288 
(19) All Americans would be better served by a 
policymaking process that did not unfairly prioritize 
the comfort and health of some groups or commu-
nities at the expense of others. 
(20) Clean air, clean water, resource conserva-
tion, and other policy goals that spurred lawmakers 
to enact existing environmental and public health 
protections are vitally important. 
(21) The need for adequate environmental and 
public health protections is inextricably linked with 
the need for a more sustainable economy and 
greener, more livable communities. 
(22) Environmental and public health policies 
should adequately and equally protect all Americans, 
and that equal protection is possible only in a con-
text of environmental justice. 
(23) Environmental justice advocates are com-
mendable for their continuing struggle to achieve 
fairer, healthier, more sustainable policies and out-
comes. 
(24) There is a prevalence of environmental in-
justices that directly affect the health and well-being 
of individuals and communities across the country, 
especially racial minority, rural, indigenous, and low- 
income communities. 
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(25) Congress should commit to ameliorating 
existing environmental injustices, and to preventing 
future injustices, by supporting greater objectivity, 
transparency, and outreach in policymaking at all 
levels of government; by supporting improved two- 
way communication between policymakers and those 
affected by their decisions; and by supporting proc-
esses that ensure policymakers give due consider-
ation not just to the effects of their decisions, but 
to how those effects are distributed and by whom 
they are borne. 
SEC. 4007. FINDINGS. 
Congress finds the following: 
(1) Endometrial cancer is cancer of the lining 
of the uterus (or endometrium) and is the most com-
mon form of uterine cancer. 
(2) Endometrial cancer is the fourth most com-
mon cancer diagnosed in women, after breast, lung, 
and colon cancer. 
(3) Endometrial cancer mainly affects post-
menopausal women, with most women diagnosed be-
tween age 55 and 64. 
(4) Women with polycystic ovary syndrome 
(PCOS) have an increased risk of developing 
endometrial cancer. 
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(5) Unlike most other types of cancer, the inci-
dence of endometrial cancer, particularly aggressive 
subtypes of such cancer, has been increasing in the 
United States among all women, particularly among 
African-American and Asian women, with a 2.5 an-
nual percent change for both groups. 
(6) In comparison to non-Hispanic White 
women, African-American women have significantly 
higher incidence rates of aggressive endometrial can-
cers. 
(7) Such incidence rates for Hispanic and Asian 
women are equal to or lower than such incidence 
rates for non-Hispanic White women. 
(8) Although non-Hispanic White women are 
more likely to be diagnosed with endometrial cancer 
in comparison to African-American women, the rate 
of mortality is higher for African-American women. 
(9) Currently, the cause of such disparity is un-
known. Researchers have studied the disparity in re-
lation to the time between diagnosis and treatment 
of endometrial cancer, including socioeconomic fac-
tors. 
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SEC. 4008. EXPANDING RESEARCH AND EDUCATION WITH 
RESPECT TO ENDOMETRIAL CANCER. 
(a) NATIONAL INSTITUTES OF HEALTH.—Part B of 
title IV of the Public Health Service Act (42 U.S.C. 284 
et seq.) is amended by adding at the end the following 
new section: 
‘‘SEC. 409K. ENDOMETRIAL CANCER. 
‘‘(a) IN GENERAL.—The Director of NIH shall— 
‘‘(1) expand, intensify, and coordinate programs 
to conduct and support research with respect to 
endometrial cancer; and 
‘‘(2) communicate to medical professionals and 
researchers, including through the endometrial can-
cer public education program established under sec-
tion 399V–7, the disparity in the diagnosis of 
endometrial 
cancer 
between 
African-American 
women and non-Hispanic White women and any new 
research relating to endometrial cancer. 
‘‘(b) COORDINATION WITH OTHER INSTITUTES.— 
The Director of NIH shall coordinate activities carried out 
by the Director pursuant to subsection (a) with similar 
activities carried out by— 
‘‘(1) the Director of the Eunice Kennedy Shriv-
er National Institute of Child Health and Human 
Development; 
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‘‘(2) the Director of the National Institute on 
Minority Health and Health Disparities; and 
‘‘(3) the Director of the Office of Research on 
Women’s Health. 
‘‘(c) AUTHORIZATION
OF
APPROPRIATIONS.—For 
purposes of carrying out this section, there is authorized 
to be appropriated $500,000 for each of fiscal years 2019 
through 2021.’’. 
(b) CENTERS FOR DISEASE CONTROL AND PREVEN-
TION.—Part P of title III of the Public Health Service 
Act (42 U.S.C. 280g et seq.) is amended by adding at 
the end the following new section: 
‘‘SEC. 399V–7. ENDOMETRIAL CANCER PUBLIC EDUCATION 
PROGRAM. 
‘‘(a) IN GENERAL.—The Secretary, acting through 
the Director of the Centers for Disease Control and Pre-
vention, shall develop and disseminate to the public infor-
mational materials on endometrial cancer, including the 
incidence rate of such cancer, the risk factors for devel-
oping such cancer, the increased risk for ethnic minority 
women to develop such cancer, and the range of available 
treatments for such cancer. Any informational material 
developed pursuant to the previous sentence may be trans-
mitted to a nonprofit organization; institution of higher 
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education; Federal, State, or local agency; or media entity 
for purposes of disseminating such material to the public. 
‘‘(b) CONSULTATION.—In developing and dissemi-
nating informational materials under subsection (a), the 
Director of the Centers for Disease Control and Preven-
tion shall consult with the Administrator of the Health 
Resources and Services Administration. 
‘‘(c) AUTHORIZATION
OF
APPROPRIATIONS.—For 
purposes of carrying out this section, there is authorized 
to be appropriated such sums as may be necessary for 
each of fiscal years 2019 through 2021.’’. 
TITLE V—SMALL BUSINESS 
SEC. 5001. DIRECT LOANS TO SMALL BUSINESS CONCERNS. 
(a) IN GENERAL.—From amounts appropriated pur-
suant to subsection (e), the Administrator of the Small 
Business Administration shall establish a program to 
make direct loans to small business concerns (as defined 
under section 3 of the Small Business Act (15 U.S.C. 
632)). 
(b) AMOUNT.—Loans made under this section shall 
be in an amount not greater than the lesser of— 
(1) 5 percent of the annual revenue of the small 
business concern requesting the loan; or 
(2) $250,000. 
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(c) INTEREST RATE.—The interest rate on a loan 
made under this section shall be equal to the discount win-
dow primary credit interest rate most recently published 
on the Federal Reserve Statistical Release on selected in-
terest rates (daily or weekly), commonly referred to as the 
H.15 release. 
(d) REPORT.—The Administrator of the Small Busi-
ness Administration shall submit a report to Congress on 
the implementation and results of the program established 
under this section. 
(e) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated $25,000,000 for each 
of fiscal years 2018 to 2022. 
SEC. 5002. PILOT PROGRAM TO FUND LOCAL INCUBATORS. 
(a) ESTABLISHMENT.—The Secretary of Commerce 
shall establish a competitive program to make grants to 
States and political subdivisions of States to partner with 
local incubators in order to provide start-ups with work-
space and other resources for use in developing their busi-
nesses. 
(b) ELIGIBILITY.—The Secretary may only award a 
grant under this section to a State or political subdivision 
of a State that submits an application at such time, in 
such form, and with such information and assurances as 
the Secretary may require, including an identification of 
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one or more incubators with which the State or political 
subdivision will partner in implementing the grant. 
(c) LIMITATIONS.— 
(1) ONE GRANT PER STATE OR POLITICAL SUB-
DIVISION.—A State or political subdivision of a 
State may not receive more than one grant under 
this section. For purposes of the preceding sentence, 
a grant received by a State shall not be considered 
to be received by a political subdivision of the State, 
and a grant received by a political subdivision of a 
State shall not be considered to be received by the 
State. 
(2) AMOUNT
OF
GRANT.—A grant awarded 
under this section may not exceed $500,000. 
(d) USE OF FUNDS.— 
(1) IN GENERAL.—A State or political subdivi-
sion of a State that receives a grant under this sec-
tion shall use grant funds to partner with one or 
more incubators located within the territory of such 
State or political subdivision in order to provide 
start-ups with workspace and other resources for use 
in developing their businesses. The partnership may 
take such form as the Secretary considers appro-
priate, including one or more subgrants from the 
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State or political subdivision to the incubator or in-
cubators. 
(2) SPECIFIC
EXPENSES
INCLUDED.—Grant 
funds may be used for any expense incurred in order 
to provide start-ups with workspace and other re-
sources for use in developing their businesses, in-
cluding— 
(A) purchase or rental of land; 
(B) modification of buildings; 
(C) charges for utility services or broad-
band service; 
(D) fees of consultants for the provision of 
technical or professional assistance; 
(E) costs of promoting the incubator or in-
cubators; and 
(F) any other such expense that the Sec-
retary considers appropriate. 
(e) MATCHING REQUIREMENT.—A State or political 
subdivision of a State may not partner with an incubator 
(or group of incubators) in implementing a grant under 
this section unless the incubator (or group of incubators) 
agrees that, with respect to the expenses to be incurred 
in carrying out activities within the scope of the partner-
ship, the incubator (or group of incubators) will make 
available from private funds contributions in an amount 
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equal to not less than 50 percent of the amount made 
available by the State or political subdivision from grant 
funds under this section. 
(f) REPORT TO CONGRESS.—Not later than 180 days 
after the end of fiscal year 2021, the Secretary shall sub-
mit to Congress a report on the results achieved by the 
grant program established under this section. Such report 
shall include recommendations of the Secretary with re-
spect to extending, expanding, or improving the program. 
(g) DEFINITIONS.—In this section: 
(1) INCUBATOR.—The term ‘‘incubator’’ means 
a private-sector entity that— 
(A) provides start-ups with workspace and 
other resources (such as utilities, broadband 
service, and technical or professional assistance) 
for use in developing their businesses; and 
(B) may charge start-ups a reasonable fee 
for such resources. 
(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Commerce. 
(3) START-UP.—The term ‘‘start-up’’ means 
any business entity (including an individual oper-
ating an unincorporated business) that, as of the 
time the entity receives resources from an incu-
bator— 
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(A) has been in operation for not more 
than 5 years; 
(B) has not more than 5 employees; and 
(C) for the most recently completed fiscal 
year of the entity (if any) and any preceding 
fiscal year, has annual gross revenues of less 
than $150,000. 
(4) STATE.—The term ‘‘State’’ means each of 
the several States, the District of Columbia, each 
commonwealth, territory, or possession of the United 
States, and each federally recognized Indian tribe. 
(h) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Secretary to carry 
out this section $5,000,000, of which not more than 5 per-
cent shall be available for the costs of administering the 
grant program established under this section, for each of 
the fiscal years 2018 through 2022. 
SEC. 5003. FUNDING FOR ORGANIZATIONS THAT SUPPORT 
STARTUP BUSINESSES. 
(a) FINDINGS.—Congress finds that— 
(1) startups face common challenges as they 
seek to transform their ideas into successful, high- 
growth businesses; 
(2) incubators and accelerators are new models 
of growth that drive innovation by connecting entre-
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preneurial individuals and teams to create viable 
business ventures and social initiatives; 
(3) startups have contributed greatly to the 
United States economy, with research showing that 
between 1982 and 2011, businesses 5 years or 
younger were responsible for nearly every net new 
job created; 
(4) incubators and accelerators support prom-
ising startups through partnerships, mentoring, and 
resources connecting them with seasoned entre-
preneurs; 
(5) the goal of an incubator or an accelerator 
is to help create and grow young businesses by pro-
viding them with necessary financial, technical, and 
industry support and financial and technical serv-
ices; and 
(6) startups offer unique opportunities for 
growth and development for women, minority, and 
veterans to become successful entrepreneurs and 
leaders in new and developed fields. 
(b) FUNDING FOR ORGANIZATIONS THAT SUPPORT 
STARTUP BUSINESSES.—The Small Business Act (15 
U.S.C. 631 et seq.) is amended— 
(1) by redesignating section 47 (15 U.S.C. 631 
note) as section 48; and 
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(2) by inserting after section 46 the following: 
‘‘SEC. 47. FUNDING FOR ORGANIZATIONS THAT SUPPORT 
STARTUP BUSINESSES. 
‘‘(a) DEFINITIONS.—In this section— 
‘‘(1) the term ‘accelerator’ means an organiza-
tion that— 
‘‘(A) frequently provides, but is not exclu-
sively designed to provide, seed investment in 
exchange for a small amount of equity; 
‘‘(B) works with a startup for a predeter-
mined amount of time; 
‘‘(C) provides mentorship and instruction 
to scale businesses; or 
‘‘(D) offers startup capital or the oppor-
tunity to raise capital from outside investors; 
‘‘(2) the term ‘eligible entity’ means an organi-
zation— 
‘‘(A) that is located in the United States; 
‘‘(B) the primary purpose of which is to 
support new small business concerns; and 
‘‘(C) that is often classified as an accel-
erator; 
‘‘(3) the term ‘new small business concern’ 
means a small business concern that has been in op-
eration for not more than 5 years; 
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‘‘(4) the term ‘small business concern owned 
and controlled by socially and economically disadvan-
taged individuals’ has the meaning given the term in 
section 8(d)(3)(C); and 
‘‘(5) the term ‘State’ means any State of the 
United States, the District of Columbia, the Com-
monwealth of Puerto Rico, and any territory or pos-
session of the United States. 
‘‘(b) FUNDING.— 
‘‘(1) IN GENERAL.—Not later than 1 year after 
the date of enactment of this section, the Adminis-
trator shall develop and begin implementing a pro-
gram to award cash prizes or grants of not more 
than $50,000 to eligible entities to support new 
small business concerns. 
‘‘(2) USE OF FUNDS.—A prize or grant under 
this section— 
‘‘(A) may be used for construction costs, 
space acquisition, and programmatic purposes; 
and 
‘‘(B) may not be used to provide capital or 
professional services to new small business con-
cerns directly or through the subaward of 
funds. 
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‘‘(3) DISBURSAL
OF
FUNDS.—In disbursing 
funds under this section, the Administrator may use 
incremental or scheduled payments. 
‘‘(c) APPLICATION.— 
‘‘(1) IN GENERAL.—An eligible entity desiring a 
prize or grant under this section shall demonstrate 
that the eligible entity will use the prize or grant to 
provide assistance to not less than 10 new small 
business concerns per year. 
‘‘(2) REQUIREMENTS.—In soliciting applica-
tions and awarding prizes or grants to eligible enti-
ties under this section, the Administrator shall em-
ploy a streamlined and inclusive approach that— 
‘‘(A) widely publicizes funding opportuni-
ties to a broad audience; 
‘‘(B) utilizes an easily accessible submis-
sion process or platform; 
‘‘(C) does not mandate the use of forms, 
detailed budgets, supporting documentation, or 
written submissions or impose other burden-
some requirements; 
‘‘(D) focuses on solution-based approaches 
and results-based outcomes; 
‘‘(E) encourages innovation; and 
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‘‘(F) allows proposals or pitches to be pre-
sented using various formats or media. 
‘‘(d) CRITERIA.—The Administrator shall establish 
criteria for a prize or grant under this section that shall 
give priority to eligible entities that are providing or plan 
to provide to new small business concerns— 
‘‘(1) office, manufacturing, or warehouse space, 
including appropriate operations infrastructure; 
‘‘(2) access to capital either directly from the 
eligible entity (using amounts other than the 
amounts provided under the prize or grant) or 
through guidance and contacts for acquiring capital 
from outside investors; 
‘‘(3) access to professional services either di-
rectly from the eligible entity (using amounts other 
than the amounts provided under the prize or grant) 
or through guidance and contacts for acquiring pro-
fessional services, including accounting and legal 
services; or 
‘‘(4) a formal structured mentorship or develop-
mental program that assists new small business con-
cerns with building business skills and competencies. 
‘‘(e) CONSIDERATIONS IN CHOOSING RECIPIENTS.— 
In determining whether to award a prize or grant under 
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‘‘(B) the number of new small business 
concerns applying or anticipated to apply for 
assistance from the eligible entity; 
‘‘(C) whether the program of the eligible 
entity provides or would provide assistance to 
individuals in gender, racial, or ethnic groups 
underrepresented by existing programs to assist 
new small business concerns; and 
‘‘(D) other metrics determined appropriate 
by the Administrator; 
‘‘(3) the need in the geographic area to be 
served by the program to be carried out using the 
prize or grant for additional assistance for new small 
business concerns, if the area has sufficient popu-
lation density, as determined by the Administrator; 
‘‘(4) the level of experience of the entrepre-
neurial leadership of the eligible entity; 
‘‘(5) the ability of the eligible entity to use and 
leverage local strengths, including human resources, 
infrastructure, and educational institutions; and 
‘‘(6) the desire to promote diversity in entrepre-
neurship by ensuring that not less than 50 percent 
of prizes or grants shall be awarded annually to— 
‘‘(A) accelerators located in geographically 
underserved areas; or 
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‘‘(B) accelerators serving— 
‘‘(i) Native Americans; 
‘‘(ii) small business concerns owned 
and controlled by socially and economically 
disadvantaged individuals; 
‘‘(iii) individuals participating in the 
Transition Assistance Program of the De-
partment of Defense; 
‘‘(iv) individuals who— 
‘‘(I) served on active duty in any 
branch of the Armed Forces, includ-
ing the National Guard and Reserves; 
and 
‘‘(II) were discharged or released 
from such service under conditions 
other than dishonorable; 
‘‘(v) individuals with disabilities; 
‘‘(vi) women; and 
‘‘(vii) formerly incarcerated individ-
uals. 
‘‘(f) MATCHING NONPUBLIC FUNDING REQUIRE-
MENT.— 
‘‘(1) IN GENERAL.—An eligible entity receiving 
a prize or grant under this section shall obtain funds 
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from a private individual or entity (including a for- 
profit or nonprofit entity) that are— 
‘‘(A) for the same purposes as a prize or 
grant may be made under this section; 
‘‘(B) used to carry out the program of the 
eligible entity carried out using the prize or 
grant under this section; and 
‘‘(C) in an amount that is not to be less 
than 50 percent of the amount of the prize or 
grant under this section. 
‘‘(2) FORM
OF
NON-FEDERAL
SHARE.—Not 
more than 25 percent of the funds obtained under 
paragraph (1) may be in the form of in-kind con-
tributions. 
‘‘(g) CONSEQUENCES
OF FAILURE TO ABIDE
BY 
TERMS AND CONDITIONS OF PRIZE OR GRANT REQUIRE-
MENTS OF THIS SECTION.—The Administrator shall no-
tify each eligible entity receiving a prize or grant under 
this section that failure to abide by the terms and condi-
tions of the prize or grant or the requirements of this sec-
tion may, in the discretion of the Administrator and in 
addition to any other civil or criminal consequences, result 
in the Administrator withholding payments or ordering 
the eligible entity to return the prize or grant funds. 
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‘‘(h) ANNUAL PROGRESS REPORTING BY RECIPIENTS 
OF PRIZE OR GRANT.—Each eligible entity receiving a 
prize or grant under this section shall submit to the Ad-
ministrator an annual report on the progress of the pro-
gram carried out using the amounts received under the 
prize or grant, including— 
‘‘(1) the number of new small business concerns 
participating in the program during each of the pre-
vious 3 years; 
‘‘(2) the number of new small business concerns 
applying to participate in the program during each 
of the previous 3 years; 
‘‘(3) the retention rate of new small business 
concerns in the program; 
‘‘(4) the average period of participation in the 
program by new small business concerns; 
‘‘(5) the total, average, and median capital 
raised by new small business concerns participating 
in the program; 
‘‘(6) the total, average, and median number of 
employees of new small business concerns partici-
pating in the program; 
‘‘(7) the number of new small business concerns 
owned and controlled by— 
‘‘(A) Native Americans; 
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‘‘(B) socially and economically disadvan-
taged individuals; 
‘‘(C) individuals participating in the Tran-
sition Assistance Program of the Department of 
Defense; 
‘‘(D) individuals who— 
‘‘(i) served on active duty in any 
branch of the Armed Forces, including the 
National Guard and Reserves; and 
‘‘(ii) were discharged or released from 
such service under conditions other than 
dishonorable; 
‘‘(E) women; and 
‘‘(F) formerly incarcerated individuals; and 
‘‘(8) other metrics determined appropriate by 
the Administrator. 
‘‘(i) REPORT
TO CONGRESS.—The Administrator 
shall submit to Congress an annual report on the program 
under this section, which shall include an assessment of 
the effectiveness of the program, including an assessment 
based on the metrics listed in subsection (h). 
‘‘(j) COORDINATION WITH OTHER SMALL BUSINESS 
ADMINISTRATION PROGRAMS.—The Administrator shall 
take appropriate action to encourage eligible entities re-
ceiving a prize or grant under this section to use and in-
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corporate other programs of the Administration, such as 
small business development centers, small business invest-
ment companies, loans under section 7(a), and assistance 
under title V of the Small Business Investment Act of 
1958 (15 U.S.C. 695 et seq.). 
‘‘(k) COORDINATION WITH THE DEPARTMENT OF 
VETERANS AFFAIRS.—In consultation with the Secretary 
of Veteran Affairs, the Administrator shall make available 
outreach materials regarding the opportunities for vet-
erans within the program under this section for distribu-
tion and display at local facilities of the Department of 
Veterans Affairs. 
‘‘(l) LISTING ON WEBSITE.—The Administrator shall 
include a list of eligible entities receiving a prize or grant 
under this section on the website of the Administration. 
‘‘(m) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out this section 
$6,000,000 for each of the first 5 fiscal years beginning 
after the date of enactment of this section.’’. 
SEC. 5004. EXPANDING BROADCAST OWNERSHIP OPPORTU-
NITIES. 
(a) FCC REPORTS TO CONGRESS.— 
(1) 
BIENNIAL
REPORT
CONTAINING
REC-
OMMENDATIONS
FOR
INCREASING
NUMBER
OF 
MINORITY- AND
WOMEN-OWNED
BROADCAST
STA-
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311 
TIONS.—Not later than 180 days after the date of 
the enactment of this Act, and not less frequently 
than every 2 years thereafter, the Commission shall 
submit to Congress a report containing rec-
ommendations for how to increase the total number 
of broadcast stations that are owned or controlled by 
members of minority groups or women, or by both 
members of minority groups and women. 
(2) 
BIENNIAL
REPORT
ON
NUMBER
OF 
MINORITY- AND
WOMEN-OWNED
BROADCAST
STA-
TIONS.—Not later than 180 days after the date of 
the enactment of this Act, and not less frequently 
than every 2 years thereafter, the Commission shall 
submit to Congress a report that states the total 
number of broadcast stations that are owned or con-
trolled by members of minority groups or women, or 
by both members of minority groups and women, 
based on data reported to the Commission on Form 
323. 
(b) TAX CERTIFICATE PROGRAM FOR BROADCAST 
STATION TRANSACTIONS FURTHERING OWNERSHIP BY 
SOCIALLY AND ECONOMICALLY DISADVANTAGED INDI-
VIDUALS.— 
(1) REQUIREMENTS FOR ISSUANCE OF CERTIFI-
CATE BY FCC.— 
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312 
(A) IN GENERAL.—Part I of title III of the 
Communications Act of 1934 (47 U.S.C. 301 et 
seq.) is amended by adding at the end the fol-
lowing: 
‘‘SEC. 344. TAX CERTIFICATE PROGRAM FOR BROADCAST 
STATION TRANSACTIONS FURTHERING OWN-
ERSHIP BY SOCIALLY AND ECONOMICALLY 
DISADVANTAGED INDIVIDUALS. 
‘‘(a) ISSUANCE OF CERTIFICATE BY COMMISSION.— 
Upon application by a person who engages in a sale of 
an interest in a broadcast station described in subsection 
(b), subject to the rules adopted by the Commission under 
subsection (c), the Commission shall issue to such person 
a certificate stating that such sale meets the requirements 
of this section. 
‘‘(b) SALES DESCRIBED.—The sales described in this 
subsection are the following: 
‘‘(1) SALE RESULTING IN OWNERSHIP BY SO-
CIALLY AND ECONOMICALLY DISADVANTAGED INDI-
VIDUALS.—A sale— 
‘‘(A) of an interest in a broadcast station 
that, before such sale, is not owned by socially 
and economically disadvantaged individuals; and 
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313 
‘‘(B) that results in the station being 
owned by socially and economically disadvan-
taged individuals. 
‘‘(2) SALE BY INVESTOR IN STATION OWNED BY 
SOCIALLY AND ECONOMICALLY DISADVANTAGED IN-
DIVIDUALS.—In the case of a person who has con-
tributed capital in exchange for an interest in a 
broadcast station that is owned by socially and eco-
nomically disadvantaged individuals, a sale by such 
person of some or all of such interest. 
‘‘(c) RULES.—The Commission shall adopt rules for 
the issuance of a certificate under subsection (a) that pro-
vide for the following: 
‘‘(1) LIMIT ON VALUE OF SALE.—A limit on the 
value of an interest the sale of which qualifies for 
the issuance of such a certificate. 
‘‘(2) MINIMUM HOLDING PERIOD.—In the case 
of a sale described in subsection (b)(1), a minimum 
period following the sale during which the broadcast 
station must remain owned by socially and economi-
cally disadvantaged individuals. 
‘‘(3) CUMULATIVE
LIMIT
ON
NUMBER
OR 
VALUE OF SALES.—A limit on the total number of 
sales or the total value of sales, or both, for which 
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314 
a person may be issued certificates under subsection 
(a). 
‘‘(4) PARTICIPATION IN STATION MANAGEMENT 
BY SOCIALLY AND ECONOMICALLY DISADVANTAGED 
INDIVIDUALS.—Requirements for participation by 
socially and economically disadvantaged individuals 
in the management of the broadcast station. 
‘‘(d) ANNUAL REPORT TO CONGRESS.—The Commis-
sion shall submit to Congress an annual report describing 
the sales for which certificates have been issued under sub-
section (a) during the period covered by the report. 
‘‘(e) DEFINITIONS.—In this section: 
‘‘(1) OWNED BY SOCIALLY AND ECONOMICALLY 
DISADVANTAGED
INDIVIDUALS.—The term ‘owned 
by socially and economically disadvantaged individ-
uals’ means, with respect to a broadcast station, 
that— 
‘‘(A) such station is at least 51 percent 
owned by one or more socially and economically 
disadvantaged individuals, or, in the case of any 
publicly owned broadcast station, at least 51 
percent of the stock of such station is owned by 
one or more socially and economically disadvan-
taged individuals; and 
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315 
‘‘(B) the management and daily business 
operations of such station are controlled by one 
or more of such individuals. 
‘‘(2) SOCIALLY AND ECONOMICALLY DISADVAN-
TAGED
INDIVIDUAL.—The term ‘socially and eco-
nomically disadvantaged individual’ means an indi-
vidual who is socially and economically disadvan-
taged. The Commission shall presume that socially 
and economically disadvantaged individuals in-
clude— 
‘‘(A) Black Americans, Hispanic Ameri-
cans, Native Americans, Asian Pacific Ameri-
cans, and other minorities; and 
‘‘(B) women. 
‘‘(3) SOCIALLY DISADVANTAGED INDIVIDUAL.— 
The term ‘socially disadvantaged individual’ means 
an individual who has been subjected to racial or 
ethnic prejudice or cultural bias because of the iden-
tity of the individual as a member of a group with-
out regard to the individual qualities of the indi-
vidual. 
‘‘(4) ECONOMICALLY
DISADVANTAGED
INDI-
VIDUAL.—The term ‘economically disadvantaged in-
dividual’ means a socially disadvantaged individual 
whose ability to compete in the free enterprise sys-
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316 
tem has been impaired due to diminished capital and 
credit opportunities as compared to others in the 
same business area who are not socially disadvan-
taged. In determining the degree of diminished cred-
it and capital opportunities, the Commission shall 
consider, but not be limited to, the assets and net 
worth of such socially disadvantaged individual.’’. 
(B) 
DEADLINE
FOR
ADOPTION
OF 
RULES.—The Commission shall adopt rules to 
implement section 344 of the Communications 
Act of 1934, as added by subparagraph (A), 
not later than 1 year after the date of the en-
actment of this Act. 
(C) REPORT TO CONGRESS ON PROGRAM 
EXPANSION.—Not later than 6 years after the 
date of the enactment of this Act, the Commis-
sion shall submit to Congress a report regard-
ing whether Congress should expand section 
344 of the Communications Act of 1934, as 
added by subparagraph (A), beyond broadcast 
stations to cover other entities regulated by the 
Commission. 
(D) REPORT TO CONGRESS ON NEXUS BE-
TWEEN DIVERSITY OF OWNERSHIP AND DIVER-
SITY OF VIEWPOINT.—Not later than 6 years 
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317 
after the date of the enactment of this Act, and 
not less frequently than every 5 years thereafter 
until the amendments made by this section 
cease to apply in accordance with paragraph 
(4), the Commission shall submit to Congress a 
report, including supporting data, on whether 
there is a nexus between diversity of ownership 
or control of broadcast stations (including own-
ership or control by members of minority 
groups or women, or by both members of mi-
nority groups and women) and diversity of the 
viewpoints expressed in the matter broadcast by 
broadcast stations. 
(2) NONRECOGNITION OF GAIN OR LOSS FOR 
TAX PURPOSES.— 
(A) IN GENERAL.—Subchapter O of chap-
ter 1 of the Internal Revenue Code of 1986 is 
amended by inserting after part IV the fol-
lowing new part: 
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318 
‘‘PART V—SALE OF INTEREST IN CERTAIN 
BROADCAST STATIONS. 
‘‘SEC. 1071. NONRECOGNITION OF GAIN OR LOSS FROM 
SALE OF INTEREST IN CERTAIN BROADCAST 
STATIONS. 
‘‘(a) NONRECOGNITION OF GAIN OR LOSS.—If a sale 
of an interest in a broadcast station, within the meaning 
of section 344 of the Communications Act of 1934, is cer-
tified by the Federal Communications Commission under 
such section, such sale shall, if the taxpayer so elects, be 
treated as an involuntary conversion of such property 
within the meaning of section 1033. For purposes of such 
section as made applicable by the provisions of this sec-
tion, stock of a corporation operating a broadcast station 
shall be treated as property similar or related in service 
or use to the property so converted. The part of the gain, 
if any, on such sale to which section 1033 is not applied 
shall nevertheless not be recognized, if the taxpayer so 
elects, to the extent that it is applied to reduce the basis 
for determining gain or loss on any such sale, of a char-
acter subject to the allowance for depreciation under sec-
tion 167, remaining in the hands of the taxpayer imme-
diately after the sale, or acquired in the same taxable year. 
The manner and amount of such reduction shall be deter-
mined under regulations prescribed by the Secretary. Any 
election made by the taxpayer under this section shall be 
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319 
made by a statement to that effect in his return for the 
taxable year in which the sale takes place, and such elec-
tion shall be binding for the taxable year and all subse-
quent taxable years. 
‘‘(b) MINIMUM HOLDING PERIOD; CONTINUED MAN-
AGEMENT.—If— 
‘‘(1) there is nonrecognition of gain or loss to 
a taxpayer under this section with respect to a sale 
of property (determined without regard to this para-
graph), and 
‘‘(2) the taxpayer ceases to fulfill any require-
ments of the rules adopted by the Federal Commu-
nications Commission under paragraph (2) or (4) of 
section 344(c) of the Communications Act of 1934 
(as such rules are in effect on the date of such sale), 
there shall be no nonrecognition of gain or loss under this 
section to the taxpayer with respect to such sale, except 
that any gain or loss recognized by the taxpayer by reason 
of this subsection shall be taken into account as of the 
date on which the taxpayer so ceases to fulfill such re-
quirements. 
‘‘(c) BASIS.—For basis of property acquired on a sale 
treated as an involuntary conversion under subsection (a), 
see section 1033(b).’’. 
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320 
(B) CLERICAL AMENDMENT.—The table of 
parts for subchapter O of chapter 1 of the In-
ternal Revenue Code of 1986 is amended by in-
serting after the item related to part IV the fol-
lowing new part: 
‘‘PART V—SALE OF INTEREST IN CERTAIN BROADCAST STATIONS 
‘‘Section 1071. Nonrecognition of gain or loss from sale of interest in certain 
broadcast stations.’’. 
(3) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply with respect to sales 
of interests in broadcast stations after the date that 
is 1 year after the date of the enactment of this Act. 
(4) SUNSET.—The amendments made by this 
subsection shall not apply with respect to sales of in-
terests in broadcast stations after the date that is 
16 years after the date of the enactment of this Act. 
(c) INCUBATOR PILOT PROGRAM.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this Act, the 
Commission shall establish a program under which 
the Commission may grant a waiver of paragraph 
(a) or (b) of section 73.3555 of title 47, Code of 
Federal Regulations, to a licensee of a broadcast 
station to enable the licensee to acquire an interest 
that would otherwise be prohibited by such para-
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321 
graph in a broadcast station that is owned by so-
cially and economically disadvantaged individuals. 
(2) REPORT TO CONGRESS.—The Commission 
shall submit to Congress a report on the effective-
ness of the program established under paragraph (1) 
not later than the date that is 4 years after the date 
on which the Commission establishes the program 
under such paragraph. 
(3) SUNSET.—The Commission may not grant 
a waiver under paragraph (1) after the date that is 
5 years after the date on which the Commission es-
tablishes the program under such paragraph. 
(d) DEFINITIONS.—In this section: 
(1) BROADCAST STATION.—The term ‘‘broad-
cast station’’ has the meaning given such term in 
section 3 of the Communications Act of 1934 (47 
U.S.C. 153). 
(2) COMMISSION.—The term ‘‘Commission’’ 
means the Federal Communications Commission. 
(3) OWNED BY SOCIALLY AND ECONOMICALLY 
DISADVANTAGED
INDIVIDUALS.—The term ‘‘owned 
by socially and economically disadvantaged individ-
uals’’ has the meaning given such term in section 
344 of the Communications Act of 1934, as added 
by subsection (b). 
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322 
SEC. 5005. PERMANENT INCREASE OF LIMITATION ON DE-
DUCTION FOR START-UP AND ORGANIZA-
TIONAL EXPENDITURES. 
(a) START-UP EXPENDITURES.— 
(1) IN GENERAL.—Section 195(b)(1)(A)(ii) of 
the Internal Revenue Code of 1986 is amended— 
(A) by striking ‘‘$5,000’’ and inserting 
‘‘$15,000’’, and 
(B) by striking ‘‘$50,000’’ and inserting 
‘‘$150,000’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
195(b) of such Code is amended by striking para-
graph (3). 
(b) 
ORGANIZATIONAL
EXPENDITURES.—Section 
248(a)(1)(B) of such Code is amended— 
(1) 
by 
striking 
‘‘$5,000’’ 
and 
inserting 
‘‘$10,000’’, and 
(2) by striking ‘‘$50,000’’ and inserting 
‘‘$60,000’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to amounts paid or incurred with 
respect to— 
(1) in the case of the amendments made by 
subsection (a), trades or businesses beginning in tax-
able years beginning after December 31, 2016, and 
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323 
(2) in the case of the amendments made by 
subsection (b), corporations the business of which 
begins in taxable years beginning after such date. 
SEC. 5006. VETERAN SMALL BUSINESS START-UP CREDIT. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
section: 
‘‘SEC. 45V. VETERAN SMALL BUSINESS START-UP CREDIT. 
‘‘(a) IN GENERAL.—For purposes of section 38, in 
the case of an applicable veteran-owned business which 
elects the application of this section, the veteran small 
business start-up credit determined under this section for 
any taxable year is an amount equal to 15 percent of so 
much of the qualified start-up expenditures of the tax-
payer as does not exceed $80,000. 
‘‘(b) APPLICABLE VETERAN-OWNED SMALL BUSI-
NESS.—For purposes of this section— 
‘‘(1) IN GENERAL.—The term ‘applicable vet-
eran-owned small business’ means a small business 
owned and controlled by one or more veterans or 
spouses of veterans and the principal place of busi-
ness of which is in an underserved community. 
‘‘(2) OWNERSHIP
AND
CONTROL.—The term 
‘owned and controlled’ means— 
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324 
‘‘(A) management and operation of the 
daily business, and— 
‘‘(B)(i) in the case of a sole proprietorship, 
sole ownership, 
‘‘(ii) in the case of a corporation, owner-
ship (by vote or value) of not less than 51 per-
cent of the stock in such corporation, or 
‘‘(iii) in the case of a partnership or joint 
venture, ownership of not less than 51 percent 
of the profits interests or capital interests in 
such partnership or joint venture. 
‘‘(3) SMALL BUSINESS.—The term ‘small busi-
ness’ means, with respect to any taxable year, any 
person engaged in a trade or business in the United 
States if— 
‘‘(A) the gross receipts of such person for 
the preceding taxable year did not exceed 
$5,000,000, or 
‘‘(B) in the case of a person to which sub-
paragraph (A) does not apply, such person em-
ployed not more than 100 full-time employees 
during the preceding taxable year. 
For purposes of subparagraph (B), an employee 
shall be considered full-time if such employee is em-
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325 
ployed at least 30 hours per week for 20 or more 
calendar weeks in the taxable year. 
‘‘(4) UNDERSERVED
COMMUNITY.—The term 
‘underserved community’ means any area located 
within— 
‘‘(A) a HUBZone (as defined in section 
3(p) of the Small Business Act (15 U.S.C. 
632(p))), 
‘‘(B) an empowerment zone, or enterprise 
community, designated under section 1391 (and 
without regard to whether or not such designa-
tion remains in effect), 
‘‘(C) an area of low income or moderate in-
come (as recognized by the Federal Financial 
Institutions Examination Council), or 
‘‘(D) a county with persistent poverty (as 
classified by the Economic Research Service of 
the Department of Agriculture). 
‘‘(5) VETERAN OR SPOUSE OF VETERAN.—The 
term ‘veteran or spouse of a veteran’ has the mean-
ing given such term by section 7(a)(31)(G)(iii) of 
the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(31)(G)(iii)). 
‘‘(c) QUALIFIED START-UP EXPENDITURES.—For 
purposes of this section— 
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326 
‘‘(1) IN GENERAL.—The term ‘qualified start- 
up expenditures’ means— 
‘‘(A) any start-up expenditures (as defined 
in section 195(c)), or 
‘‘(B) any amounts paid or incurred during 
the taxable year for the purchase or lease of 
real property, or the purchase of personal prop-
erty, placed in service during the taxable year 
and used in the active conduct of a trade or 
business. 
‘‘(d) SPECIAL RULES.—For purposes of this sec-
tion— 
‘‘(1) YEAR OF ELECTION.—The taxpayer may 
elect the application of this section only for the first 
2 taxable years for which ordinary and necessary ex-
penses paid or incurred in carrying on such trade or 
business are allowable as a deduction by the tax-
payer under section 162. 
‘‘(2) CONTROLLED GROUPS AND COMMON CON-
TROL.—All persons treated as a single employer 
under subsections (a) and (b) of section 52 shall be 
treated as 1 person. 
‘‘(3) NO DOUBLE BENEFIT.—If a credit is de-
termined under this section with respect to any 
property, the basis of such property shall be reduced 
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327 
by the amount of the credit attributable to such 
property.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for subpart D of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45V. Veteran small business start-up credit.’’. 
(c) MADE PART OF GENERAL BUSINESS CREDIT.— 
Section 38(b) of such Code is amended by striking ‘‘plus’’ 
at the end of paragraph (38), by striking the period at 
the end of paragraph (39) and inserting ‘‘, plus’’, and by 
adding at the end the following new paragraph: 
‘‘(40) the veteran small business start-up credit 
determined under section 45V.’’. 
(d) REPORT
BY TREASURY INSPECTOR GENERAL 
FOR TAX ADMINISTRATION.—Every fourth year after the 
date of the enactment of this Act, the Treasury Inspector 
General for Tax Administration shall include in one of the 
semiannual reports under section 5 of the Inspector Gen-
eral Act of 1978 with respect to such year, an evaluation 
of the program under section 45V of the Internal Revenue 
Code of 1986 (as added by this section), including an eval-
uation of the success of, and accountability with respect 
to, such program. 
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328 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
SEC. 5007. INSPECTOR GENERAL REPORT ON PARTICIPA-
TION IN FAA PROGRAMS BY DISADVANTAGED 
SMALL BUSINESS CONCERNS. 
Section 140 of the FAA Modernization and Reform 
Act of 2012 is amended— 
(1) in subsection (c)— 
(A) in paragraph (1) by striking ‘‘each of 
fiscal years 2013 through 2018’’ and inserting 
‘‘fiscal year 2018 and periodically thereafter’’; 
and 
(B) in paragraph (3)(A) by striking ‘‘a 
list’’ and inserting ‘‘with respect to the large 
and medium hub airports in the United States 
that participate in the airport disadvantaged 
business enterprise program referenced in sub-
section (a), a list’’; and 
(2) by adding at the end the following: 
‘‘(d) ASSESSMENT
OF EFFORTS.—The Inspector 
General shall assess the efforts of the Federal Aviation 
Administration with respect to implementing rec-
ommendations suggested in reports submitted under sub-
section (c) and shall include in each semiannual report of 
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329 
the Inspector General that is submitted to Congress a de-
scription of the results of such assessment.’’. 
SEC. 5008. MINORITY AND DISADVANTAGED BUSINESS PAR-
TICIPATION. 
Section 47113 of title 49, United States Code, is 
amended— 
(1) in subsection (c)— 
(A) by striking ‘‘The Secretary shall’’ and 
inserting the following: 
‘‘(1) IN GENERAL.—The Secretary shall’’; and 
(B) by adding at the end the following: 
‘‘(2) CONSISTENCY
OF
INFORMATION.—The 
Secretary shall develop and maintain a training pro-
gram— 
‘‘(A) for employees of the Federal Aviation 
Administration who provide guidance and train-
ing to entities that certify whether a small busi-
ness concern qualifies under this section (and 
for employees of the other modal administra-
tions of the Department of Transportation who 
provide similar services); and 
‘‘(B) that ensures Federal officials provide 
consistent communications with respect to cer-
tification requirements. 
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‘‘(3) LISTS OF CERTIFYING AUTHORITIES.—The 
Secretary shall ensure that each State maintains an 
accurate list of the certifying authorities in such 
State for purposes of this section and that the list 
is— 
‘‘(A) updated at least twice each year; and 
‘‘(B) made available to the public.’’; 
(2) in subsection (e) by adding at the end the 
following: 
‘‘(4) REPORTING.—The Secretary shall deter-
mine, for each fiscal year, the number of individuals 
who received training under this subsection and shall 
make such number available to the public on an ap-
propriate website operated by the Secretary. If the 
Secretary determines, with respect to a fiscal year, 
that fewer individuals received training under this 
subsection than in the previous fiscal year, the Sec-
retary shall submit to Congress, and make available 
to the public on an appropriate website operated by 
the Secretary, a report describing the reasons for 
the decrease. 
‘‘(5) ASSESSMENT.—Not later than 2 years 
after the date of enactment of this paragraph, and 
every 2 years thereafter, the Secretary shall assess 
the training program, including by soliciting feed-
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back from stakeholders, and update the training pro-
gram as appropriate.’’; and 
(3) by adding at the end the following: 
‘‘(f) TREND ASSESSMENT.— 
‘‘(1) IN
GENERAL.—Not later than 2 years 
after the date of enactment of this subsection, and 
at least every 2 years thereafter, the Secretary shall 
study, using information reported by airports, trends 
in the participation of small business concerns re-
ferred to in subsection (b). 
‘‘(2) CONTENTS.—The study under paragraph 
(1) shall include— 
‘‘(A) an analysis of whether the participa-
tion of small business concerns referred to in 
subsection (b) at reporting airports increased or 
decreased during the period studied, including 
for such concerns that were first time partici-
pants; 
‘‘(B) an analysis of the factors relating to 
any significant increases or decreases in partici-
pation compared to prior years; and 
‘‘(C) development of a plan to respond to 
the results of the study, including development 
of recommendations for sharing best practices 
for maintaining or boosting participation. 
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‘‘(3) REPORTING.—For each study completed 
under paragraph (1), the Secretary shall submit to 
Congress, and make available to the program con-
tact at each airport that participates in the airport 
disadvantaged business enterprise program, a report 
describing the results of the study.’’. 
SEC. 5009. PASSENGER FACILITY CHARGES. 
Section 40117(c) of title 49, United States Code, is 
amended by adding at the end the following: 
‘‘(5) With respect to an application under this sub-
section that relates to an airport that participates in the 
airport disadvantaged business enterprise program ref-
erenced in section 140(a) of the FAA Modernization and 
Reform Act of 2012 (49 U.S.C. 47113 note), the applica-
tion shall include a detailed description of good faith ef-
forts at the airport to contract with disadvantaged busi-
ness enterprises in relation to any project that is a subject 
of the application and to ensure that all small businesses, 
including those owned by veterans, fairly compete for work 
funded with passenger facility charges.’’. 
SEC. 5010. ANNUAL TRACKING OF CERTAIN NEW FIRMS AT 
AIRPORTS WITH A DISADVANTAGED BUSI-
NESS ENTERPRISE PROGRAM. 
(a) TRACKING REQUIRED.—Beginning in fiscal year 
2018, and each fiscal year thereafter, the Administrator 
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of the Federal Aviation Administration shall require each 
covered airport to report to the Administrator on the num-
ber of new disadvantaged business enterprises that were 
awarded a contract or concession during the previous fis-
cal year at the airport. 
(b) TRAINING.—The Administrator shall provide 
training to airports, on an ongoing basis, with respect to 
compliance with subsection (a). 
(c) REPORTING.—During the first fiscal year begin-
ning after the date of enactment of this Act and every 
fiscal year thereafter, the Administrator shall update 
dbE–Connect (or any successor online reporting system) 
to include information on the number of new disadvan-
taged business enterprises that were awarded a contract 
or concession during the previous fiscal year at a covered 
airport. 
(d) COVERED AIRPORT DEFINED.—In this section, 
the term ‘‘covered airport’’ means a large or medium hub 
airport that participates in the airport disadvantaged busi-
ness enterprise program referenced in section 140(a) of 
the FAA Modernization and Reform Act of 2012 (49 
U.S.C. 47113 note). 
SEC. 5011. AUDITS. 
The inspector general of the Department of Trans-
portation shall conduct periodic audits regarding the accu-
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racy of the data on disadvantaged business enterprises 
contained in the Federal Aviation Administration’s report-
ing database related to such enterprises or any similar or 
successor online reporting database developed by the Ad-
ministration. 
SEC. 5012. PROMPT PAYMENTS. 
(a) REPORTING OF COMPLAINTS.—Not later than 30 
days after the date of enactment of this Act, the Adminis-
trator of the Federal Aviation Administration shall ensure 
that each airport that participates in the Program tracks, 
and reports to the Administrator, the number of covered 
complaints made in relation to activities at that airport. 
(b) IMPROVING COMPLIANCE.— 
(1) IN
GENERAL.—The Administrator shall 
take actions to assess and improve compliance with 
prompt payment requirements under part 26 of title 
49, Code of Federal Regulations. 
(2) CONTENTS OF ASSESSMENT.—In carrying 
out paragraph (1), the Administrator shall assess— 
(A) whether requirements relating to the 
inclusion of prompt payment language in con-
tracts are being satisfied; 
(B) whether and how airports are enforc-
ing prompt payment requirements; 
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(C) the processes by which covered com-
plaints are received and resolved by airports; 
(D) whether improvements need to be 
made to— 
(i) better track covered complaints re-
ceived by airports; and 
(ii) assist the resolution of covered 
complaints in a timely manner; 
(E) the effectiveness of alternative dispute 
resolution mechanisms with respect to resolving 
covered complaints; 
(F) best practices that ensure prompt pay-
ment requirements are satisfied; 
(G) the Federal Aviation Administration 
resources, including staff, that are dedicated to 
helping resolve covered complaints; and 
(H) how the Federal Aviation Administra-
tion can enhance efforts to resolve covered com-
plaints, including by using timelines and pro-
viding additional staffing and other resources. 
(3) 
REPORTING.—The 
Administrator 
shall 
make available to the public on an appropriate 
website operated by the Administrator a report de-
scribing the results of the assessment completed 
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under this subsection, including a plan to respond to 
such results. 
(c) DEFINITIONS.—In this section, the following defi-
nitions apply: 
(1) COVERED COMPLAINT.—The term ‘‘covered 
complaint’’ means a complaint relating to an alleged 
failure to satisfy a prompt payment requirement 
under part 26 of title 49, Code of Federal Regula-
tions. 
(2) PROGRAM.—The term ‘‘Program’’ means 
the airport disadvantaged business enterprise pro-
gram referenced in section 140(a) of the FAA Mod-
ernization and Reform Act of 2012 (49 U.S.C. 
47113 note). 
SEC. 5013. EXPANSION OF CREDIT FOR EXPENDITURES TO 
PROVIDE ACCESS TO DISABLED INDIVID-
UALS. 
(a) INCREASE IN DOLLAR LIMITATION.— 
(1) IN GENERAL.—Section 44(a) of the Internal 
Revenue Code of 1986 is amended by striking 
‘‘$10,250’’ and inserting ‘‘$20,500’’. 
(2) INFLATION
ADJUSTMENT.—Section 44 of 
such Code is amended by redesignating subsection 
(e) as subsection (f) and by inserting after sub-
section (d) the following new subsection: 
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‘‘(e) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of any taxable 
year beginning after 2018, the $20,500 amount in 
subsection (a) shall be increased by an amount equal 
to— 
‘‘(A) such dollar amount, multiplied by 
‘‘(B) the cost of living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins deter-
mined by substituting ‘calendar year 2017’ for 
‘calendar year 2016’ in subparagraph (A)(ii) 
thereof. 
‘‘(2) 
ROUNDING.—Any 
amount 
determined 
under paragraph (1) which is not a multiple of $50 
shall be rounded to the next lowest multiple of 
$50.’’. 
(b) INCREASE IN GROSS RECEIPTS LIMITATION.— 
Section 44(b)(1)(A) of such Code is amended by striking 
‘‘$1,000,000’’ and inserting ‘‘$2,500,000’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2017. 
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SEC. 5014. REPORTING REQUIREMENTS FOR CERTAIN 
SMALL BUSINESS CONCERNS. 
Section 15(h)(2)(E) of the Small Business Act (15 
U.S.C. 644(h)(2)(E)) is amended— 
(1) in clause (i)— 
(A) in subclause (III), by striking ‘‘and’’ at 
the end; and 
(B) by adding at the end the following new 
subclauses: 
‘‘(V) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns for pur-
poses of the initial contract; and 
‘‘(VI) that were awarded using a 
procurement method that restricted 
competition to small business concerns 
owned and controlled by service-dis-
abled veterans, qualified HUBZone 
small business concerns, small busi-
ness concerns owned and controlled by 
socially and economically disadvan-
taged individuals, small business con-
cerns owned and controlled by women, 
or a subset of any such concerns;’’; 
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(2) in clause (ii)— 
(A) in subclause (IV), by striking ‘‘and’’ at 
the end; and 
(B) by adding at the end the following new 
subclauses: 
‘‘(VI) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns owned 
and controlled by service-disabled vet-
erans for purposes of the initial con-
tract; and 
‘‘(VII) that were awarded using a 
procurement method that restricted 
competition to qualified HUBZone 
small business concerns, small busi-
ness concerns owned and controlled by 
socially and economically disadvan-
taged individuals, small business con-
cerns owned and controlled by women, 
or a subset of any such concerns;’’; 
(3) in clause (iii)— 
(A) in subclause (V), by striking ‘‘and’’ at 
the end; and 
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(B) by adding at the end the following new 
subclauses: 
‘‘(VII) that were purchased by 
another entity after the initial con-
tract was awarded and as a result of 
the purchase, would no longer be 
deemed to be qualified HUBZone 
small business concerns for purposes 
of the initial contract; and 
‘‘(VIII) that were awarded using 
a procurement method that restricted 
competition to small business concerns 
owned and controlled by service-dis-
abled veterans, small business con-
cerns owned and controlled by socially 
and economically disadvantaged indi-
viduals, 
small 
business 
concerns 
owned and controlled by women, or a 
subset of any such concerns;’’; 
(4) in clause (iv)— 
(A) in subclause (V), by striking ‘‘and’’ at 
the end; and 
(B) by adding at the end the following new 
subclauses: 
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‘‘(VII) that were purchased by 
another entity after the initial con-
tract was awarded and as a result of 
the purchase, would no longer be 
deemed to be small business concerns 
owned and controlled by socially and 
economically disadvantaged individ-
uals for purposes of the initial con-
tract; and 
‘‘(VIII) that were awarded using 
a procurement method that restricted 
competition to small business concerns 
owned and controlled by service-dis-
abled veterans, qualified HUBZone 
small business concerns, small busi-
ness concerns owned and controlled by 
women, or a subset of any such con-
cerns;’’; 
(5) in clause (v)— 
(A) in subclause (IV), by striking ‘‘and’’ at 
the end; 
(B) in subclause (V), by inserting ‘‘and’’ at 
the end; and 
(C) by adding at the end the following new 
subclause: 
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‘‘(VI) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns owned 
by an Indian tribe other than an Alas-
ka Native Corporation for purposes of 
the initial contract;’’; 
(6) in clause (vi)— 
(A) in subclause (IV), by striking ‘‘and’’ at 
the end; 
(B) in subclause (V), by inserting ‘‘and’’ at 
the end; and 
(C) by adding at the end the following new 
subclause: 
‘‘(VI) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns owned 
by a Native Hawaiian Organization 
for purposes of the initial contract;’’; 
(7) in clause (vii)— 
(A) in subclause (IV), by striking ‘‘and’’ at 
the end; 
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(B) in subclause (V), by striking ‘‘and’’ at 
the end; and 
(C) by adding at the end the following new 
subclause: 
‘‘(VI) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns owned 
by an Alaska Native Corporation for 
purposes of the initial contract; and’’; 
and 
(8) in clause (viii)— 
(A) in subclause (VII), by striking ‘‘and’’ 
at the end; 
(B) in subclause (VIII), by striking ‘‘and’’ 
at the end; and 
(C) by adding at the end the following new 
subclauses: 
‘‘(IX) that were purchased by an-
other entity after the initial contract 
was awarded and as a result of the 
purchase, would no longer be deemed 
to be small business concerns owned 
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and controlled by women for purposes 
of the initial contract; and 
‘‘(X) that were awarded using a 
procurement method that restricted 
competition to small business concerns 
owned and controlled by service-dis-
abled veterans, qualified HUBZone 
small business concerns, small busi-
ness concerns owned and controlled by 
socially and economically disadvan-
taged individuals, or a subset of any 
such concerns; and’’. 
TITLE VI—ECONOMIC 
DEVELOPMENT 
SEC. 6001. ECONOMIC GROWTH, RETENTION, AND RECRUIT-
MENT OF COMMERCIAL INVESTMENT IN ECO-
NOMICALLY UNDERSERVED COMMUNITIES. 
The Small Business Investment Act of 1958 (15 
U.S.C. 661 et seq.) is amended by adding at the end the 
following new title: 
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‘‘TITLE 
VIII—ECONOMIC 
GROWTH, 
RETENTION, 
AND 
RECRUITMENT OF COMMER-
CIAL INVESTMENT IN ECO-
NOMICALLY 
UNDERSERVED 
COMMUNITIES 
‘‘SEC. 811. PURPOSE. 
‘‘The purpose of this title is to assist with the eco-
nomic growth of economically underserved communities 
that have potential for strong Class 1 commercial invest-
ment, but that continue to have a difficult time recruiting 
Class 1 commercial investment. 
‘‘SEC. 812. GRANT PROGRAM. 
‘‘(a) AUTHORIZATION.—From amounts appropriated 
under section 814, the Administrator shall make grants 
on a competitive basis to an eligible community for— 
‘‘(1) the creation of a grant program or revolv-
ing loan fund program (or both) that helps develop 
financing packages for Class 1 commercial invest-
ment in the community; 
‘‘(2) lowering real estate property tax rates in 
the community; 
‘‘(3) conducting community-wide market anal-
ysis to help recruit and retain Class 1 commercial 
investment; 
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‘‘(4) creating employment training programs for 
Class 1 business customer service, sales, and mana-
gerial positions in the community; 
‘‘(5) retail marketing strategies to solicit new 
Class 1 commercial investment starts in the commu-
nity; 
‘‘(6) program allowances for activities to pro-
mote Class 1 commercial investment in the commu-
nity, such as the publication of marketing materials, 
development of economic development web pages, 
and educational outreach activities with retail trade 
associations; and 
‘‘(7) hiring business recruitment specialists to 
operate in the community. 
‘‘(b) ELIGIBILITY.—The Administrator may only 
make a grant under subsection (a) to a community whose 
demographics include— 
‘‘(1) a median per capita income no higher than 
$35,000; and 
‘‘(2) an identified lack of Class 1 commercial 
investment. 
‘‘(c) APPLICATION.—A community seeking a grant 
under subsection (a) shall submit an application at such 
time, in such form, and containing such information and 
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assurances as the Administrator may require, except that 
the application shall include— 
‘‘(1) a description of how the community, 
through the activities the community proposes to 
carry out with the grant funds will recruit, retain 
and grow its economy through Class 1 commercial 
investment; and 
‘‘(2) a description of the difficulty the commu-
nity has faced recruiting, retaining and growing its 
economy through Class 1 commercial investment. 
‘‘(d) MATCHING FUNDS.— 
‘‘(1) IN GENERAL.—The Administrator may not 
make a grant to a community under subsection (a) 
unless the community agrees that, with respect to 
the costs to be incurred by the community in car-
rying out the activities for which the grant is award-
ed, the community will make available non-Federal 
contributions in an amount equal to not less than 10 
percent of the Federal funds provided under the 
grant. 
‘‘(2) SATISFYING MATCHING REQUIREMENTS.— 
The non-Federal contributions required under para-
graph (1) may be— 
‘‘(A) in cash or in-kind, including services, 
fairly evaluated; and 
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‘‘(B) from— 
‘‘(i) any private source; 
‘‘(ii) State or local governmental enti-
ty; or 
‘‘(iii) nonprofit source. 
‘‘(3) WAIVER.—The Administrator may waive 
or reduce the non-Federal contribution required by 
paragraph (1) if the community involved dem-
onstrates that the community cannot meet the con-
tribution requirement due to financial hardship. 
‘‘(e) LIMITATIONS.—Amounts appropriated pursuant 
to the authorization of appropriations in section 814 for 
a fiscal year shall be allocated as follows: 
‘‘(1) No more than 5 percent of such funds 
shall go to administrative costs; 
‘‘(2) 70 percent of such funds shall go toward 
activities described in paragraphs (1) through (4) of 
subsection (a), after taking into account administra-
tive costs under subparagraph (A); and 
‘‘(3) 30 percent of such funds shall go toward 
activities described in paragraphs (5) through (7) of 
subsection (a), after taking into account administra-
tive costs under subparagraph (A). 
‘‘SEC. 813. DEFINITIONS. 
‘‘In this title: 
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‘‘(1) 
COMMUNITY.—The 
term 
‘community’ 
means a governance structure that includes county, 
parish, city, village, township, district or borough. 
‘‘(2) CLASS 1 COMMERCIAL INVESTMENT.—The 
term ‘Class 1 commercial investment’ means retail 
grocery chains, food service retailers, restaurants 
and franchises, retail stores, cafes, shopping malls, 
and other shops. 
‘‘(3) ECONOMICALLY
UNDERSERVED
COMMU-
NITY.—The term ‘economically underserved commu-
nity’ means an area suffering from low income and 
resultant low purchasing power, limiting its ability 
to generate sufficient goods and services to be used 
in exchange with other areas to meet current con-
sumption needs. 
‘‘SEC. 814. AUTHORIZATION OF APPROPRIATIONS. 
‘‘There is authorized to be appropriated to the Ad-
ministrator to make grants under section 812(a) 
$40,000,000 for each of fiscal years 2019 through 2025.’’. 
SEC. 6002. MINORITY BANK DEPOSIT PROGRAM. 
(a) FINDINGS.—Congress finds the following: 
(1) On March 5, 1969, pursuant to Executive 
Order 11458, the Minority Bank Deposit Program 
was established as a national program supporting 
minority-owned business enterprise. It was expanded 
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in 1971 under Executive Order 11625 and in 1979 
under Executive Order 12138. The Competitive 
Equality Banking Act of 1987 (Public Law 100–86) 
and the Financial Institutions Reform, Recovery and 
Enforcement Act of 1989 (Public Law 101–73) in-
clude provisions supporting the intent of the Minor-
ity Bank Deposit Program. 
(2) Under the leadership of President Jimmy 
Carter, on April 8, 1977, a memorandum for all 
heads of Federal agencies and departments was 
signed. This document promoted the use of minor-
ity-owned business enterprises by placing deposits in 
minority banks. The agency assigned to head this 
program was the Department of the Treasury. 
(3) The Fiscal Assistant Secretary of the De-
partment of the Treasury is responsible for certi-
fying financial institutions that are eligible for par-
ticipation in the Minority Bank Deposit Program. 
(4) Although the program continues today, the 
overwhelming majority of financial institutions cer-
tified under the Minority Bank Deposit Program do 
not have existing relationships with the Federal 
agencies which suggests the need for reforms to in-
crease utilization of eligible institutions. 
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(b) EXPANSION
OF USE
OF MINORITY BANKS, 
WOMEN’S BANKS, AND LOW-INCOME CREDIT UNIONS.— 
(1) IN GENERAL.—Section 1204 of the Finan-
cial Institutions Reform, Recovery, and Enforcement 
Act of 1989 (12 U.S.C. 1811 note) is amended to 
read as follows: 
‘‘SEC. 1204. EXPANSION OF USE OF MINORITY BANKS, WOM-
EN’S 
BANKS, 
AND 
LOW-INCOME 
CREDIT 
UNIONS. 
‘‘(a) MINORITY BANK DEPOSIT PROGRAM.— 
‘‘(1) ESTABLISHMENT.—There is established a 
program to be known as the ‘Minority Bank Deposit 
Program’ to expand the use of minority banks, wom-
en’s banks, and low-income credit unions. 
‘‘(2) ADMINISTRATION.—The Secretary of the 
Treasury, acting through the Fiscal Service, shall— 
‘‘(A) on application by a depository institu-
tion or credit union, certify whether such depos-
itory institution or credit union is a minority 
bank, women’s bank, or low-income credit 
union; 
‘‘(B) maintain and publish a list of all de-
pository institutions and credit unions that have 
been certified pursuant to subparagraph (A); 
and 
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‘‘(C) periodically distribute the list de-
scribed in subparagraph (B) to— 
‘‘(i) all Federal departments and 
agencies; 
‘‘(ii) interested State and local govern-
ments; and 
‘‘(iii) interested private sector compa-
nies. 
‘‘(3) INCLUSION
OF
CERTAIN
ENTITIES
ON 
LIST.—A depository institution or credit union that, 
on the date of the enactment of this section, has a 
current certification from the Secretary of the 
Treasury stating that such depository institution or 
credit union is a minority bank, women’s bank, or 
low-income credit union shall be included on the list 
described under paragraph (2)(B). 
‘‘(b) EXPANDED USE AMONG FEDERAL DEPART-
MENTS AND AGENCIES.— 
‘‘(1) IN GENERAL.—Not later than 1 year after 
the establishment of the program described in sub-
section (a), the head of each Federal department or 
agency shall develop and implement standards and 
procedures to ensure, to the maximum extent pos-
sible as permitted by law, the use of minority banks, 
women’s banks, and low-income credit unions to 
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353 
serve the financial needs of each such department or 
agency. 
‘‘(2) REPORT TO CONGRESS.—Not later than 2 
years after the establishment of the program de-
scribed in subsection (a), and annually thereafter, 
the head of each Federal department or agency shall 
submit to Congress a report on the actions taken to 
increase the use of minority banks, women’s banks, 
and low-income credit unions to serve the financial 
needs of each such department or agency. 
‘‘(c) DEFINITIONS.—For purposes of this section: 
‘‘(1) CREDIT UNION.—The term ‘credit union’ 
has the meaning given the term ‘insured credit 
union’ in section 101 of the Federal Credit Union 
Act (12 U.S.C. 1752). 
‘‘(2) DEPOSITORY INSTITUTION.—The term ‘de-
pository institution’ has the meaning given the term 
‘insured depository institution’ in section 3 of the 
Federal Deposit Insurance Act (12 U.S.C. 1813). 
‘‘(3) LOW-INCOME CREDIT UNION.—The term 
‘low-income credit union’ means any entity described 
in section 19(b)(1)(A)(iv) of the Federal Reserve 
Act. 
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354 
‘‘(4) MINORITY.—The term ‘minority’ means 
any Black American, Native American, Hispanic 
American, or Asian American. 
‘‘(5) MINORITY
BANK.—The term ‘minority 
bank’ means any bank described in clause (i), (ii), 
or (iii) of section 19(b)(1)(A) of the Federal Reserve 
Act— 
‘‘(A) more than 50 percent of the out-
standing shares of which are held by 1 or more 
minority individuals; 
‘‘(B) the majority of the directors on the 
board of directors of which are minority individ-
uals; and 
‘‘(C) a significant percentage of senior 
management positions of which are held by mi-
nority individuals. 
‘‘(6) WOMEN’S
BANK.—The term ‘women’s 
bank’ means any bank described in clause (i), (ii), 
or (iii) of section 19(b)(1)(A) of the Federal Reserve 
Act— 
‘‘(A) more than 50 percent of the out-
standing shares of which are held by 1 or more 
women; 
‘‘(B) the majority of the directors on the 
board of directors of which are women; and 
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355 
‘‘(C) a significant percentage of senior 
management positions of which are held by 
women.’’. 
(2) 
CONFORMING
AMENDMENTS.—The 
fol-
lowing 
provisions 
are 
amended 
by 
striking 
‘‘1204(c)(3)’’ and inserting ‘‘1204(c)’’: 
(A) Section 808(b)(3) of the Community 
Reinvestment 
Act 
of 
1977 
(12 
U.S.C. 
2907(b)(3)). 
(B) Section 40(g)(1)(B) of the Federal De-
posit 
Insurance 
Act 
(12 
U.S.C. 
1831q(g)(1)(B)). 
(C) Section 704B(h)(4) of the Equal Cred-
it Opportunity Act (15 U.S.C. 1691c–2(h)(4)). 
(c) AMENDMENTS TO THE COMMUNITY REINVEST-
MENT ACT.—Section 804(b) of the Community Reinvest-
ment Act of 1977 (12 U.S.C. 2903(b)) is amended to read 
as follows: 
‘‘(b) 
COOPERATION
WITH
MINORITY
BANKS, 
WOMEN’S BANKS, AND LOW-INCOME CREDIT UNIONS 
CONSIDERED.— 
‘‘(1) IN
GENERAL.—In assessing and taking 
into account, under subsection (a), the record of a 
financial institution, the appropriate Federal finan-
cial supervisory agency shall consider as a factor 
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356 
capital investment, loan participation, and other ven-
tures undertaken by the institution in cooperation 
with minority banks, women’s banks, community de-
velopment financial institutions, and low-income 
credit unions provided that these activities help meet 
the credit needs of local communities in which such 
institutions and credit unions are chartered. 
‘‘(2) DEFINITIONS.— 
‘‘(A) FIRREA DEFINITIONS.—The terms 
‘low-income credit union’, ‘minority bank’, and 
‘women’s bank’ have the meanings given such 
terms, respectively, in section 1204(c) of the Fi-
nancial Institutions Reform, Recovery, and En-
forcement Act of 1989 (12 U.S.C. 1811 note). 
‘‘(B) COMMUNITY
DEVELOPMENT
FINAN-
CIAL INSTITUTION.—The term ‘community de-
velopment financial institution’ has the meaning 
given in section 103(5) of the Riegle Commu-
nity Development and Regulatory Improvement 
Act of 1994 (12 U.S.C. 4702(5)).’’. 
(d) CONSIDERATIONS WHEN ASSESSING FINANCIAL 
INCLUSION FOR FEDERALLY CHARTERED FINANCIAL IN-
STITUTIONS.— 
(1) IN GENERAL.—In assessing and taking into 
account the record of a federally chartered financial 
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357 
institution under any financial inclusion assessment 
process created by the Comptroller of the Currency 
in any rule relating to the chartering of a financial 
institution, the Comptroller shall consider as a fac-
tor capital investment, loan participation, and other 
ventures undertaken by the bank in cooperation with 
minority banks, women’s banks, community develop-
ment financial institutions, and low-income credit 
unions, provided that these activities help meet the 
financial needs of local communities in which the 
federally chartered financial institution provides fi-
nancial products or services. 
(2) DEFINITIONS.—For purposes of this sec-
tion: 
(A) COMMUNITY
DEVELOPMENT
FINAN-
CIAL INSTITUTION.—The term ‘‘community de-
velopment financial institution’’ has the mean-
ing given in section 103(5) of the Riegle Com-
munity Development and Regulatory Improve-
ment Act of 1994 (12 U.S.C. 4702(5)). 
(B) FINANCIAL
INCLUSION
ASSESSMENT 
PROCESS.—The term ‘‘financial inclusion as-
sessment process’’ means any process relating 
to the chartering of a financial institution 
whereby the Comptroller of the Currency as-
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358 
sesses and takes into account the financial in-
stitution’s record of meeting the financial needs 
of the bank’s entire community, including low- 
and moderate-income neighborhoods, consistent 
with the safe and sound operation of such bank. 
(C) FINANCIAL PRODUCT OR SERVICE.— 
The term ‘‘financial product or service’’ has the 
meaning given such term in section 1002 of the 
Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5481). 
(D) FIRREA DEFINITIONS.—The terms 
‘‘low-income credit union’’, ‘‘minority bank’’, 
and ‘‘women’s bank’’ have the meanings given 
such terms, respectively, in section 1204(c) of 
the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989 (12 U.S.C. 1811 
note). 
SEC. 6003. REPORTING CERTAIN POSITIVE CONSUMER 
CREDIT INFORMATION TO CONSUMER RE-
PORTING AGENCIES. 
(a) IN GENERAL.—Section 623 of the Fair Credit 
Reporting Act (15 U.S.C. 1681s–2) is amended by adding 
at the end the following new subsection: 
‘‘(f) FULL-FILE CREDIT REPORTING.— 
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359 
‘‘(1) IN GENERAL.—Subject to the limitation in 
paragraph (2) and notwithstanding any other provi-
sion of law, a person or the Secretary of Housing 
and Urban Development may furnish to a consumer 
reporting agency information relating to the per-
formance of a consumer in making payments— 
‘‘(A) under a lease agreement with respect 
to a dwelling, including such a lease in which 
the Department of Housing and Urban Devel-
opment provides subsidized payments for occu-
pancy in a dwelling; or 
‘‘(B) pursuant to a contract for a utility or 
telecommunications service. 
‘‘(2) LIMITATION.—Information about a con-
sumer’s usage of any utility services provided by a 
utility or telecommunication firm may be furnished 
to a consumer reporting agency only to the extent 
that such information relates to payment by the con-
sumer for the services of such utility or tele-
communication service or other terms of the provi-
sion of the services to the consumer, including any 
deposit, discount, or conditions for interruption or 
termination of the services. 
‘‘(3) PAYMENT PLAN.—An energy utility firm 
may not report payment information to a consumer 
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360 
reporting agency with respect to an outstanding bal-
ance of a consumer as late if— 
‘‘(A) the energy utility firm and the con-
sumer have entered into a payment plan (in-
cluding a deferred payment agreement, an ar-
rearage management program, or a debt for-
giveness program) with respect to such out-
standing balance; and 
‘‘(B) the consumer is meeting the obliga-
tions of the payment plan, as determined by the 
energy utility firm. 
‘‘(4) DEFINITIONS.—In this subsection, the fol-
lowing definitions shall apply: 
‘‘(A) ENERGY UTILITY FIRM.—The term 
‘energy utility firm’ means an entity that pro-
vides gas or electric utility services to the pub-
lic. 
‘‘(B) UTILITY
OR
TELECOMMUNICATION 
FIRM.—The term ‘utility or telecommunication 
firm’ means an entity that provides utility serv-
ices to the public through pipe, wire, landline, 
wireless, cable, or other connected facilities, or 
radio, electronic, or similar transmission (in-
cluding the extension of such facilities).’’. 
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361 
(b) LIMITATION ON LIABILITY.—Section 623(c) of 
the Consumer Credit Protection Act (15 U.S.C. 1681s– 
2(c)) is amended— 
(1) in paragraph (2), by striking ‘‘or’’ at the 
end; 
(2) by redesignating paragraph (3) as para-
graph (4); and 
(3) by inserting after paragraph (2) the fol-
lowing new paragraph: 
‘‘(3) subsection (f) of this section, including any 
regulations issued thereunder; or’’. 
(c) GAO STUDY AND REPORT.—Not later than 2 
years after the date of the enactment of this Act, the 
Comptroller General of the United States shall submit to 
Congress a report on the impact of furnishing information 
pursuant to subsection (f) of section 623 of the Fair Cred-
it Reporting Act (15 U.S.C. 1681s–2) (as added by this 
Act) on consumers. 
SEC. 6004. GENDER AND RACIAL AND ETHNIC DIVERSITY IN 
APPOINTING 
FEDERAL 
RESERVE 
BANK 
PRESIDENTS. 
(a) FINDINGS.—The Congress finds that— 
(1) while significant progress has occurred due 
to the antidiscrimination amendments to the Federal 
Reserve Act, barriers continue to pose significant ob-
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362 
stacles for candidates reflective of gender diversity 
and racial or ethnic diversity for Federal Reserve 
bank president positions in the Federal Reserve Sys-
tem; 
(2) the continuing barriers described in para-
graph (1) merit the following amendment; 
(3) Congress has received and reviewed testi-
mony and documentation of the historical lack of 
gender, racial, and ethnic diversity from numerous 
sources, including congressional hearings, scientific 
reports, reports issued by public and private agen-
cies, news stories, and reports of related barriers by 
organizations and individuals, which show that race- 
, ethnicity-, and gender-neutral efforts alone are in-
sufficient to address the problem; 
(4) the testimony and documentation described 
in paragraph (3) demonstrate that barriers across 
the United States prove problematic for full and fair 
participation in developing monetary policy by indi-
viduals reflective of gender diversity and racial or 
ethnic diversity; and 
(5) the testimony and documentation described 
in paragraph (3) provide a strong basis that there 
is a compelling need for the below amendment to ad-
dress the historical lack of gender, racial, and ethnic 
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363 
diversity in the Federal Reserve regional bank presi-
dents selection process in the Federal Reserve Sys-
tem. 
(b) FEDERAL RESERVE BANK PRESIDENTS.—The 
provision designated ‘‘fifth’’ of the fourth undesignated 
paragraph of section 4 of the Federal Reserve Act (12 
U.S.C. 341) is amended by inserting after ‘‘employees.’’ 
the following: ‘‘In making the appointment of a president, 
the bank shall interview at least one individual reflective 
of gender diversity and one individual reflective of racial 
or ethnic diversity.’’. 
(c) TECHNICAL AMENDMENTS.— 
(1) AMERICAN COMPETITIVENESS AND WORK-
FORCE IMPROVEMENT ACT OF 1998.—Section 418(b) 
of the American Competitiveness and Workforce Im-
provement Act of 1998 (8 U.S.C. 1184 note) is 
amended by striking ‘‘Chairman of the Board of 
Governors’’ and inserting ‘‘Chair of the Board of 
Governors’’. 
(2) BRETTON WOODS AGREEMENTS ACT.—The 
Bretton Woods Agreements Act (22 U.S.C. 286 et 
seq.) is amended— 
(A) in section 4(a), by striking ‘‘Chairman 
of the Board of Governors’’ and inserting 
‘‘Chair of the Board of Governors’’; and 
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364 
(B) in section 45(a)(1), by striking ‘‘chair-
man of the board of Governors’’ and inserting 
‘‘Chair of the Board of Governors’’. 
(3) DODD-FRANK WALL STREET REFORM AND 
CONSUMER
PROTECTION
ACT.—The Dodd-Frank 
Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5301 et seq.) is amended by striking 
‘‘Chairman of the Board’’ each place such term ap-
pears and inserting ‘‘Chair of the Board’’. 
(4) EMERGENCY ECONOMIC STABILIZATION ACT 
OF
2008.—The Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5201 et seq.) is amended by 
striking ‘‘Chairman of the Board’’ each place such 
term appears and inserting ‘‘Chair of the Board’’. 
(5) EMERGENCY LOAN GUARANTEE ACT.—Sec-
tion 2 of the Emergency Loan Guarantee Act (15 
U.S.C. 1841) is amended by striking ‘‘Chairman of 
the Board of Governors’’ and inserting ‘‘Chair of the 
Board of Governors’’. 
(6) EMERGENCY STEEL LOAN GUARANTEE AND 
EMERGENCY OIL AND GAS ACT OF 1999.—The Emer-
gency Steel Loan Guarantee and Emergency Oil and 
Gas Act of 1999 (15 U.S.C. 1841 note) is amend-
ed— 
(A) in section 101(e)(2)— 
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365 
(i) by striking ‘‘Chairman of the 
Board of Governors’’ and inserting ‘‘Chair 
of the Board of Governors’’; and 
(ii) by striking ‘‘Chairman,’’ and in-
serting ‘‘Chair,’’; and 
(B) in section 201(d)(2)(B)— 
(i) by striking ‘‘Chairman of the 
Board of Governors’’ and inserting ‘‘Chair 
of the Board of Governors’’; and 
(ii) by striking ‘‘Chairman,’’ and in-
serting ‘‘Chair,’’. 
(7) FARM
CREDIT
ACT
OF
1971.—Section 
4.9(d)(1)(C) of the Farm Credit Act of 1971 (12 
U.S.C. 2160(d)(1)(C)) is amended by striking 
‘‘Chairman of the Board of Governors’’ and insert-
ing ‘‘Chair of the Board of Governors’’. 
(8) FEDERAL DEPOSIT INSURANCE ACT.—The 
Federal Deposit Insurance Act (12 U.S.C. 1811 et 
seq.) is amended by striking ‘‘Chairman of the 
Board of Governors’’ each place such term appears 
and inserting ‘‘Chair of the Board of Governors’’. 
(9) FEDERAL RESERVE ACT.—The Federal Re-
serve Act (12 U.S.C. 226 et seq.) is amended— 
(A) by striking ‘‘chairman’’ each place 
such term appears and inserting ‘‘chair’’; 
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366 
(B) by striking ‘‘Chairman’’ each place 
such term appears other than in section 
11(r)(2)(B) and inserting ‘‘Chair’’; 
(C) in section 2, in the sixth undesignated 
paragraph— 
(i) in the second sentence, by striking 
‘‘his’’ and inserting ‘‘the Comptroller of 
the Currency’s’’; and 
(ii) in the third sentence, by striking 
‘‘his’’ and inserting ‘‘the director’s’’; 
(D) in section 4— 
(i) in the third undesignated para-
graph, by striking ‘‘his office’’ and insert-
ing ‘‘the Office of the Comptroller of the 
Currency’’; 
(ii) in the fourth undesignated para-
graph, in the provision designated ‘‘fifth’’, 
by striking ‘‘his’’ and inserting ‘‘the per-
son’s’’; 
(iii) in the eighth undesignated para-
graph, by striking ‘‘his’’ and inserting ‘‘the 
chair’s’’; 
(iv) in the seventeenth undesignated 
paragraph— 
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367 
(I) by striking ‘‘his’’ and insert-
ing ‘‘the officer’s’’; and 
(II) by striking ‘‘he’’ and insert-
ing ‘‘the individual’’; 
(v) in the twentieth undesignated 
paragraph— 
(I) by striking ‘‘He’’ each place 
such term appears and inserting ‘‘The 
chair’’; 
(II) in the third sentence— 
(aa) by striking ‘‘his’’ and 
inserting ‘‘the’’; and 
(bb) by striking ‘‘he’’ and 
inserting a comma; and 
(III) in the fifth sentence, by 
striking ‘‘he’’ and inserting ‘‘the 
chair’’; and 
(vi) in the twenty-first undesignated 
paragraph, by striking ‘‘his’’ each place 
such term appears and inserting ‘‘the 
agent’s’’; 
(E) in section 6, in the second undesig-
nated paragraph, by striking ‘‘he’’ and inserting 
‘‘the Comptroller of the Currency’’; 
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368 
(F) in section 9A(c)(2)(C), by striking 
‘‘he’’ and inserting ‘‘the participant’’; 
(G) in section 10— 
(i) by striking ‘‘he’’ each place such 
term appears and inserting ‘‘the member’’; 
(ii) in the second undesignated para-
graph. by striking ‘‘his’’ and inserting ‘‘the 
member’s’’; and 
(iii) in the fourth undesignated para-
graph— 
(I) in the second sentence, by 
striking ‘‘his’’ and inserting ‘‘the 
chair’s’’; 
(II) in the fifth sentence, by 
striking ‘‘his’’ and inserting ‘‘the 
member’s’’; and 
(III) in the sixth sentence, by 
striking ‘‘his’’ and inserting ‘‘the 
member’s’’; 
(H) in section 12, by striking ‘‘his’’ and in-
serting ‘‘the member’s’’; 
(I) in section 13, in the eleventh undesig-
nated paragraph, by striking ‘‘his’’ and insert-
ing ‘‘the assured’s’’; 
(J) in section 16— 
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369 
(i) by striking ‘‘he’’ each place such 
term appears and inserting ‘‘the agent’’; 
(ii) in the seventh undesignated para-
graph— 
(I) by striking ‘‘his’’ and insert-
ing ‘‘the agent’s’’; and 
(II) by striking ‘‘himself’’ and in-
serting ‘‘the agent’’; 
(iii) in the tenth undesignated para-
graph, by striking ‘‘his’’ and inserting ‘‘the 
Secretary’s’’; and 
(iv) in the fifteenth undesignated 
paragraph, by striking ‘‘his’’ and inserting 
‘‘the agent’s’’; 
(K) in section 18, in the eighth undesig-
nated paragraph, by striking ‘‘he’’ and inserting 
‘‘the Secretary of the Treasury’’; 
(L) in section 22— 
(i) in subsection (f), by striking ‘‘his’’ 
and inserting ‘‘the director’s or officer’s’’; 
and 
(ii) in subsection (g)— 
(I) in paragraph (1)(D)— 
(aa) by striking ‘‘him’’ and 
inserting ‘‘the officer’’; and 
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370 
(bb) by striking ‘‘he’’ and 
inserting ‘‘the officer’’; and 
(II) in paragraph (2)(A), by 
striking ‘‘him as his’’ and inserting 
‘‘the officer as the officer’s’’; and 
(M) in section 25A— 
(i) in the twelfth undesignated para-
graph— 
(I) by striking ‘‘he’’ each place 
such term appears and inserting ‘‘the 
member’’; and 
(II) by striking ‘‘his’’ and insert-
ing ‘‘the member’s’’; 
(ii) in the fourteenth undesignated 
paragraph, by striking ‘‘his’’ and inserting 
‘‘the director’s or officer’s’’; and 
(iii) in the twenty-second undesig-
nated paragraph, by striking ‘‘his’’ each 
place such term appears and inserting 
‘‘such individual’s’’. 
(10) FEDERAL
RESERVE
REFORM
ACT
OF 
1977.—Section 204(b) of the Federal Reserve Re-
form Act of 1977 (12 U.S.C. 242 note) is amended 
by striking ‘‘Chairman or Vice Chairman of the 
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371 
Board of Governors’’ and inserting ‘‘Chair or Vice 
Chair of the Board of Governors’’. 
(11) FINANCIAL
INSTITUTIONS
REFORM, RE-
COVERY, AND ENFORCEMENT ACT OF 1989.—The Fi-
nancial Institutions Reform, Recovery, and Enforce-
ment Act of 1989 is amended— 
(A) in section 308 (12 U.S.C. 1463 
note)— 
(i) in subsection (a), by striking 
‘‘Chairman of the Board of Governors’’ 
and inserting ‘‘Chair of the Board of Gov-
ernors’’; and 
(ii) in subsection (c), by striking 
‘‘Chairman of the Board of Governors’’ 
and inserting ‘‘Chair of the Board of Gov-
ernors’’; 
(B) in section 1001(a) (12 U.S.C. 1811 
note), by striking ‘‘Chairman of the Board of 
Governors’’ and inserting ‘‘Chair of the Board 
of Governors’’; and 
(C) in section 1205(b)(1)(A) (12 U.S.C. 
1818 note)— 
(i) by striking ‘‘Chairman of the 
Board of Governors’’ and inserting ‘‘Chair 
of the Board of Governors’’; and 
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372 
(ii) by striking ‘‘Chairman’s’’ and in-
serting ‘‘Chair’s’’. 
(12) FOOD, CONSERVATION, AND ENERGY ACT 
OF 2008.—Section 13106(a) of the Food, Conserva-
tion, and Energy Act of 2008 (7 U.S.C. 2 note) is 
amended by striking ‘‘Chairman of the Board of 
Governors’’ and inserting ‘‘Chair of the Board of 
Governors’’. 
(13) HOUSING AND COMMUNITY DEVELOPMENT 
ACT OF 1992.—Section 1313(a)(3) of the Housing 
and Community Development Act of 1992 (12 
U.S.C. 4513(a)(3)) is amended— 
(A) in the heading, by striking ‘‘CHAIR-
MAN’’ and inserting ‘‘CHAIR’’; 
(B) by striking ‘‘Chairman of the Board of 
Governors’’ each place such term appears and 
inserting ‘‘Chair of the Board of Governors’’; 
and 
(C) by striking ‘‘Chairman regarding’’ and 
inserting ‘‘Chair regarding’’. 
(14) INSPECTOR GENERAL ACT OF 1978.—Sec-
tion 8G of the Inspector General Act of 1978 is 
amended by striking ‘‘Chairman of the Board of 
Governors’’ each place such term appears and in-
serting ‘‘Chair of the Board of Governors’’. 
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(15) INTERNATIONAL
LENDING
SUPERVISION 
ACT OF 1983.—Section 908(b)(3)(C) of the Inter-
national Lending Supervision Act of 1983 (12 
U.S.C. 3907(b)(3)(C)) is amended by striking 
‘‘Chairman of the Board of Governors’’ and insert-
ing ‘‘Chair of the Board of Governors’’. 
(16) NEIGHBORHOOD
REINVESTMENT
COR-
PORATION ACT.—Section 604(a)(3) of the Neighbor-
hood Reinvestment Corporation Act (42 U.S.C. 
8103(a)(3)) is amended by striking ‘‘Chairman’’ 
each place it appears and inserting ‘‘Chair’’. 
(17) PUBLIC LAW 93–495.—Section 202(a)(1) of 
Public Law 93–495 (12 U.S.C. 2402(a)(1)) is 
amended— 
(A) by striking ‘‘Chairman of the Board of 
Governors’’ and inserting ‘‘Chair of the Board 
of Governors’’; and 
(B) by striking ‘‘his’’ and inserting ‘‘the 
Chair’s’’. 
(18) SARBANES-OXLEY ACT OF 2002.—Section 
101(e)(4)(A) of the Sarbanes-Oxley Act of 2002 (15 
U.S.C. 7211(e)(4)(A)) is amended by striking 
‘‘Chairman of the Board of Governors’’ and insert-
ing ‘‘Chair of the Board of Governors’’. 
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374 
(19) SECURITIES
EXCHANGE
ACT
OF
1934.— 
Section 17A(f)(4)(C) of the Securities Exchange Act 
of 1934 (15 U.S.C. 78q–1(f)(4)(C)) is amended by 
striking ‘‘Chairman of the Board of Governors’’ and 
inserting ‘‘Chair of the Board of Governors’’. 
(20) TITLE 31.—Title 31, United States Code, 
is amended— 
(A) in section 1344(b)(7), by striking 
‘‘Chairman of the Board of Governors’’ and in-
serting ‘‘Chair of the Board of Governors’’; and 
(B) in section 5318A, by striking ‘‘Chair-
man of the Board of Governors’’ each place 
such term appears and inserting ‘‘Chair of the 
Board of Governors’’. 
(21) TRADE ACT OF 1974.—Section 163(b)(3) of 
the Trade Act of 1974 (19 U.S.C. 2213(b)(3)) is 
amended by striking ‘‘Chairman of the Board of 
Governors’’ and inserting ‘‘Chair of the Board of 
Governors’’. 
(22) DEEMING OF NAME.—Any reference in a 
law, regulation, document, paper, or other record of 
the United States to the Chairman of the Board of 
Governors of the Federal Reserve System shall be 
deemed to be a reference to the Chair of the Board 
of Governors of the Federal Reserve System. 
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375 
SEC. 6005. ALLOCATIONS UNDER NEW MARKETS TAX CRED-
IT MADE MORE COMPETITIVE. 
(a) IN GENERAL.—Section 45D(i) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘and’’ at 
the end the paragraph (5), by striking the period at the 
end of paragraph (6) and inserting a comma, and by add-
ing at the end the following new paragraphs: 
‘‘(7) which prioritize community financial insti-
tution CDEs with demonstrated records of having 
successfully provided capital or technical assistance 
to disadvantaged businesses or communities, 
‘‘(8) which ensure that minority-owned qualified 
community development entities (as defined in sub-
section (c)(4)) receive a proportional allocation of 
new markets tax credit limitation for each calendar 
year, 
‘‘(9) which ensure that CDFI CDEs receive a 
proportional allocation of new markets tax credit 
limitation for each calendar year, 
‘‘(10) which establish an application review 
process consistent with the following categories that 
ensures that only entities within each category of 
qualified community development entity compete 
with one another for new markets tax credit limita-
tion: 
‘‘(A) Emerging CDEs. 
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‘‘(B) 
Community 
financial 
institution 
CDEs. 
‘‘(C) CDFI CDEs. 
‘‘(D) Large bank affiliated CDEs. 
‘‘(E) Nonprofit CDEs. 
‘‘(F) For-profit CDEs; and 
‘‘(11) which prioritize partnerships between— 
‘‘(A) large bank affiliated CDEs, and 
‘‘(B) emerging CDEs, community financial 
institution CDEs, and CDFI CDEs.’’. 
(b) DEFINITIONS RELATED
TO CATEGORIES
OF 
QUALIFIED COMMUNITY DEVELOPMENT ENTITIES.—Sec-
tion 45D(c) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new para-
graphs: 
‘‘(3) CATEGORIES OF QUALIFIED COMMUNITY 
DEVELOPMENT ENTITIES.—For purposes of this sec-
tion— 
‘‘(A) EMERGING CDE.—The term ‘emerg-
ing CDE’ means a qualified community devel-
opment entity which— 
‘‘(i) has never received an allocation 
of new markets tax credit limitation under 
subsection (f), and 
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377 
‘‘(ii) is not a for-profit CDE or large 
bank affiliated CDE. 
‘‘(B) COMMUNITY FINANCIAL INSTITUTION 
CDE.—The term ‘community financial institu-
tion CDE’ means a qualified community devel-
opment entity which— 
‘‘(i) is, or is affiliated with, a financial 
institution which— 
‘‘(I) is not a certified community 
development financial institution, and 
‘‘(II) 
has 
less 
than 
$1,000,000,000 in assets, 
‘‘(ii) has received one or more pre-
vious allocations of new markets tax credit 
limitation under subsection (f), and 
‘‘(iii) is not a CDFI CDE or large 
bank affiliated CDE. 
‘‘(C) CDFI CDE.— 
‘‘(i) IN GENERAL.—The term ‘CDFI 
CDE’ means a qualified community devel-
opment entity which— 
‘‘(I) is, or is affiliated with, a 
certified community development fi-
nancial institution, 
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378 
‘‘(II) has received one or more 
previous allocations of new markets 
tax credit limitation under subsection 
(f), and 
‘‘(III) is not a large bank affili-
ated CDE. 
‘‘(ii) CERTIFIED COMMUNITY DEVEL-
OPMENT
FINANCIAL
INSTITUTION.—The 
term ‘certified community development fi-
nancial institution’ means an entity which 
is certified by the Secretary as a commu-
nity development financial institution for 
purposes of the community development fi-
nancial institutions fund. 
‘‘(D) LARGE BANK AFFILIATED CDE.—The 
term ‘large bank affiliated CDE’ means a quali-
fied community development entity is affiliated 
with a financial institution which— 
‘‘(i) has $1,000,000,000 or more in 
assets, and 
‘‘(ii) is not a CDFI CDE. 
‘‘(E) NONPROFIT
CDE.—The term ‘non-
profit CDE’ means a qualified community de-
velopment entity which— 
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379 
‘‘(i) is described in section 501(c) and 
exempt from tax under section 501(a), 
‘‘(ii) was created or organized for the 
purpose of being a qualified community de-
velopment entity, and 
‘‘(iii) is not a community financial in-
stitution CDE, CDFI CDE, or large bank 
affiliated CDE. 
‘‘(F) FOR-PROFIT
CDE.—The term ‘for- 
profit CDE’ means any qualified community de-
velopment entity which is not a community fi-
nancial institution CDE, CDFI CDE, large 
bank affiliated CDE, or nonprofit CDE. 
‘‘(4) MINORITY-OWNED QUALIFIED COMMUNITY 
DEVELOPMENT ENTITY.—For purposes of this sec-
tion— 
‘‘(A) IN GENERAL.—The term ‘minority- 
owned qualified community development entity’ 
means any qualified community development 
entity if not less than 51 percent of such entity 
is owned by one or more individuals described 
in subparagraph (B). 
‘‘(B) INDIVIDUALS DESCRIBED.—An indi-
vidual is described in this subparagraph if such 
individual is African American, Hispanic Amer-
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380 
ican, Asian Pacific American, Subcontinent 
Asian American, or Native American.’’. 
(c) LIMITATIONS ON REPEAT ALLOCATIONS TO SAME 
COMMUNITY DEVELOPMENT ENTITIES.—Section 45D(f) 
of the Internal Revenue Code of 1986 is amended by re-
designating paragraph (3) as paragraph (4) and by insert-
ing after paragraph (2) the following new paragraph: 
‘‘(3) LIMITATIONS ON REPEAT ALLOCATIONS.— 
‘‘(A) TWO-YEAR COOLING OFF PERIOD IF 
TWO CONSECUTIVE ALLOCATIONS.—If a quali-
fied community development entity receives al-
locations under paragraph (2) for two consecu-
tive calendar years, the Secretary shall not 
make an allocation under paragraph (2) to such 
entity (or any entity affiliated with such entity) 
for either of the two calendar years following 
the two consecutive calendar years with respect 
to which allocations were made. 
‘‘(B) 
SHARED
ALLOCATIONS
AFTER 
REACHING
DOLLAR
LIMITATION.—The Sec-
retary shall not make any allocation under 
paragraph (2) to a qualified community devel-
opment entity for any calendar year if the ag-
gregate allocations made by the Secretary under 
such paragraph to such entity (or any entity af-
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381 
filiated with such entity) for all prior calendar 
years exceed $100,000,000. 
‘‘(C) 
EXCEPTION
FOR
PARTNERSHIPS 
WITH
SPECIFIED
COMMUNITY
DEVELOPMENT 
ENTITIES.— 
‘‘(i) 
IN
GENERAL.—Subparagraphs 
(A) and (B) shall not apply to a qualified 
community development entity for any cal-
endar year if— 
‘‘(I) such qualified community 
development entity has entered into a 
partnership with a specified commu-
nity development entity to carry out 
the purposes of this section with re-
spect to such calendar year, 
‘‘(II) neither subparagraph (A) 
nor (B) (determined without regard to 
this subparagraph) prevent the Sec-
retary from making allocations to 
such specified community development 
entity for such calendar year, and 
‘‘(III) the Secretary makes an al-
location under paragraph (2) to such 
specified community development enti-
ty for such calendar year in an 
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382 
amount which is not less than 50 per-
cent of the allocation made under 
paragraph (2) for such calendar year 
to the qualified community develop-
ment entity referred to in the matter 
preceding clause (i). 
‘‘(ii) SPECIFIED COMMUNITY DEVEL-
OPMENT
ENTITY.—For purposes of this 
paragraph, the term ‘specified community 
development entity’ means any qualified 
community development entity which— 
‘‘(I) is an emerging CDE, com-
munity financial institution CDE, or 
CDFI CDE, and 
‘‘(II) was not (prior to entering 
into the partnership for purposes of 
clause (i) or paragraph (4)) affiliated 
with the qualified community develop-
ment entity referred to in the matter 
preceding clause (i).’’. 
(d) LARGE BANK AFFILIATED CDES REQUIRED TO 
PARTNER WITH SPECIFIED COMMUNITY DEVELOPMENT 
ENTITY.—Section 45D(f) of the Internal Revenue Code 
of 1986, as amended by subsection (c), is amended by re-
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383 
designating paragraph (4) as paragraph (5) and by insert-
ing after paragraph (3) the following new paragraph: 
‘‘(4) LARGE BANK AFFILIATED CDES REQUIRED 
TO PARTNER WITH SPECIFIED COMMUNITY DEVEL-
OPMENT
ENTITY.—The Secretary shall not make 
any allocation under paragraph (2) to a large bank 
affiliated CDE for any calendar year unless the re-
quirements of subclauses (I), (II), (III) of paragraph 
(3)(C)(i) are met for such calendar year applied by 
substituting ‘20 percent’ for ‘50 percent’ in sub-
clause (III) thereof.’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to allocations made by the Sec-
retary of the Treasury, or his designee, after the date 
which is 1 year after the date of the enactment of this 
Act. 
SEC. 6006. EXTENSION AND IMPROVEMENT OF NEW MAR-
KETS TAX CREDIT. 
(a) EXTENSION.—Section 45D(f)(1) of the Internal 
Revenue Code of 1986 is amended by adding ‘‘, and’’ at 
the end of subparagraph (F), by striking the period at 
the end of subparagraph (G) and inserting ‘‘, and’’, and 
by adding at the end the following new subparagraph: 
‘‘(H) $10,000,000,000 for each of calendar 
years 2020 through 2029.’’. 
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384 
(b) DEGREE OF DISTRESS OF TARGETED COMMU-
NITY TAKEN INTO ACCOUNT IN MAKING ALLOCATIONS.— 
(1) IN GENERAL.—Section 45D(f)(2) of such 
Code is amended by inserting the following after the 
first sentence: ‘‘In making allocations under this 
paragraph, the Secretary shall take into account the 
entity’s business strategy, community impact, man-
agement capacity, and capitalization strategy, and 
the degree of distress of the communities served by 
the entity.’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
45D(f)(2) of such Code is amended by striking 
‘‘under the preceding sentence’’ and inserting 
‘‘under this paragraph’’. 
(c) INCREASED CREDIT FOR INVESTMENTS IN COM-
MUNITY DEVELOPMENT ENTITIES SERVING DISTRESSED 
COMMUNITIES.—Section 45D of such Code is amended by 
redesignating subsections (h) and (i) as subsections (i) 
and (j), respectively, and by inserting after subsection (g) 
the following new subsection: 
‘‘(h) INCREASED CREDIT FOR INVESTMENTS IN COM-
MUNITY DEVELOPMENT ENTITIES SERVING DISTRESSED 
COMMUNITIES.— 
‘‘(1) IN GENERAL.—In the case of a qualified 
equity investment in a qualified distressed commu-
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385 
nity development entity, subsection (a)(2) shall be 
applied— 
‘‘(A) by substituting ‘6 percent’ for ‘5 per-
cent’ in subparagraph (A), and 
‘‘(B) by substituting ‘7 percent’ for ‘6 per-
cent’ in subparagraph (B). 
‘‘(2) QUALIFIED DISTRESSED COMMUNITY DE-
VELOPMENT
ENTITY.—For purposes of this sub-
section— 
‘‘(A) IN
GENERAL.—The term ‘qualified 
distressed 
community 
development 
entity’ 
means any qualified community development 
entity if— 
‘‘(i) a substantial portion of the serv-
ices and investment capital provided by 
such entity is provided with respect to dis-
tressed communities, and 
‘‘(ii) such entity is certified by the 
Secretary for purposes of this section as 
being a qualified distressed community de-
velopment entity. 
‘‘(B) DISTRESSED COMMUNITY.—The term 
‘distressed community’ means any population 
census tract (or equivalent county division with-
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386 
in the meaning of subsection (e)(3)) which 
would be a low-income community if— 
‘‘(i) subsection (e)(1)(A) were applied 
by substituting ‘30 percent’ for ‘20 per-
cent’, and 
‘‘(ii) subsection (e)(1)(B) were applied 
by substituting ‘60 percent’ for ‘80 per-
cent’ each place it appears.’’. 
(d) EFFECTIVE DATES.— 
(1) EXTENSION.—The amendments made by 
subsection (a) shall apply to calendar years after 
2019. 
(2) DEGREE OF DISTRESS OF TARGETED COM-
MUNITY TAKEN INTO ACCOUNT IN MAKING ALLOCA-
TIONS.—The amendments made by subsection (b) 
shall apply to allocations made by the Secretary 
after the date of the enactment of this Act. 
(3) INCREASED CREDIT FOR INVESTMENTS IN 
COMMUNITY DEVELOPMENT ENTITIES SERVING DIS-
TRESSED COMMUNITIES.—The amendments made by 
subsection (c) shall apply to qualified equity invest-
ments acquired at original issue after the date of the 
enactment of this Act. 
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387 
TITLE VII—HOUSING AND ASSET 
BUILDING 
SEC. 7001. SENSE OF CONGRESS REGARDING THE RIGHT 
OF ALL RENTERS TO A SAFE, AFFORDABLE, 
AND DECENT HOME. 
(a) CONGRESSIONAL FINDINGS.—The Congress finds 
that— 
(1) housing is a basic human right; 
(2) evidence-based research has shown that 
families with safe, decent, and affordable homes are 
better able to find employment, achieve economic 
mobility, perform better in school, and maintain im-
proved health; 
(3) investing in affordable housing strengthens 
our economy, creates jobs, boosts families’ incomes, 
and encourages further development; 
(4) far too many families living in urban, sub-
urban, and rural communities struggle to afford 
their rent each month, putting them at increased 
risk of eviction and homelessness; 
(5) according to the Department of Housing 
and Urban Development (HUD) point-in-time count 
of 2016, there were 549,928 people in the United 
States experiencing homelessness on any given night, 
including over 120,000 children; 
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388 
(6) homelessness has become so pervasive that 
some States and cities have declared that homeless-
ness has reached a state of emergency; 
(7) major progress towards the national goals 
for ending homelessness in our Nation has stalled in 
the absence of increased funding; 
(8) a shortage of affordable housing exists in 
every State and major metropolitan area; 
(9) a full-time worker earning the Federal min-
imum wage cannot afford a modest two-bedroom 
apartment in any State, metropolitan area, or coun-
ty in the United States; 
(10) over half of all renters are cost-burdened, 
paying more than 30 percent of their income for 
housing, and 71 percent of extremely low-income 
households are severely cost-burdened, paying more 
than half of their income for housing; 
(11) rapidly rising rents across the country 
have pushed many long-time residents and families 
out of the communities they call home; 
(12) closed waiting lists and long waits mean 
only a quarter of the families who qualify for hous-
ing assistance actually receive it; 
(13) the role of Federal affordable housing in-
vestments is even more important given the limited 
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389 
ability of the private market alone to address these 
needs; 
(14) various programs at the Department of 
Housing and Urban Development help to subsidize 
housing for more than 4,000,000 low-income fami-
lies, including the Public Housing program, the Sec-
tion 8 Housing Choice Vouchers (HCV) program, 
the Section 8 Project-Based Rental Assistance pro-
gram, the Section 202 Supportive Housing for the 
Elderly program, the Section 811 Supportive Hous-
ing for Persons with Disabilities program, and the 
Housing Opportunities for Persons with AIDS 
(HOPWA) program; 
(15) despite leveraging billions of dollars in pri-
vate resources to preserve and expand the supply of 
affordable housing, affordable housing programs 
continue to be chronically underfunded despite their 
success at providing safe housing to families in need; 
(16) chronic underfunding of the Public Hous-
ing Capital Fund has led to a backlog of more than 
$26,000,000,000 in capital repairs and deteriorating 
conditions for residents; 
(17) without Federal investments, many more 
families would be homeless, living in substandard or 
overcrowded conditions, or struggling to meet other 
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390 
basic needs because too much of their limited income 
would be used to pay rent; 
(18) low Federal spending caps required by the 
Budget Control Act of 2011 (Public Law 112–25) 
have decreased funding for affordable housing and 
community development programs; 
(19) these austere spending caps threaten af-
fordable housing and community development for 
millions of low income families; 
(20) even renters with housing subsidies often 
face barriers to finding housing providers willing to 
rent to them; 
(21) under current Federal law, housing dis-
crimination against a renter is illegal if it is based 
on race, color, religion, sex, familial status, national 
origin, or disability; 
(22) renters should be protected against hous-
ing discrimination through stronger enforcement of 
fair housing laws; and 
(23) despite various clarifying memos from 
HUD, the re-entry community continues to face bar-
riers in trying to secure access to federally assisted 
housing. 
(b) SENSE OF CONGRESS.—The Congress hereby— 
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391 
(1) supports lifting the spending caps required 
by the Budget Control Act of 2011 and robustly 
funding programs to increase access to affordable 
housing and address homelessness at the Depart-
ment of Housing and Urban Development (HUD) 
and other Federal agencies; 
(2) opposes any cuts to Federal investments in 
affordable housing programs at the Department of 
Housing and Urban Development and other Federal 
agencies; 
(3) supports increased funding to the Public 
Housing Capital Fund to address the backlog of 
capital repairs for public housing; 
(4) supports expanded funding for the National 
Housing Trust Fund to boost the supply of afford-
able housing available to extremely low-income fami-
lies; 
(5) supports efforts to preserve and rehabilitate 
existing housing to maintain and increase the avail-
able stock of affordable housing and proposals by 
local entities to prevent any net loss of overall af-
fordable housing units receiving Federal subsidies; 
(6) supports strengthened Federal fair housing 
laws; 
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392 
(7) affirms that renters may not be barred from 
federally assisted housing solely on the basis of a 
criminal record; 
(8) supports expansion of renters’ rights, in-
cluding the right of tenants to organize tenant asso-
ciations; and 
(9) affirms that housing is a basic human right. 
Subtitle A—A Path to Ending 
Homelessness 
SEC. 7101. CONGRESSIONAL FINDINGS. 
The Congress finds that— 
(1) although the United States has experienced 
a reduction in veteran homelessness after a surge of 
new Federal funding targeted to homeless veterans 
starting in fiscal year 2008, major progress towards 
the national goals for ending homelessness in our 
Nation has virtually stalled in the absence of in-
creased funding; 
(2) according to the Department of Housing 
and Urban Development’s 2016 point-in-time count, 
there were 549,928 people experiencing homeless-
ness in the United States on any given night, includ-
ing over 120,000 children; 
(3) homelessness in many communities has 
reached crisis proportions and some cities have de-
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393 
clared that homelessness has reached a state of 
emergency; and 
(4) the Federal Government must renew its 
commitment to the national goals to end homeless-
ness. 
SEC. 7102. EMERGENCY RELIEF FUNDING. 
Title IV of the McKinney-Vento Homeless Assistance 
Act (42 U.S.C. 11360 et seq) is amended— 
(1) by redesignating section 491 (42 U.S.C. 
11408; relating to rural housing stability grant pro-
gram) as section 441; 
(2) by redesignating section 592 (42 U.S.C. 
11408a; relating to use of FMHA inventory for 
transitional housing for homeless persons and for 
turnkey housing) as section 442; and 
(3) by adding at the end the following new sub-
title: 
‘‘Subtitle E—5-Year Path to End 
Homelessness 
‘‘SEC. 451. EMERGENCY RELIEF FUNDING. 
‘‘(a) DIRECT APPROPRIATIONS.—There is appro-
priated out of any money in the Treasury not otherwise 
appropriated for each of fiscal years 2019 through 2023, 
$1,000,000,000, to remain available until expended, for 
emergency relief grants under this section to address the 
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unmet needs of homeless populations in jurisdictions with 
the highest need. 
‘‘(b) FORMULA GRANTS.— 
‘‘(1) 
ALLOCATION.—Amounts 
appropriated 
under subsection (a) for a fiscal year shall be allo-
cated among collaborative applicants that comply 
with section 402, in accordance with the funding for-
mula established under paragraph (2) of this sub-
section. 
‘‘(2) FORMULA.—The Secretary shall, in con-
sultation with the United States Interagency Council 
on Homeless, establish a formula for allocating 
grant amounts under this section to address the 
unmet needs of homeless populations in jurisdictions 
with the highest need, using the best currently avail-
able data that targets need based on key structural 
determinants of homelessness in the geographic area 
represented by a collaborative applicant, which shall 
include data providing accurate counts of— 
‘‘(A) the poverty rate in the geographic 
area represented by the collaborative applicant; 
‘‘(B) shortages of affordable housing for 
low-, very low-, and extremely low-income 
households in the geographic area represented 
by the collaborative applicant; 
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‘‘(C) the number of overcrowded housing 
units in the geographic area represented by the 
collaborative applicant; 
‘‘(D) the number of unsheltered homeless 
individuals and the number of chronically home-
less individuals; and 
‘‘(E) any other factors that the Secretary 
considers appropriate. 
‘‘(3) GRANTS.—For each fiscal year for which 
amounts are made available under subsection (a), 
the Secretary shall make a grant to each collabo-
rative applicant for which an amount is allocated 
pursuant to application of the formula established 
pursuant to paragraph (2) of this subsection in an 
amount that is equal to the formula amount deter-
mined for such collaborative applicant. 
‘‘(4) TIMING.— 
‘‘(A) FORMULA
TO
BE
DEVISED
SWIFT-
LY.—The funding formula required under para-
graph (2) shall be established not later than 60 
days after the date of enactment of this section. 
‘‘(B) 
DISTRIBUTION.—Amounts 
appro-
priated or otherwise made available under this 
section shall be distributed according to the 
funding formula established pursuant to para-
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graph (2) not later than 30 days after the es-
tablishment of such formula. 
‘‘(c) USE OF GRANTS.— 
‘‘(1) IN GENERAL.—Subject to paragraphs (2) 
through (4), a collaborative applicant that receives a 
grant under this section may use such grant 
amounts only for eligible activities under section 
415, 423, or 441(b). 
‘‘(2) PERMANENT
SUPPORTIVE
HOUSING
RE-
QUIREMENT.— 
‘‘(A) REQUIREMENT.—Except as provided 
in subparagraph (B), each collaborative appli-
cant that receives a grant under this section 
shall use not less than 75 percent of such grant 
amount for permanent supportive housing, in-
cluding capital costs, rental subsidies, and serv-
ices. 
‘‘(B) EXEMPTION.—The Secretary shall 
exempt a collaborative applicant from the appli-
cability of the requirement under subparagraph 
(A) if the applicant demonstrates, in accordance 
with such standards and procedures as the Sec-
retary shall establish, that— 
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397 
‘‘(i) chronic homelessness has been 
functionally eliminated in the geographic 
area served by the applicant; or 
‘‘(ii) the permanent supportive hous-
ing under development in the geographic 
area served by the applicant is sufficient to 
functionally eliminate chronic homelessness 
once such units are available for occu-
pancy. 
The Secretary shall consider and make a deter-
mination regarding each request for an exemp-
tion under this subparagraph not later than 60 
days after receipt of such request. 
‘‘(3) LIMITATION ON USE FOR ADMINISTRATIVE 
EXPENSES.—Not more than 5 percent of the total 
amount of any grant under this section to a collabo-
rative applicant may be used for costs of administra-
tion. 
‘‘(4) HOUSING FIRST REQUIREMENT.—The Sec-
retary shall ensure that each collaborative applicant 
that receives a grant under this section is imple-
menting, to the extent possible, and will use such 
grant amounts in accordance with, a Housing First 
model for assistance for homeless persons. 
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398 
‘‘(d) RENEWAL FUNDING.—Expiring contracts for 
leasing, rental assistance, or permanent housing shall be 
treated, for purposes of section 429, as expiring contracts 
referred to in subsection (a) of such section. 
‘‘(e) REPORTING TO CONGRESS.— 
‘‘(1) INITIAL
REPORT.—Not later than Sep-
tember 1, 2017, the Secretary and the United States 
Interagency Council on Homelessness shall submit a 
report to the Committees on Financial Services and 
Appropriations of the House of Representatives and 
the Committees on Banking, Housing, and Urban 
Affairs and Appropriations of the Senate describing 
the design and implementation of the grant program 
under this section, which shall include the formula 
required by subsection (b)(2). 
‘‘(2) SEMIANNUAL STATUS REPORTS.— 
‘‘(A) REPORTS TO CONGRESS.—The Sec-
retary and the United States Interagency Coun-
cil on Homelessness shall submit reports to the 
Committees specified in paragraph (1) semi-
annually describing the operation of the grant 
program under this section during the pre-
ceding 6 months, including identification of the 
grants made and a description of the activities 
funded with grant amounts. 
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399 
‘‘(B) COLLECTION
OF
INFORMATION
BY 
SECRETARY.—The Secretary shall require each 
collaborative applicant that receives a grant 
under this section to submit such information 
to the Secretary as may be necessary for the 
Secretary to comply with the reporting require-
ment under subparagraph (A). 
‘‘SEC. 452. SPECIAL PURPOSE VOUCHERS. 
‘‘(a) DIRECT
APPROPRIATION.—There is appro-
priated out of any money in the Treasury not otherwise 
appropriated for each of fiscal years 2019 through 2023, 
$500,000,000, to remain available until expended, which 
shall be used as follows: 
‘‘(1) RENTAL ASSISTANCE.—Except as provided 
in paragraph (2), such amount shall be used for in-
cremental assistance for rental assistance under sec-
tion 8(o) of the United States Housing Act of 1937 
(42 U.S.C. 1437f(o)) for persons and households 
who are homeless (as such term is defined in section 
103 (42 U.S.C. 11302)), which assistance shall be in 
addition to such assistance provided pursuant to re-
newal of expiring contracts for such assistance. 
‘‘(2) ADMINISTRATIVE
FEES.—The Secretary 
may use not more than 10 percent of such amounts 
provided for each fiscal year for administrative fees 
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400 
under 8(q) of the United States Housing Act of 
1937 (42 U.S.C. 1437f(q)). The Secretary shall es-
tablish policies and procedures to provide such fees 
to the extent necessary to assist homeless persons 
and families on whose behalf rental assistance is 
provided to find and maintain suitable housing. 
‘‘(b) ALLOCATION.—The Secretary shall make assist-
ance provided under this section available to public hous-
ing agencies based on geographical need for such assist-
ance by homeless persons and households, as identified by 
the Secretary, public housing agency administrative per-
formance, and other factors as specified by the Secretary. 
‘‘(c) 
AVAILABILITY.—Assistance 
made 
available 
under this section shall continue to remain available only 
for homeless persons and households upon turn-over. 
‘‘(d) RENEWAL FUNDING.—Renewal of expiring con-
tracts for rental assistance provided under subsection (a) 
and for administrative fees under such subsection shall, 
to the extent provided in appropriation Acts, be funded 
under the section 8 tenant-based rental assistance ac-
count. 
‘‘(e) WAIVER AUTHORITY.—Upon a finding by the 
Secretary that a waiver or alternative requirement pursu-
ant to this subsection is necessary to ensure that homeless 
persons and households can obtain housing using rental 
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401 
assistance made available under this section, the Secretary 
may waive, or specify alternative requirements for, any 
provision of any statute or regulation that the Secretary 
administers in connection with the use of funds made 
available under this section (except for requirements re-
lated to fair housing, nondiscrimination, labor standards, 
and the environment) that relates to screening of appli-
cants for assistance, admission of applicants, and selection 
of tenants. The Secretary shall require public housing 
agencies receiving rental assistance funding made avail-
able under this section to take all reasonable actions to 
help assisted persons and families avoid subsequent home-
lessness. 
‘‘SEC. 453. OUTREACH FUNDING. 
‘‘(a) DIRECT
APPROPRIATION.—There is appro-
priated out of any money in the Treasury not otherwise 
appropriated for each of fiscal years 2019 through 2023, 
$100,000,000, to remain available until expended, to the 
Secretary for grants under this section to provide outreach 
and coordinate services for persons and households who 
are homeless or formerly homeless. 
‘‘(b) GRANTS.— 
‘‘(1) IN GENERAL.—The Secretary shall make 
grants under this section on a competitive basis only 
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402 
to collaborative applicants who comply with section 
402. 
‘‘(2) PRIORITY.—The competition for grants 
under this section shall provide priority to collabo-
rative applicants who submit plans to make innova-
tive and effective use of staff funded with grant 
amounts pursuant to subsection (c). 
‘‘(c) USE
OF GRANTS.—A collaborative applicant 
that receives a grant under this section may use such 
grant amounts only for providing case managers, social 
workers, or other staff who conduct outreach and coordi-
nate services for persons and households who are homeless 
or formerly homeless. 
‘‘(d) TIMING.— 
‘‘(1) CRITERIA
TO
BE
ESTABLISHED
SWIFT-
LY.—The Secretary shall establish the criteria for 
the competition for grants under this section re-
quired under subsection (b) not later than 60 days 
after the date of enactment of this section. 
‘‘(2) DISTRIBUTION.—Amounts appropriated or 
otherwise made available under this section shall be 
distributed according to the competition established 
by the Secretary pursuant to subsection (b) not later 
than 30 days after the establishment of such cri-
teria.’’. 
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403 
SEC. 7103. HOUSING TRUST FUND. 
(a) FUNDING.— 
(1) ANNUAL FUNDING.—There is appropriated, 
out of any money in the Treasury not otherwise ap-
propriated, for fiscal year 2019 and each fiscal year 
thereafter, $1,000,000,000, to remain available until 
expended, which shall be credited to the Housing 
Trust Fund established pursuant to section 1338 of 
the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (12 U.S.C. 4568) for 
use under such section. 
(2) RENTAL
ASSISTANCE.—There is appro-
priated, out of any money in the Treasury not other-
wise appropriated, for fiscal year 2019 and each fis-
cal year thereafter, $50,000,000, to remain available 
until expended, for incremental project-based vouch-
er assistance or project-based rental assistance, to 
be allocated to States pursuant to the formula estab-
lished under section 1338 of the Federal Housing 
Enterprises Financial Safety and Soundness Act of 
1992 (12 U.S.C. 4568), to be used solely in conjunc-
tion with grant funds awarded under such section 
1338. 
(3) PRIORITY FOR HOUSING THE HOMELESS.— 
(A) PRIORITY.—During the first 5 fiscal 
years that amounts are made available under 
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404 
this subsection, the Secretary of Housing and 
Urban Development shall ensure that priority 
for occupancy in dwelling units described in 
subparagraph (B) that become available for oc-
cupancy shall be given to persons and house-
holds who are homeless (as such term is defined 
in section 103 of the McKinney-Vento Homeless 
Assistance Act (42 U.S.C. 11302)). 
(B) COVERED DWELLING UNITS.—A dwell-
ing unit described in this subparagraph is any 
dwelling unit that— 
(i) is located in housing that was at 
any time provided assistance with any 
amounts from the Housing Trust Fund re-
ferred to paragraph (1) that were credited 
to such Trust Fund by such paragraph; or 
(ii) is receiving assistance described in 
paragraph (2) with amounts made avail-
able under such paragraph. 
(b) TENANT RENT CONTRIBUTION.— 
(1) LIMITATION.—Subparagraph (A) of section 
1338(c)(7) of the Federal Housing Enterprises Fi-
nancial Safety and Soundness Act of 1992 (12 
U.S.C. 4568(c)(7)(A)) is amended— 
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405 
(A) by striking ‘‘except that not less than 
75 percent’’ and inserting the following: ‘‘except 
that— 
‘‘(i) not less than 75 percent’’; 
(B) by adding at the end the following new 
clause: 
‘‘(ii) notwithstanding any other provi-
sion of law, all rental housing dwelling 
units shall be subject to legally binding 
commitments that ensure that the con-
tribution toward rent by a family residing 
in the dwelling unit shall not exceed 30 
percent of the adjusted income (as such 
term is defined in section 3(b) of the 
United States Housing Act of 1937 (42 
U.S.C. 1437a(b))) of such family; and’’. 
(2) REGULATIONS.—The Secretary of Housing 
and Urban Development shall issue regulations to 
implement section 1338(c)(7)(A)(ii) of the Federal 
Housing Enterprises Financial Safety and Sound-
ness Act of 1992, as added by the amendment made 
by paragraph (1)(B) of this section, not later than 
the expiration of the 90-day period beginning on the 
date of the enactment of this Act. 
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406 
SEC. 7104. TECHNICAL ASSISTANCE FUNDS TO HELP 
STATES AND LOCAL ORGANIZATIONS ALIGN 
HEALTH AND HOUSING SYSTEMS. 
(a) FUNDING.—There is hereby made available to the 
Secretary 
of 
Housing 
and 
Urban 
Development 
$20,000,000, to remain available until expended, for pro-
viding technical assistance under section 405 of the 
McKinney-Vento Homeless Assistance Act (42 U.S.C. 
11361(b)) in connection with expanding the Healthcare 
and Housing (H2) Systems Integration Initiative of the 
Secretary of Housing and Urban Development, in collabo-
ration with the United States Interagency Council on 
Homelessness and the Secretary of Health and Human 
Services. 
(b) USE.—In expanding the Initiative referred to in 
subsection (a), the Secretary shall seek to— 
(1) assist States and localities in integrating 
and aligning policies and funding between Medicaid 
programs, behavioral health providers, and housing 
providers to create supportive housing opportunities; 
and 
(2) engage State Medicaid program directors, 
Governors, State housing and homelessness agencies, 
any other relevant State offices, and any relevant 
local government entities, to assist States in increas-
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407 
ing use of their Medicaid programs to finance sup-
portive services for homeless persons. 
(c) PRIORITY.—In using amounts made available 
under this section, the Secretary shall give priority to use 
for States and localities having the highest numbers of 
chronically homeless persons. 
SEC. 7105. PERMANENT AUTHORIZATION OF APPROPRIA-
TIONS FOR MCKINNEY-VENTO HOMELESS AS-
SISTANCE ACT GRANTS. 
Section 408 of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11364) is amended to read as follows: 
‘‘SEC. 408. AUTHORIZATION OF APPROPRIATIONS. 
‘‘There are authorized to be appropriated to carry out 
this title such sums as may be necessary for each fiscal 
year.’’. 
SEC. 7106. PERMANENT EXTENSION OF UNITED STATES 
INTERAGENCY COUNCIL ON HOMELESSNESS. 
Section 209 of the McKinney-Vento Homeless Assist-
ance Act (42 U.S.C. 11319) is hereby repealed. 
SEC. 7107. EMERGENCY DESIGNATION. 
(a) IN GENERAL.—The amounts provided by this 
subtitle, and the amendments made by this subtitle, are 
designated as an emergency requirement pursuant to sec-
tion 4(g) of the Statutory Pay-As-You-Go Act of 2010 (2 
U.S.C. 933(g)). 
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408 
(b) DESIGNATION IN SENATE.—In the Senate, this 
subtitle and the amendments made by this subtitle are 
designated as an emergency requirement pursuant to sec-
tion 403(a) of S. Con. Res. 13 (111th Congress), the con-
current resolution on the budget for fiscal year 2010. 
Subtitle B—Tenant Blacklisting 
SEC. 7201. TENANT BLACKLISTING. 
(a) DEFINITIONS.—In this section— 
(1) the terms ‘‘consumer’’, ‘‘consumer report’’, 
and ‘‘nationwide specialty consumer reporting agen-
cy’’ have the meanings given those terms in section 
603 of the Fair Credit Reporting Act (15 U.S.C. 
1681a); and 
(2) the term ‘‘tenant rating agency’’ means a 
nationwide specialty consumer reporting agency de-
scribed in section 603(x)(2) of the Fair Credit Re-
porting Act (15 U.S.C. 1681a(x)(2)). 
(b) AMENDMENTS TO THE FAIR CREDIT REPORTING 
ACT.—The Fair Credit Reporting Act (15 U.S.C. 1601 
et seq.) is amended— 
(1) in section 605 (15 U.S.C. 1681c), by adding 
at the end the following: 
‘‘(i) HOUSING COURT RECORDS.—A consumer re-
porting agency may not make a consumer report con-
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409 
taining a landlord-tenant court or other housing court 
record, unless— 
‘‘(1) the case to which the record pertains re-
sulted in a judgment of possession; 
‘‘(2) the decision of the court in the case to 
which the record pertains is not being appealed; and 
‘‘(3) the record antedates the consumer report 
by not more than 3 years.’’; 
(2) in section 611(a) (15 U.S.C. 1681i(a))— 
(A) in paragraph (1)(A), by inserting ‘‘or 
by submitting a notice of the dispute through 
the centralized source described in section 
612(a)(1)(B) or the centralized source required 
to be established under section 721(c) of the 
Jobs and Justice Act of 2018’’ after ‘‘through 
a reseller’’; and 
(B) in paragraph (2)— 
(i) in subparagraph (A)— 
(I) by striking ‘‘or a reseller’’ 
and inserting ‘‘a reseller, or a central-
ized source’’; and 
(II) by striking ‘‘or reseller’’ and 
inserting 
‘‘reseller, 
or 
centralized 
source’’; and 
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410 
(ii) in subparagraph (B), by striking 
‘‘or the reseller’’ and inserting ‘‘the re-
seller, or the centralized source’’; 
(3) in section 615 (15 U.S.C. 1681m), by add-
ing at the end the following: 
‘‘(i) ADDITIONAL DUTY OF USERS TAKING ADVERSE 
ACTIONS ON THE BASIS OF HOUSING COURT RECORDS 
CONTAINED
IN CONSUMER REPORTS.—If any person 
takes any adverse action with respect to a consumer that 
is based in whole or in part on a landlord-tenant court 
or other housing record contained in a consumer report, 
the person shall provide to the consumer a free copy of 
the consumer report used by the person in taking the ad-
verse action.’’; and 
(4) by adding at the end the following: 
‘‘SEC. 630. CIVIL LIABILITY FOR CREATING REPORTS WITH 
INACCURATE HOUSING COURT RECORDS. 
‘‘Any person who willfully makes a consumer report 
with respect to a consumer that contains an inaccurate 
landlord-tenant court or other housing record is liable to 
the consumer in an amount equal to the sum of— 
‘‘(1) any actual damages sustained by the con-
sumer as a result of making that consumer report 
or damages of not less than $500 and not more than 
$1,500; 
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411 
‘‘(2) such amount of punitive damages as the 
court may allow; and 
‘‘(3) in the case of any successful action to en-
force any liability under this section, the costs of the 
action together with reasonable attorney’s fees as de-
termined by the court.’’. 
(c) REGULATIONS APPLICABLE TO CLEARINGHOUSE 
SYSTEM.—Not later than 1 year after the date of enact-
ment of this Act, the Bureau of Consumer Financial Pro-
tection shall issue regulations— 
(1) applicable to tenant rating agencies to re-
quire the establishment of— 
(A) a centralized source through which 
consumers may— 
(i) obtain a consumer report from 
each such tenant rating agency once dur-
ing any 12-month period, using a single re-
quest, and without charge to the consumer, 
as provided in section 612(a) of the Fair 
Credit 
Reporting 
Act 
(15 
U.S.C. 
1681j(a)); and 
(ii) submit a notice of a dispute of in-
accurate information, as provided in sec-
tion 611(a) of the Fair Credit Reporting 
Act (15 U.S.C. 1681i(a)); and 
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412 
(B) a standardized form for a consumer to 
make a request for a consumer report under 
subparagraph (A)(i) or submit a notice of dis-
pute under subparagraph (A)(ii) by mail or 
through an Internet website; and 
(2) to provide that a consumer may submit a 
notice of dispute of inaccurate information through 
the centralized source established in accordance with 
section 211(c) of the Fair and Accurate Credit 
Transactions Act of 2003 (15 U.S.C. 1681j note), as 
provided in section 611(a) of the Fair Credit Re-
porting Act (15 U.S.C. 1681i(a)), using the stand-
ardized form described in paragraph (1)(B). 
(d) REPORT.—Not later than 1 year after the date 
of enactment of this Act, the Bureau of Consumer Finan-
cial Protection shall conduct a study and submit to Con-
gress a report on the status of tenant rating agencies and 
the compliance of tenant rating agencies under the Fair 
Credit Reporting Act (15 U.S.C. 1601 et seq.), including 
a gap analysis of laws and resources to deter noncompli-
ance with the intent and purpose of the Fair Credit Re-
porting Act (15 U.S.C. 1601 et seq.). 
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413 
SEC. 7202. CAPITAL FUND AMOUNTS FOR LARGE PUBLIC 
HOUSING AGENCIES. 
(a) AUTHORIZATION OF APPROPRIATIONS.—In addi-
tion to any amounts authorized to be appropriated for for-
mula grants to public housing agencies from the Capital 
Fund pursuant to section 9(d)(2) of the United States 
Housing Act of 1937 (42 U.S.C. 1437g(d)(2)), there is 
authorized to be appropriated $4,000,000,000 for each of 
fiscal years 2018 through 2022 for the Public Housing 
Capital Fund Program under section 9(d) of the United 
States Housing Act of 1937 (42 U.S.C. 1437g(b)). 
(b) ELIGIBLE PUBLIC HOUSING AGENCIES.—Any 
amounts appropriated pursuant to this section shall be 
used by the Secretary of Housing and Urban Development 
only for grants to public housing agencies that own or ad-
minister more than 10,000 public housing dwelling units. 
(c) ELIGIBLE USES.—Funds from grants made with 
amounts appropriated pursuant to this section may be 
used only for eligible capital activities under section 
9(d)(1) of the United States Housing Act of 1937 (42 
U.S.C. 1437g(d)(1)). Section 9(g)(3) of such Act shall not 
apply to any such grant funds. 
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SEC. 7203. ASSISTANCE TO NEIGHBORWORKS FOR MORT-
GAGE FORECLOSURE MITIGATION ACTIVI-
TIES. 
There is authorized to be appropriated $5,000,000, 
for each of fiscal years 2018 through 2022 for assistance 
to the Neighborhood Reinvestment Corporation for mort-
gage foreclosure mitigation activities, under the following 
terms and conditions: 
(1) 
MORTGAGE
FORECLOSURE
MITIGATION 
COUNSELING.— 
(A) The Neighborhood Reinvestment Cor-
poration (in this section referred to as the 
‘‘NRC’’) may make grants under this para-
graph to counseling intermediaries approved by 
the Department of Housing and Urban Devel-
opment (in this section referred to as ‘‘HUD’’) 
(with match to be determined by NRC based on 
affordability and the economic conditions of an 
area; a match also may be waived by NRC 
based on the aforementioned conditions) to pro-
vide mortgage foreclosure mitigation assistance 
to the 15 States with highest rates of home 
mortgage defaults and foreclosures, as of Janu-
ary 1, 2018, to help eliminate the default and 
foreclosure of mortgages of owner-occupied sin-
gle-family homes that are at risk of such fore-
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closure and located in metropolitan statistical 
areas having the greatest such need. Other than 
areas with high rates of defaults and fore-
closures, grants may also be provided to ap-
proved counseling intermediaries based on a ge-
ographic analysis of the Nation by NRC which 
determines where there is a prevalence of mort-
gages that are risky and likely to fail, including 
any trends for mortgages that are likely to de-
fault and face foreclosure. A State Housing Fi-
nance Agency may also be eligible where the 
State Housing Finance Agency meets all the re-
quirements under this paragraph. A HUD-ap-
proved counseling intermediary shall meet cer-
tain mortgage foreclosure mitigation assistance 
counseling requirements, as determined by 
NRC, and shall be approved by HUD or NRC 
as meeting these requirements. 
(B) Mortgage foreclosure mitigation assist-
ance shall only be made available to home-
owners of owner-occupied homes with mort-
gages in default or in danger of default. These 
mortgages shall likely be subject to a fore-
closure action and homeowners will be provided 
such assistance that shall consist of activities 
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that are likely to prevent foreclosures and result 
in the long-term affordability of the mortgage 
retained pursuant to such activity or another 
positive outcome for the homeowner. No funds 
made available pursuant to this paragraph may 
be provided directly to lenders or homeowners 
to discharge outstanding mortgage balances or 
for any other direct debt reduction payments. 
(C) The use of mortgage foreclosure miti-
gation assistance by approved counseling inter-
mediaries and State Housing Finance Agencies 
shall involve a reasonable analysis of the bor-
rower’s financial situation, an evaluation of the 
current value of the property that is subject to 
the mortgage, counseling regarding the assump-
tion of the mortgage by another non-Federal 
party, counseling regarding the possible pur-
chase of the mortgage by a non-Federal third 
party, counseling and advice of all likely re-
structuring and refinancing strategies or the 
approval of a work-out strategy by all interested 
parties. 
(D) NRC may provide up to 15 percent of 
the total funds made available pursuant to this 
paragraph to its own charter members with ex-
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pertise in foreclosure prevention counseling, 
subject to a certification by NRC that the pro-
cedures for selection do not consist of any pro-
cedures or activities that could be construed as 
a conflict of interest or have the appearance of 
impropriety. 
(E) HUD-approved counseling entities and 
State Housing Finance Agencies receiving 
funds made available pursuant to this para-
graph shall have demonstrated experience in 
successfully working with financial institutions 
as well as borrowers facing default, delinquency, 
and foreclosure as well as documented coun-
seling capacity, outreach capacity, past success-
ful performance and positive outcomes with doc-
umented counseling plans (including post-mort-
gage foreclosure mitigation counseling), loan 
workout agreements, and loan modification 
agreements. NRC may use other criteria to 
demonstrate capacity in underserved areas. 
(F) Of the total amount made available 
pursuant to this paragraph, up to $250,000 
may be made available to build the mortgage 
foreclosure and default mitigation counseling 
capacity of counseling intermediaries through 
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NRC training courses with HUD-approved 
counseling intermediaries and their partners, 
except that private financial institutions that 
participate in NRC training shall pay market 
rates for such training. 
(G) Of the total amount made available 
pursuant to this paragraph, up to 5 percent 
may be used for associated administrative ex-
penses for NRC to carry out activities provided 
under this paragraph. 
(H) Mortgage foreclosure mitigation assist-
ance grants may include a budget for outreach 
and advertising, and training, as determined by 
NRC. 
(I) NRC shall report bi-annually to the 
House and Senate Committees on Appropria-
tions as well as the Senate Banking Committee 
and House Financial Services Committee on its 
efforts to mitigate mortgage default. 
(2) LEGAL ASSISTANCE.— 
(A) The Neighborhood Reinvestment Cor-
poration may make grants to counseling inter-
mediaries approved by HUD or the NRC to 
hire attorneys to assist homeowners who have 
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legal issues directly related to the homeowner’s 
foreclosure, delinquency, or short sale. 
(B) Such attorneys shall be capable of as-
sisting homeowners of owner-occupied homes 
with mortgages in default, in danger of default, 
or subject to or at risk of foreclosure and who 
have legal issues that cannot be handled by 
counselors already employed by such inter-
mediaries. 
(C) Grants under this paragraph may only 
be made to counseling intermediaries and legal 
organizations that (i) provide legal assistance in 
the 15 States with the highest rates of home 
mortgage defaults and foreclosures, as of Janu-
ary 1, 2018, and (ii) have the capacity to begin 
using the financial assistance within 90 days 
after receipt of the assistance. 
(D) No funds made available pursuant to 
this paragraph shall be used to provide, obtain, 
or arrange on behalf of a homeowner, legal rep-
resentation involving or for the purposes of civil 
litigation. 
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SEC. 7204. INCREMENTAL HOUSING CHOICE VOUCHER AS-
SISTANCE. 
(a) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated for each of fiscal years 2018 
through 2022 such sums as may be necessary to provide 
in each such fiscal year 20,000 incremental vouchers for 
rental assistance under section 8(o) of the United States 
Housing Act of 1937 (42 U.S.C. 1437f(o)). 
(b) ELIGIBLE PUBLIC HOUSING AGENCIES.—Any 
amounts appropriated pursuant to this section shall be 
used by the Secretary of Housing and Urban Development 
only to provide additional amounts for rental assistance 
vouchers for public housing agencies that administer 
10,000 or more vouchers for rental assistance under such 
section 8(o). 
SEC. 7205. EXTENSION OF PILOT PROGRAM. 
Section 258(d) of the National Housing Act (12 
U.S.C. 1715z–24(d)) is amended by striking ‘‘5-year’’ and 
inserting ‘‘14-year’’. 
Subtitle C—Financial Literacy 
SEC. 7301. DISCOUNT ON MORTGAGE INSURANCE PREMIUM 
PAYMENTS FOR FIRST-TIME HOMEBUYERS 
WHO COMPLETE FINANCIAL LITERACY HOUS-
ING COUNSELING PROGRAMS. 
The second sentence of subparagraph (A) of section 
203(c)(2) of the National Housing Act (12 U.S.C. 
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1709(c)(2)(A)) is amended by striking ‘‘not exceed 2.75 
percent of the amount of the original insured principal ob-
ligation of the mortgage’’ and inserting ‘‘be 25 basis 
points lower than the premium payment amount estab-
lished by the Secretary under the first sentence of this 
subparagraph’’. 
SEC. 7302. YOUNG AMERICANS FINANCIAL LITERACY. 
(a) FINDINGS.—The Congress finds as follows: 
(1) That 87 percent of Americans believe fi-
nance education should be taught in schools and 92 
percent of K–12 teachers believe that financial edu-
cation should be taught in school, but only 12 per-
cent of teachers actually teach the subject. 
(2) According to a 2016 survey, 1 in 3 States 
require high school students to take a personal fi-
nance course, and only 5 States require high school 
students to take a semester long personal finance 
course. 
(3) The percentage of Americans grading them-
selves with an A or B in personal finance knowledge 
has declined from 60 percent in 2013 to 56 percent 
in 2016. In 2016, 75 percent of Americans admitted 
they could benefit from additional advice and an-
swers to everyday financial questions from a profes-
sional. Most adults feel that their financial literacy 
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skills are inadequate, yet they do not rely on anyone 
else to handle their finances; they feel it is impor-
tant to know more but have received no financial 
education. 
(4) It is necessary to respond immediately to 
the pressing needs of individuals faced with the loss 
of their financial stability; however increased atten-
tion must also be paid to financial literacy education 
reform and long-term solutions to prevent future 
personal financial disasters. 
(5) Research-based financial literacy education 
programs are needed to reach individuals at all ages 
and socioeconomic levels, particularly those facing 
unique and challenging financial situations, such as 
high school graduates entering the workforce, soon- 
to-be and recent college graduates, young families, 
and to address the unique needs of military per-
sonnel and their families. 
(6) High school and college students who are 
exposed to cumulative financial education show an 
increase in financial knowledge, which in turn drives 
increasingly responsible behavior as they become 
young adults. 
(7) Sixty percent of parents identify their teens 
as ‘‘quick spenders’’, and most acknowledge they 
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could do a better job of teaching and preparing kids 
for the financial challenges of adulthood, including 
budgeting, saving, and investing. 
(8) The majority (52 percent) of young adults 
ages 23 through 28 consider ‘‘making better choices 
about managing money’’, the single most important 
issue for individual Americans to act on today. 
(9) According to the Government Accountability 
Office, giving Americans the information they need 
to make effective financial decisions can be key to 
their well-being and to the country’s economic 
health. The recent financial crisis, when many bor-
rowers failed to fully understand the risks associated 
with certain financial products, underscored the need 
to improve individuals’ financial literacy and em-
power all Americans to make informed financial de-
cisions. This is especially true for young people as 
they are earning their first paychecks, securing stu-
dent aid, and establishing their financial independ-
ence. Therefore, focusing economic education and fi-
nancial literacy efforts and best practices for young 
people ages 8 through 24 is of utmost importance. 
(b) AUTHORIZATION FOR FUNDING THE ESTABLISH-
MENT OF CENTERS OF EXCELLENCE IN FINANCIAL LIT-
ERACY EDUCATION.— 
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(1) IN GENERAL.—The Director of the Bureau 
of Consumer Financial Protection, in consultation 
with the Financial Literacy and Education Commis-
sion established under the Financial Literacy and 
Education Improvement Act, shall make competitive 
grants to and enter into agreements with eligible in-
stitutions to establish centers of excellence to sup-
port research, development and planning, implemen-
tation, and evaluation of effective programs in finan-
cial literacy education for young people and families 
ages 8 through 24 years old. 
(2) AUTHORIZED
ACTIVITIES.—Activities au-
thorized to be funded by grants made under para-
graph (1) shall include the following: 
(A) Developing and implementing com-
prehensive research based financial literacy edu-
cation programs for young people— 
(i) based on a set of core com-
petencies and concepts established by the 
Director, including goal setting, planning, 
budgeting, managing money or trans-
actions, tools and structures, behaviors, 
consequences, both long- and short-term 
savings, managing debt and earnings; and 
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(ii) which can be incorporated into 
educational settings through existing aca-
demic content areas, including materials 
that appropriately serve various segments 
of at-risk populations, particularly minority 
and disadvantaged individuals. 
(B) 
Designing 
instructional 
materials 
using evidence-based content for young families 
and conducting related outreach activities to 
address unique life situations and financial pit-
falls, including bankruptcy, foreclosure, credit 
card misuse, and predatory lending. 
(C) Developing and supporting the delivery 
of professional development programs in finan-
cial literacy education to assure competence and 
accountability in the delivery system. 
(D) Improving access to, and dissemina-
tion of, financial literacy information for young 
people and families. 
(E) Reducing student loan default rates by 
developing programs to help individuals better 
understand how to manage educational debt 
through sustained educational programs for col-
lege students. 
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(F) Conducting ongoing research and eval-
uation of financial literacy education programs 
to assure learning of defined skills and knowl-
edge, and retention of learning. 
(G) Developing research-based assessment 
and accountability of the appropriate applica-
tions of learning over short and long terms to 
measure effectiveness of authorized activities. 
(3) PRIORITY FOR CERTAIN APPLICATIONS.— 
The Director shall give a priority to applications 
that— 
(A) provide clear definitions of ‘‘financial 
literacy’’ and ‘‘financially literate’’ to clarify 
educational outcomes; 
(B) establish parameters for identifying 
the types of programs that most effectively 
reach young people and families in unique life 
situations and financial pitfalls, including bank-
ruptcy, foreclosure, credit card misuse, and 
predatory lending; 
(C) include content that is appropriate to 
age and socioeconomic levels; 
(D) develop programs based on educational 
standards, definitions, and research; 
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(E) include individual goals of financial 
independence and stability; and 
(F) establish professional development and 
delivery systems using evidence-based practices. 
(4) APPLICATION AND EVALUATION STANDARDS 
AND
PROCEDURES; DISTRIBUTION
CRITERIA.—The 
Director shall establish application and evaluation 
standards and procedures, distribution criteria, and 
such other forms, standards, definitions, and proce-
dures as the Director determines to be appropriate. 
(5) LIMITATION ON GRANT AMOUNTS.— 
(A) IN GENERAL.—The aggregate amount 
of grants made under this subsection during 
any fiscal year may not exceed $55,000,000. 
(B) TERMINATION.—No grants may be 
made under this subsection after the end of fis-
cal year 2019. 
(6) DEFINITIONS.—For purposes of this section 
the following definitions shall apply: 
(A) DIRECTOR.—The term ‘‘Director’’ 
means the Director of the Bureau of Consumer 
Financial Protection. 
(B) ELIGIBLE
INSTITUTION.—The term 
‘‘eligible institution’’ means a partnership of 
two or more of the following: 
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(i) Institution of higher education. 
(ii) Local educational agency. 
(iii) A nonprofit agency, organization, 
or association. 
(iv) A financial institution. 
(C) 
INSTITUTION
OF
HIGHER
EDU-
CATION.—The term ‘‘institution of higher edu-
cation’’ has the meaning given such term in 
section 101 of the Higher Education Act of 
1965 (20 U.S.C. 1001(a)). 
SEC. 7303. OFFICE FOR UNDER-BANKED AND UN-BANKED 
CONSUMERS. 
Section 1013 of the Consumer Financial Protection 
Act of 2010 (12 U.S.C. 5493) is amended by adding at 
the end the following: 
‘‘(i) OFFICE FOR UNDER-BANKED AND UN-BANKED 
CONSUMERS.— 
‘‘(1) ESTABLISHMENT.—Before the end of the 
90-day period beginning on the date of the enact-
ment of the subsection, the Bureau shall establish 
an Office for Under-Banked and Un-Banked Con-
sumers (hereinafter referred to as the ‘Office’), the 
functions of which shall include activities designed to 
better assess the reasons for the lack of, and help 
increase the participation of, under-banked and un- 
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banked consumers in the banking system, including 
the coordination with other Federal and State finan-
cial services agencies on this matter to ensure the 
most efficient and effective use of governmental re-
sources. 
‘‘(2) DUTIES.—The Office shall— 
‘‘(A) conduct research to identify any 
causes and challenges contributing to the deci-
sion of individuals who, and households that, 
choose not to initiate or maintain on-going and 
sustainable relationships with depository insti-
tutions, including consulting with trade associa-
tions representing minority depository institu-
tions, and organizations representing the inter-
ests of traditionally underserved consumers and 
communities, and organizations representing 
the interests of consumers, particularly low- 
and moderate-income individuals, civil rights 
groups, community groups, and consumer advo-
cates, about this matter; 
‘‘(B) identify best practices, develop and 
implement strategies to increase the participa-
tion of under-banked and un-banked consumers 
in the banking system; and 
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‘‘(C) submit a report to Congress, within 
two years of the establishment of the Office and 
annually thereafter, that identifies any factors 
impeding the ability to, or limiting the option 
for, individuals or households to have access to 
on-going and sustainable relationships with de-
pository institutions to meet their financial 
needs, discusses any regulatory, legal, or struc-
tural barriers to enhancing participation of 
under-banked and un-banked consumers with 
depository institutions, and contains regulatory 
and legislative recommendations to promote 
better participation for all consumers with the 
banking system.’’. 
Subtitle D—Housing Fairness 
SEC. 7401. TESTING FOR DISCRIMINATION. 
(a) IN GENERAL.—The Secretary of Housing and 
Urban Development shall conduct a nationwide program 
of testing to— 
(1) detect and document differences in the 
treatment of persons seeking to rent or purchase 
housing or obtain or refinance a home mortgage 
loan, and measure patterns of adverse treatment be-
cause of the race, color, religion, sex, familial status, 
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disability status, or national origin of a renter, home 
buyer, or borrower; and 
(2) measure the prevalence of such discrimina-
tory practices across the housing and mortgage lend-
ing markets as a whole. 
(b) ADMINISTRATION.—The Secretary of Housing 
and Urban Development shall enter into agreements with 
qualified fair housing enforcement organizations, as such 
organizations are defined under subsection (h) of section 
561 of the Housing and Community Development Act of 
1987 (42 U.S.C. 3616a(h)), for the purpose of conducting 
the testing required under subsection (a). 
(c) 
PROGRAM
REQUIREMENTS.—The 
Secretary 
shall— 
(1) submit to the Congress an evaluation by the 
Secretary of the effectiveness of the program under 
this section; and 
(2) issue regulations that require each applica-
tion for the program under this section to contain— 
(A) a description of the assisted activities 
proposed to be undertaken by the applicant; 
(B) a description of the experience of the 
applicant in formulating or carrying out pro-
grams to carry out the activities described in 
subsection (a); and 
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(C) a description of proposed procedures to 
be used by the applicant for evaluating the re-
sults of the activities proposed to be carried out 
under the program. 
(d) REPORT.—The Secretary of Housing and Urban 
Development shall report to Congress— 
(1) on a biennial basis, the aggregate outcomes 
of testing required under subsection (a) along with 
any recommendations or proposals for legislative or 
administrative action to address any issues raised by 
such testing; and 
(2) on an annual basis, a detailed summary of 
the messages received by the Office of Fair Housing 
and Equal Opportunity of the Department through 
its 24-hour toll-free telephone hotline, through elec-
tronic mail, and through its website. 
The Secretary may submit the reports required under 
paragraph (1) of this subsection as part of the reports 
prepared in accordance with paragraphs (2) and (6) of 
section 808(e) of the Fair Housing Act (42 U.S.C. 
3608(e)) and section 561(j) of the Housing and Commu-
nity Development Act of 1987 (42 U.S.C. 3616a(j)). 
(e) USE OF RESULTS.—The results of any testing re-
quired under subsection (a) may be used as the basis for 
the Secretary, or any Federal agency authorized to bring 
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such an enforcement action, or any State or local govern-
ment or agency, public or private nonprofit organization 
or institution, or other public or private entity that the 
Secretary has entered into a contract or cooperative agree-
ment with under section 561 of the Housing and Commu-
nity Development Act of 1987 (42 U.S.C. 3616a) to com-
mence, undertake, or pursue any investigation or enforce-
ment action to remedy any discriminatory housing practice 
(as such term is defined in section 802 of the Fair Hous-
ing Act (42 U.S.C. 3602)) uncovered as a result of such 
testing. 
(f) DEFINITIONS.—As used in this section: 
(1) DISABILITY STATUS.—The term ‘‘disability 
status’’ has the same meaning given the term 
‘‘handicap’’ in section 802 of the Civil Rights Act of 
1968 (42 U.S.C. 3602). 
(2) FAMILIAL STATUS.—The term ‘‘familial sta-
tus’’ has the same meaning given that term in sec-
tion 802 of the Civil Rights Act of 1968 (42 U.S.C. 
3602). 
(g) RELATIONSHIP TO OTHER LAWS.—Nothing in 
this section may be construed to amend, alter, or affect 
any provision of criminal law or the Truth in Lending Act 
(15 U.S.C. 1601 et seq.). 
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(h) REGULATIONS.—Not later than the expiration of 
the 180-day period beginning on the date of the enactment 
of this Act, the Secretary of Housing and Urban Develop-
ment shall issue regulations that establish minimum 
standards for the training of testers of organizations con-
ducting testing required under subsection (a). Such regu-
lations shall serve as the basis of an evaluation of such 
testers, which shall be developed by the Secretary, and 
such regulations shall be issued after notice and an oppor-
tunity for public comment in accordance with the proce-
dure under section 553 of title 5, United States Code, ap-
plicable to substantive rules (notwithstanding subsections 
(a)(2), (b)(3)(B), and (d)(3) of such section). 
(i) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out the provi-
sions of this section $15,000,000 for each of fiscal years 
2019 through 2023. 
SEC. 7402. INCREASE IN FUNDING FOR THE FAIR HOUSING 
INITIATIVES PROGRAM. 
(a) IN GENERAL.—Section 561 of the Housing and 
Community Development Act of 1987 (42 U.S.C. 3616a) 
is amended— 
(1) in subsection (b)— 
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(A) in paragraph (1), by inserting ‘‘quali-
fied’’ before ‘‘private nonprofit fair housing en-
forcement organizations,’’; and 
(B) in paragraph (2), by inserting ‘‘quali-
fied’’ before ‘‘private nonprofit fair housing en-
forcement organizations,’’; 
(2) by striking subsection (g) and inserting the 
following: 
‘‘(g) AUTHORIZATION OF APPROPRIATIONS.— 
‘‘(1) IN GENERAL.—There are authorized to be 
appropriated to carry out the provisions of this sec-
tion $42,500,000 for each of fiscal years 2019 
through 2023, of which— 
‘‘(A) not less than 75 percent of such 
amounts shall be for private enforcement initia-
tives authorized under subsection (b); 
‘‘(B) not more than 10 percent of such 
amounts shall be for education and outreach 
programs under subsection (d); and 
‘‘(C) any remaining amounts shall be used 
for program activities authorized under this sec-
tion. 
‘‘(2) AVAILABILITY.—Any amount appropriated 
under this section shall remain available until ex-
pended to carry out the provisions of this section.’’; 
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(3) in subsection (h), in the matter following 
subparagraph (C), by inserting ‘‘and meets the cri-
teria described in subparagraphs (A) and (C)’’ after 
‘‘subparagraph (B)’’; and 
(4) in subsection (d)— 
(A) in paragraph (1)— 
(i) in subparagraph (C), by striking 
‘‘and’’ at the end; 
(ii) in subparagraph (D), by striking 
the period and inserting ‘‘; and’’; and 
(iii) by adding after subparagraph (D) 
the following new subparagraph: 
‘‘(E) websites and other media outlets.’’; 
(B) in paragraph (2), by striking ‘‘or other 
public or private entities’’ and inserting ‘‘or 
other public or private nonprofit entities’’; and 
(C) in paragraph (3), by striking ‘‘or other 
public or private entities’’ and inserting ‘‘or 
other public or private nonprofit entities’’. 
(b) REGULATIONS.—Not later than the expiration of 
the 180-day period beginning on the date of the enactment 
of this Act, the Secretary of Housing and Urban Develop-
ment shall issue regulations that establish minimum 
standards for the training of testers of organizations fund-
ed with any amounts made available to carry out this sec-
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tion for any of fiscal years 2015 through 2019. Such regu-
lations shall serve as the basis of an evaluation of such 
testers, which shall be developed by the Secretary, and 
shall be issued after notice and an opportunity for public 
comment in accordance with the procedure under section 
553 of title 5, United States Code, applicable to sub-
stantive 
rules 
(notwithstanding 
subsections 
(a)(2), 
(b)(3)(B), and (d)(3) of such section). 
SEC. 7403. SENSE OF CONGRESS. 
It is the sense of Congress that the Secretary of 
Housing and Urban Development should— 
(1) fully comply with the requirements of sec-
tion 561(d) of the Housing and Community Develop-
ment Act of 1987 (42 U.S.C. 3616a(d)) to establish, 
design, and maintain a national education and out-
reach program to provide a centralized, coordinated 
effort for the development and dissemination of the 
fair housing rights of individuals who seek to rent, 
purchase, sell, or facilitate the sale of a home; 
(2) expend for such education and outreach 
programs all amounts appropriated for such pro-
grams; 
(3) promulgate regulations regarding the fair 
housing obligations of each recipient of Federal 
housing and community development funds to af-
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firmatively further fair housing, as that term is de-
fined under title VIII of the Civil Rights Act of 
1968 (42 U.S.C. 3601 et seq.); and 
(4) fully comply with the requirements of sec-
tion 810(a) of the Fair Housing Act (42 U.S.C. 
3610(a)). 
SEC. 7404. GRANTS TO PRIVATE ENTITIES TO STUDY HOUS-
ING DISCRIMINATION. 
(a) GRANT PROGRAM.—The Secretary of Housing 
and Urban Development shall carry out a competitive 
matching grant program to assist public and private non-
profit organizations in— 
(1) conducting comprehensive studies that ex-
amine— 
(A) the causes of housing discrimination 
and segregation; 
(B) the effects of housing discrimination 
and segregation on education, poverty, and eco-
nomic development; or 
(C) the incidences, causes, and effects of 
housing discrimination and segregation on vet-
erans and military personnel; and 
(2) implementing pilot projects that test solu-
tions that will help prevent or alleviate housing dis-
crimination and segregation. 
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(b) ELIGIBILITY.—To be eligible to receive a grant 
under this section, a public or private nonprofit organiza-
tion shall— 
(1) submit an application to the Secretary of 
Housing and Urban Development, containing such 
information as the Secretary shall require; 
(2) agree to provide matching non-Federal 
funds for 50 percent of the total amount of the 
grant, which matching funds may include items do-
nated on an in-kind contribution basis; and 
(3) meet the requirements of a qualified fair 
housing enforcement organization, as such term is 
defined in section 561(h) of the Housing and Com-
munity Development Act of 1987 (42 U.S.C. 
3616a(h)), or subcontract with a qualified fair hous-
ing enforcement organization as a primary subcon-
tractor. 
(c) REPORT.—The Secretary of Housing and Urban 
Development shall submit a report to the Congress on a 
biennial basis that provides a detailed summary of the re-
sults of the comprehensive studies and pilot projects car-
ried out under subsection (a), together with any rec-
ommendations or proposals for legislative or administra-
tive actions to address any issues raised by such studies. 
The Secretary may submit the reports required under this 
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subsection as part of the reports prepared in accordance 
with paragraphs (2) and (6) of section 808(e) of the Fair 
Housing Act (42 U.S.C. 3608(e)) and section 561(j) of 
the Housing and Community Development Act of 1987 
(42 U.S.C. 3616a(j)). 
(d) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out the provi-
sions of this section $5,000,000 for each of fiscal years 
2019 through 2023. 
SEC. 7405. LIMITATION ON USE OF FUNDS. 
None of the funds made available under this Act, or 
the amendments made by this Act, may be used for any 
political activities, political advocacy, or lobbying (as such 
terms are defined by Circular A–122 of the Office of Man-
agement and Budget, entitled ‘‘Cost Principles for Non- 
Profit Organizations’’), or for expenses for travel to en-
gage in political activities or preparation of or provision 
of advice on tax returns. 
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TITLE VIII—EDUCATION 
Subtitle A—Elementary and 
Secondary Education 
PART 1—SUPPORTING PROMISE 
NEIGHBORHOODS 
SEC. 8001. PURPOSE. 
The purpose of this part is to significantly improve 
academic outcomes, including school readiness, high school 
graduation, and college entry and success of children liv-
ing in our Nation’s most distressed neighborhoods, by 
using data-driven decisionmaking and existing external re-
sources to provide children in such neighborhoods with ac-
cess to a community-based continuum of high-quality pipe-
line services that include access to early learning opportu-
nities, high-quality schools, and best available evidence 
that address the needs of such children from birth through 
college and career. 
SEC. 8002. DEFINITIONS. 
In this part: 
(1) IN
GENERAL.—Except as otherwise pro-
vided, the terms used in this part have the meanings 
given the terms in section 8101 of the Elementary 
and Secondary Education Act of 1965 (20 U.S.C. 
7801). 
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(2) CHILD.—The term ‘‘child’’ means an indi-
vidual from birth through age 21. 
(3) COLLEGE AND CAREER READINESS.—The 
term ‘‘college and career readiness’’ means the level 
of preparation a student needs in order to— 
(A) enroll and succeed, without remedi-
ation, in credit-bearing courses at an institution 
of higher education; 
(B) demonstrate the full range of knowl-
edge and perform the full range of workplace 
skills necessary to succeed and advance in 21st 
century careers, such as higher-order thinking, 
collaboration and teamwork, and oral and writ-
ten communication skills; and 
(C) complete a program leading to an in-
dustry-recognized credential that prepares grad-
uates to obtain employment with family-sus-
taining wages and opportunities for advance-
ment. 
(4) COMMUNITY
OF
PRACTICE.—The term 
‘‘community of practice’’ means a group of entities 
that interact regularly to share best practices to ad-
dress one or more persistent problems, or improve 
practice with respect to such problems, in one or 
more neighborhoods. 
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(5) EXPANDED
LEARNING
TIME.—The term 
‘‘expanded learning time’’ means using a longer 
school day, week, or year schedule to significantly 
increase the total number of school hours to include 
additional time for— 
(A) instruction in core academic subjects; 
(B) instruction in other subjects and en-
richment and other activities that contribute to 
a well-rounded education, including music and 
the arts, physical education, service-learning, 
and experiential and work-based learning oppor-
tunities (such as community service, learning 
apprenticeships, internships, and job shad-
owing); and 
(C) instructional and support staff to col-
laborate, plan, and engage in professional devel-
opment, including on family and community en-
gagement, within and across grades and sub-
jects. 
(6) FAMILY AND COMMUNITY ENGAGEMENT.— 
The term ‘‘family and community engagement’’ 
means the process of engaging family and commu-
nity members in education meaningfully and at all 
stages of the planning, implementation, and school 
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and neighborhood improvement process, including, 
at a minimum— 
(A) disseminating a clear definition of the 
neighborhood to the members of the neighbor-
hood; 
(B) ensuring representative participation 
by the members of such neighborhood in the 
planning and implementation of the activities of 
each grant awarded under this part; 
(C) regular engagement by the eligible en-
tity and the partners of the eligible entity with 
family members and community partners; 
(D) the provision of strategies and prac-
tices to assist family and community members 
in actively supporting student achievement and 
child and youth development; and 
(E) collaboration with institutions of high-
er education and employers to align expecta-
tions and programming with college and career 
readiness. 
(7) FAMILY
AND
STUDENT
SUPPORTS.—The 
term ‘‘family and student supports’’ includes— 
(A) health programs (including both men-
tal health and physical health services); 
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(B) school-, public-, and child-safety pro-
grams; 
(C) programs that improve family stability; 
(D) employment programs (including those 
that meet local business needs, such as intern-
ships and externships); 
(E) social service programs; 
(F) legal aid programs; 
(G) financial education programs; 
(H) adult education and family literacy 
programs; 
(I) family and community engagement pro-
grams; and 
(J) programs that increase access to learn-
ing technology and enhance the digital literacy 
skills of students. 
(8) FAMILY MEMBER.—The term ‘‘family mem-
ber’’ means a parent (as defined in section 8101 the 
Elementary and Secondary Education Act of 1965 
(20 U.S.C. 7801)), relative, or other adult who is re-
sponsible for the education, care, and well-being of 
a child. 
(9) INTEGRATED
STUDENT
SUPPORTS.—The 
term ‘‘integrated student supports’’ means services, 
supports, and community resources, which shall be 
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offered through a site coordinator for at-risk stu-
dents, that have been shown by evidence-based re-
search— 
(A) to increase academic achievement and 
engagement; 
(B) to support positive child and youth de-
velopment; and 
(C) to increase student preparedness for 
success in college and the workforce. 
(10) NEIGHBORHOOD.—The term ‘‘neighbor-
hood’’ means a defined geographical area in which 
there are multiple signs of distress, demonstrated by 
indicators of need, including poverty, childhood obe-
sity rates, academic failure, and rates of juvenile de-
linquency, adjudication, or incarceration. 
(11) PIPELINE.—The term ‘‘pipeline’’ means a 
continuum of supports and services (including pipe-
line services, as defined in this part) for children 
from birth through college entry, college success, 
and career attainment. 
(12) PIPELINE SERVICES.—The term ‘‘pipeline 
services’’ includes, at a minimum, strategies to ad-
dress through services or programs (including inte-
grated student supports and wraparound services) 
the following: 
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(A) Prenatal education and support for ex-
pectant parents. 
(B) High-quality early learning opportuni-
ties. 
(C) High-quality schools and out-of-school- 
time programs and strategies. 
(D) Support for a child’s transition to ele-
mentary school, between elementary school and 
middle school, from middle school to high 
school, and from high school into and through 
college and into the workforce. 
(E) Family and community engagement. 
(F) Family and student supports. 
(G) Activities that support college and ca-
reer readiness, such as— 
(i) assistance with college admissions, 
financial aid, and scholarship applications, 
especially for low-income and low-achieving 
students; and 
(ii) career preparation services and 
supports. 
(H) Neighborhood-based support for col-
lege-age students who have attended the schools 
in the pipeline, or students who are members of 
the community, facilitating their continued con-
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nection to the community and success in college 
and the workforce. 
Subpart A—Promise Neighborhood Partnership 
Grants 
SEC. 8011. PROGRAM AUTHORIZED. 
(a) IN
GENERAL.—From amounts appropriated 
under section 8024, the Secretary shall award grants, on 
a competitive basis, to eligible entities to implement a com-
prehensive, evidence-based pipeline that engages commu-
nity partners to improve academic achievement, student 
development, and college and career readiness, measured 
by common outcomes, by carrying out the activities de-
scribed in section 8014 in neighborhoods with high con-
centrations of low-income individuals and persistently low- 
achieving schools or schools with an achievement gap. 
(b) DURATION.— 
(1) IN GENERAL.—Grants awarded under this 
subpart shall be for a period of not more than 5 
years. 
(2) RENEWAL.—The Secretary may renew 
grants under this subpart for an additional period of 
not more than 5 years, if an eligible entity dem-
onstrates significant success in— 
(A) ensuring school readiness, including 
success in early learning; 
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(B) improving academic outcomes, includ-
ing academic achievement and graduation rates; 
(C) increasing college and career readiness, 
including rates of enrollment in institutions of 
higher education; and 
(D) improving the health, mental health, 
and social and emotional well-being of children. 
(c) CONTINUED FUNDING.—Continued funding after 
the third year of the grant period shall be contingent on 
the eligible entity’s progress toward meeting the perform-
ance metrics described in section 8016(a). 
(d) MATCHING REQUIREMENT.— 
(1) IN GENERAL.—Each eligible entity receiving 
a grant under this subpart shall contribute matching 
funds in an amount equal to not less than 100 per-
cent of the amount of the grant. 
(2) PRIVATE FUNDS.—A portion of such funds 
shall come from private, nongovernmental sources as 
follows: 
(A) An eligible entity that includes a local 
educational agency eligible to receive funding 
under subpart 1 or 2 of part B of title V of the 
Elementary and Secondary Education Act of 
1965 (20 U.S.C. 7345 et seq.)— 
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(i) shall contribute not less than 10 
percent of the amount of the grant from 
private, nongovernmental sources; and 
(ii) shall increase this portion gradu-
ally over the life of the grant until it 
equals or exceeds 15 percent of the amount 
of the grant. 
(B) An eligible entity that includes an In-
dian tribe or tribal organization, as defined 
under section 4 of the Indian Self-Determina-
tion and Education Assistance Act (25 U.S.C. 
450b)— 
(i) shall contribute not less than 10 
percent of the amount of the grant from 
private, nongovernmental sources; and 
(ii) shall increase this portion gradu-
ally over the life of the grant until it 
equals or exceeds 15 percent of the amount 
of the grant. 
(C) An eligible entity not described in sub-
paragraph (A) or (B)— 
(i) shall contribute not less than 10 
percent of the amount of the grant from 
private, nongovernmental sources; and 
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(ii) shall increase this portion gradu-
ally over the life of the grant until it 
equals or exceeds 25 percent of the amount 
of the grant. 
(e) FINANCIAL HARDSHIP WAIVER.—The Secretary 
may waive or reduce the matching requirement described 
in subsection (d) if the eligible entity demonstrates a need 
due to significant financial hardship. 
SEC. 8012. ELIGIBLE ENTITIES. 
In this subpart, the term ‘‘eligible entity’’ means a 
nonprofit entity acting as the lead applicant for a grant 
under this subpart in partnership with a local educational 
agency. Such partnership may also include any of the fol-
lowing entities: 
(1) An institution of higher education, as de-
fined in section 102 of the Higher Education Act of 
1965 (20 U.S.C. 1002). 
(2) The office of a chief elected official of a unit 
of local government. 
(3) An Indian tribe or tribal organization, as 
defined under section 4 of the Indian Self-Deter-
mination and Education Assistance Act (25 U.S.C. 
450b). 
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SEC. 8013. APPLICATION REQUIREMENTS. 
(a) IN GENERAL.—To be eligible to receive a grant 
under this subpart, an eligible entity shall submit an appli-
cation to the Secretary at such time, in such manner, and 
containing such information as the Secretary may require. 
(b) CONTENTS OF APPLICATION.—At a minimum, an 
application described in subsection (a) shall include the 
following: 
(1) A description of a plan to significantly im-
prove the academic outcomes of children living in an 
identified neighborhood by providing a pipeline that 
addresses the neighborhood’s needs, as identified by 
the needs analysis described in paragraph (4) and 
supported by evidence-based practices. 
(2) A description of the neighborhood that the 
eligible entity will serve. 
(3) Measurable annual goals for the outcomes 
of the grant, including— 
(A) performance goals, in accordance with 
the metrics described in section 8016(a), for 
each year of the grant; and 
(B) projected participation rates and any 
plans to expand the number of children served 
or the neighborhood proposed to be served by 
the grant program. 
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(4) An analysis of the needs and assets of the 
neighborhood identified in paragraph (2), includ-
ing— 
(A) a description of the process through 
which the needs analysis was produced, includ-
ing a description of how family and community 
members were engaged in such analysis; 
(B) an analysis of community assets with-
in, or accessible to, the neighborhood, including, 
at a minimum— 
(i) early learning programs, including 
high-quality child care, Early Head Start 
programs, Head Start programs, and pre-
kindergarten programs; 
(ii) the availability of healthy food op-
tions and opportunities for physical activ-
ity; 
(iii) existing family and student sup-
ports; 
(iv) locally owned businesses and em-
ployers; and 
(v) institutions of higher education; 
(C) evidence of successful direct services 
and collaboration within the neighborhood; 
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(D) the steps that the eligible entity is tak-
ing, at the time of the application, to meet the 
needs identified in the needs analysis; and 
(E) any barriers the eligible entity, public 
agencies, and other community-based organiza-
tions have faced in meeting such needs. 
(5) A description of the data and evidence base 
used to identify the pipeline services to be provided, 
including data regarding— 
(A) school readiness; 
(B) academic achievement and college and 
career readiness; 
(C) secondary school graduation rates; 
(D) health indicators, such as rates of 
childhood obesity or other health and develop-
mental risk factors; 
(E) college enrollment, persistence, and 
completion rates; and 
(F) conditions for learning, including 
school climate surveys, discipline rates, and stu-
dent attendance and incident data. 
(6) A description of the process used to develop 
the application, including the involvement of family 
and community members. 
(7) An estimate of— 
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(A) the number of children, by age, who 
will be served by each pipeline service over time; 
and 
(B) for each age group, the percentage of 
children (of such age group), within the neigh-
borhood, who the eligible entity proposes to 
serve, disaggregated by each service, and the 
goals for increasing such percentage over time. 
(8) A description of how the pipeline services 
will include the following activities: 
(A) Providing high-quality early learning 
opportunities for children, beginning prenatally 
and extending through grade 3, by— 
(i) establishing or supporting high- 
quality early learning opportunities that 
provide children with full-day, full-year ac-
cess to programs that support the cognitive 
and developmental skills, including social 
and emotional skills, needed for success in 
elementary school; 
(ii) 
providing 
for 
opportunities, 
through parenting classes, baby academies, 
home visits, or other evidence-based strate-
gies, for families and expectant parents 
to— 
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