ,bank        
,network ,act4  #b4 ,f9d+s ,congress    
f9ds ! foll[+3  7#a7 ,vacant & ab&on$   
prop]ties de/abilize rural1 suburban1 & 
urban neighborhoods across ! ,unit$     
,/ates by creat+ fire & o!r public      
safety haz>ds1 driv+ d[n prop]ty values1
 & dra9+ local tax doll>s4  7#b7 ,! co/ 
( repairs to ma9ta9 vacant & ab&on$     
prop]ties1 z well z ! pot5tial unpaid   
taxes & public li5s on vacant & ab&on$  
prop]ties1 (t5 exce$ ! prop]ty values ( 
vacant & ab&on$ prop]ties1 driv+ away   
pur*as]s4  7#c7 ,! lack ( an insurable &
 m>ketable title frequ5tly prev5ts      

vacant & ab&on$ prop]ties f return+ to  
productive use4  7#d7 ,l[-income        
neighborhoods & communities ( color     
disproportionately be> ! burd5 ( liv+   
ne> vacant & ab&on$ prop]ties & ! haz>ds
 associat$ ) ^? prop]ties4  7#e7 ,exi/+ 
prop]ty disposition practices frequ5tly 
prioritize ! ease ( disposition &       
maximiz+ sale prices in/ead ( ! ne$s (  
communities & home[n]s4  7#f7 ,l&       
banks--  7,a7 h be5 develop$ to respond 
to ! *all5ges pos$ by vacant & ab&on$   
prop]ties2 &  7,b7 are prim>ily focus$  
on ! return ( vacant1 ab&on$1 & tax     
del9qu5t prop]ties to productive use 9  
accordance ) locally det]m9$ goals &    
priorities4  7#g7 ,l& banks1 reg>dless (
 ! location1 size ( inv5tory1 or        
duration ( exi/5ce ( a p>ticul> l& bank1
 %>e *all5ges 9 access+ be/ practices1  
rese>*1 te*nical assi/ance1 & o!r       
res\rces4  #c4 ,s5se ( ,congress ,x is !
 s5se ( ,congress t a national l& bank  
network w\ld provide ! tools necess>y to
 ensure t l& banks--  7#a7 use be/      

practices2  7#b7 op]ate transp>5tly2    
7#c7 prioritize positive community      
outcomes2  7#d7 develop p>tn]%ips &     
programm+ to drive community r$evelopm5t
 =w>d2 &  7#e7 access education1        
exp]tise1 & rese>* to /r5g!n ! critical 
"w ( l& banks 9 support+ equitable      
communities4  #d4 ,national l& bank     
network  7a7 ,def9itions ,9 ?is section3
  7#a7 ,corporation ,! t]m ,corporation 
means ! ,neighborhood ,re9ve/m5t        
,corporation e/abli%$ "u ! ,neighborhood
 ,re9ve/m5t ,corporation ,act 7#db      
,u4,s4,c4 #haja et seq474  7#b7         
,eligible entity ,! t]m eligible entity 
means a national nonpr(it organization t
 has demon/rat$ & e/abli%$ exp]tise--   
7,a7 9 support+ ! creation1             
implem5tation1 & op]ation ( l& banks2 & 
7,b7 relat+ to ! sy/ems1 laws1 &        
policies t impact vacant1 ab&on$1 & o!r 
problem prop]ties4  7#c7 ,l& bank ,! t]m
 l& bank means a gov]nm5t entity1 ag5cy1
 or program1 or a special purpose       
nonpr(it entity =m$ by #a or m units (  

gov]nm5t 9 accordance ) a ,/ate or local
 l& bank enabl+ law1 t has be5 designat$
 by #a or m ,/ate or local gov]nm5ts to 
acquire1 /ew>d1 & dispose ( vacant1     
ab&on$1 or o!r problem prop]ties 9      
accordance ) locally det]m9$ priorities 
& goals4  7#d7 ,memb] l& bank ,! t]m    
memb] l& bank means a rural1 suburban1  
or urban l& bank t is a memb] ( !       
national l& bank network4  7#e7         
,national l& bank network ,! t]m        
national l& bank network means !        
memb]%ip-bas$ national l& bank network  
e/abli%$ "u subsection 7b77#a74  7b7    
,national l& bank network ,n lat] ?an   
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 ! ,corporation %all ent] into a   
contract ) an eligible entity to e/abli%
 & op]ate--  7#a7 a memb]%ip-bas$       
national l& bank network2 &  7#b7 !     
grant programs describ$ 9 subsection    
7d74  7c7 ,duties ,! duties ( ! national
 l& bank network %all be to-- 7#a7      
provide te*nical assi/ance to memb] l&  
banks to support skills tra9+1 /aff+    

support1 & o!r op]ational capacity ne$s 
( memb] l& banks2  7#b7 "w ) rural1     
suburban1 & urban communities t are     
consid]+ :e!r a l& bank w\ld be an      
appropriate tool to address vacant1     
ab&on$1 & o!r problem prop]ties 9 ^?    
communities2  7#c7 provide ! communities
 describ$ 9 p>agraph 7#b7 ) te*nical    
assi/ance 9 ! =mation ( a l& bank2  7#d7
 develop p>tn]%ips & programm+ to       
advance ! "w ( l& banks2  7#e7 support  
engagem5t betwe5 l& banks & local       
communities2  7#f7 provide l& banks )   
access to education1 exp]tise1 & rese>* 
t support ! "w ( l& banks1 includ+      
environm5tal haz>d rem$iation1 l& reuse1
 & rehabilitation ( comm]cial &         
resid5tial prop]ties2  7#g7 support !   
p>ticipation ( l& banks 9 local         
community plann+ processes2  7#h7       
support ! engagem5t ( l& banks )        
resid5ts ( neighborhoods 9 :i* l& banks 
op]ate2  7#i7 "w ) rural communities &  
l& banks to ensure t ! grant programs   
e/abli%$ "u subsection 7d7 & education  

initiatives1 exp]tise1 & rese>* ( !     
national l& bank network address !      
specific *all5ges ( rural areas2  7#aj7 
support data collection by l& banks to  
track & evaluate ! activities & outcomes
 ( l& banks2 &  7#aa7 support ! use (   
specializ$ te*nology by l& banks--  7,a7
 to enable /rategic & t>get$ prop]ty    
acquisition & disposition2 &  7,b7 to   
facilitate ! data collection describ$ 9 
p>agraph 7#aj7 9 a /&>diz$ mann] t      
enables data to be aggregat$ & comp>$4  
7d7 ,grant programs  7#a7 ,9 g5]al ,!   
eligible entity ) :i* ! ,corporation    
ent]s into a contract "u subsection 7b7 
%all develop & adm9i/] grant programs to
 support-- 7,a7 l& banks2 &  7,b7       
communities 9 ! creation ( new l& banks4
  7#b7 ,au?ority ,! eligible entity     
describ$ 9 p>agraph 7#a7 may1 ) respect 
to ! grant programs develop$ "u ?is     
subsection--  7,a7 design ! grant       
programs2  7,b7 develop eligibility     
crit]ia = ! grant programs2  7,c7       
disburse grant funds directly to-- 7i7 a

 l& bank2 or  7ii7 a nonpr(it           
organization1 a community organization1 
or #a or m units ( gov]nm5t = ! purpose 
( e/abli%+ a l& bank2 &  7,d7 e/abli%   
report+ requirem5ts = recipi5ts ( !     
grants4  7#c7 ,applications ,a l& bank  
or an entity describ$ 9 subp>agraph     
7,c77ii7 desir+ a grant f a grant       
program develop$ "u ?is subsection %all 
submit to ! eligible entity describ$ 9  
p>agraph 7#a7 an application t includes 
a plan = resid5t engagem5t 9 ! use ( any
 grant funds t has a direct impact on ! 
community4  7#d7 ,reports ,n lat] ?an #a
 ye> aft] ! date on :i* a l& bank or an 
entity describ$ 9 p>agraph 7#b77;,c77ii7
 receives a grant f a grant program     
develop$ "u ?is section1 & annually     
!reaft] until #a ye> aft] ! date on :i* 
! l& bank or entity fully exp5ds ! funds
 f ! grant1 ! l& bank or entity %all    
submit to ! national l& bank network a  
report t includes a summ>y ( ! /eps     
und]tak5 to engage neighborhood resid5ts
 relat+ to activities fund$ by ! grant t

 h a direct impact on ! community4  7e7 
,annual report ,n lat] ?an #a ye> aft] !
 date ( enactm5t ( ?is ,act1 & annually 
!reaft]1 ! ,corporation %all submit to  
,congress a report describ+1 ) respect  
to ! prec$+ fiscal ye>-- 7#a7 ! s]vices 
provid$ to l& banks by ! national l&    
bank network2 &  7#b7 ! outcomes1       
qualitative impacts1 & quantifiable     
impacts t memb] l& banks h _h 9 !       
respective communities ( ^? memb] l&    
banks4  7f7 ,au?orization (             
appropriations ,!re is au?oriz$ to be   
appropriat$ to ! ,corporation to c>ry   
out ?is section--  7#a7 #aj1jjj1jjj =   
fiscal ye> #bjbd1 ( :i* n less ?an      
#g1jjj1jjj %all be us$ = ! grant        
programs develop$ "u subsection 7d72 &  
7#b7 #e1jjj1jjj = ea* ( fiscal ye>s     
#bjbe ?r\gh #bjcd4