cation for feasibility study funding addressing 
the following: 
‘‘(i) A description of the outcome 
goals of the social impact partnership 
project. 
‘‘(ii) A description of the intervention, 
including anticipated program design, tar-
get population, an estimate regarding the 
number of individuals to be served, and 
setting for the intervention. 
‘‘(iii) Evidence to support the likeli-
hood that the intervention will produce the 
desired outcomes. 
‘‘(iv) A description of the potential 
metrics to be used. 
‘‘(v) The expected social benefits to 
participants who receive the intervention 
and others who may be impacted. 
‘‘(vi) Estimated costs to conduct the 
project. 
‘‘(vii) Estimates of Federal, State, 
and local government savings and other 
savings if the project is implemented and 
the outcomes are achieved.
‘‘(viii) An estimated timeline for im-
plementation 
and 
completion 
of 
the 
project, which shall not exceed 10 years. 
‘‘(ix) With respect to a project for 
which the State or local government selects 
an intermediary to operate the project, any 
partnerships needed to successfully execute 
the project and the ability of the inter-
mediary to foster the partnerships. 
‘‘(x) The expected resources needed to 
complete the feasibility study for the State 
or local government to apply for social im-
pact partnership funding under paragraph 
(2). 
‘‘(B) FEDERAL
SELECTION
OF
APPLICA-
TIONS
FOR
FEASIBILITY
STUDY.—Not later 
than 6 months after receiving an application for 
feasibility study funding under subparagraph 
(A), the Secretary, in consultation with the 
Federal Interagency Council on Social Impact 
Partnerships and the head of any Federal agen-
cy administering a similar intervention or serv-
ing a population similar to that served by the 
project, shall select State or local government
feasibility study proposals for funding based on 
the following: 
‘‘(i) The recommendations made by 
the Commission on Social Impact Partner-
ships. 
‘‘(ii) The likelihood that the proposal 
will achieve the desired outcomes. 
‘‘(iii) The value of the outcomes ex-
pected to be achieved. 
‘‘(iv) The potential savings to the 
Federal Government if the social impact 
partnership project is successful. 
‘‘(v) The potential savings to the 
State and local governments if the project 
is successful. 
‘‘(C) PUBLIC
DISCLOSURE.—Not later 
than 30 days after selecting a State or local 
government for feasibility study funding under 
this paragraph, the Secretary shall cause to be 
published on the website of the Federal Inter-
agency Council on Social Impact Partnerships 
information explaining why a State or local gov-
ernment was granted feasibility study funding. 
‘‘(D) FUNDING RESTRICTION.—
‘‘(i) FEASIBILITY
STUDY
RESTRIC-
TION.—The Secretary may not provide fea-
sibility study funding under this paragraph 
for more than 50 percent of the estimated 
total cost of the feasibility study reported 
in the State or local government applica-
tion submitted under subparagraph (A). 
‘‘(ii) AGGREGATE
RESTRICTION.—Of 
the total amount reserved to carry out this 
subsection, the Secretary may not use 
more than $10,000,000 to provide feasi-
bility study funding to States or local gov-
ernments under this paragraph. 
‘‘(iii) NO GUARANTEE OF FUNDING.— 
The Secretary shall have the option to 
award no funding under this paragraph. 
‘‘(E) SUBMISSION OF FEASIBILITY STUDY 
REQUIRED.—Not later than 9 months after the 
receipt of feasibility study funding under this 
paragraph, a State or local government receiv-
ing the funding shall complete the feasibility 
study and submit the study to the Federal 
Interagency Council on Social Impact Partner-
ships.