I 
116TH CONGRESS 
1ST SESSION H. R. 3664 
To direct the Community Development Financial Institutions Fund to perform 
an outreach program for the new markets tax credit to underserved 
communities, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 10, 2019 
Mr. HECK (for himself, Mr. COLE, Ms. DELBENE, Ms. HAALAND, Ms. HER-
RERA
BEUTLER, Mr. KILMER, Mr. KIND, Ms. MCCOLLUM, Mr. 
NEWHOUSE, and Mrs. TORRES of California) introduced the following 
bill; which was referred to the Committee on Ways and Means, and in 
addition to the Committee on Financial Services, for a period to be subse-
quently determined by the Speaker, in each case for consideration of such 
provisions as fall within the jurisdiction of the committee concerned 
A BILL 
To direct the Community Development Financial Institutions 
Fund to perform an outreach program for the new mar-
kets tax credit to underserved communities, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Aiding Development 
of Vital Assets in Native Communities and Environments 
Act of 2019’’ or the ‘‘ADVANCE Act of 2019’’. 
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SEC. 2. NEW MARKETS TAX CREDIT OUTREACH TO UNDER-
SERVED COMMUNITIES. 
(a) IN GENERAL.—Subtitle A of title I of the Riegle 
Community Development and Regulatory Improvement 
Act of 1994 (12 U.S.C. 4701 et seq.) is amended by add-
ing at the end the following new section: 
‘‘SEC. 123. NEW MARKETS TAX CREDIT OUTREACH TO UN-
DERSERVED COMMUNITIES. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall— 
‘‘(1) establish a program under which the Fund 
shall provide outreach and training with respect to 
the new markets tax credit in low-income commu-
nities with a disproportionately low amount of quali-
fied low-income community investments by qualified 
community development entities; and 
‘‘(2) include questions to determine in the ap-
plication for allocation of new markets tax credit 
limitation, and consider as an innovative use or a 
comparable incentive in the evaluation of such appli-
cations, the extent to which such entity intends to 
make qualified low-income community investments 
within Indian country; and 
‘‘(3) to the maximum extent practicable, ensure 
that at least one qualified community development 
entity whose primary mission is to fund projects 
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within or that directly benefit Indian country re-
ceives an allocation for each allocation round. 
‘‘(b) DEFINITIONS.—For purposes of this section— 
‘‘(1) NEW MARKETS TAX CREDIT.—Any term 
used in this section which is also used in section 
45D of the Internal Revenue Code of 1986 shall 
have the same meaning as when used in such section 
45D. 
‘‘(2) INDIAN
COUNTRY.—The term ‘Indian 
country’ has the meaning given such term in section 
1151 of title 18, United States Code.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b) of the Riegle Community Development and 
Regulatory Improvement Act of 1994 is amended by in-
serting after the item relating to section 121 the following: 
‘‘122. Grants to establish loan-loss reserve funds. 
‘‘123. New markets tax credit outreach to underserved communities.’’. 
Æ 
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