ponent to promote and support the transition to in-
creased economic self-sufficiency.’’. 
SEC. 3. SENSE OF CONGRESS. 
It is the sense of Congress that a qualified entity con-
ducting a demonstration project under the Assets for 
Independence Act (42 U.S.C. 604 note) should, to the 
maximum extent practicable, increase— 
(1) the rate at which the entity matches con-
tributions by individuals participating in the project 
under section 410(a)(1) of such Act; or 
(2) the number of individuals participating in 
the project. 
SEC. 4. DEFINITIONS. 
Section 404 is amended— 
(1) by amending paragraph (4) to read as fol-
lows: 
‘‘(4) 
HOUSEHOLD.—The 
term 
‘household’ 
means an individual or group of individuals who live 
in a single residence. Multiple households may share 
a single residence.’’; 
(2) in paragraph (5)(A)— 
(A) by striking clause (iii); 
(B) by redesignating clauses (iv) through 
(vi) as clauses (iii) through (v), respectively; 
and 
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS
(C) in clause (iv), as redesignated by sub-
paragraph (B), by striking ‘‘clause (vi)’’ and in-
serting ‘‘clause (v)’’; 
(3) in paragraph (7)(A)— 
(A) by amending clause (ii) to read as fol-
lows: 
‘‘(ii) a State or local government 
agency (or a public housing agency, as de-
fined in section 3(b)(6) of the United 
States Housing Act of 1937 (42 U.S.C. 
1437a(b)(6))) or a tribal government (or a 
tribally designated housing entity, as de-
fined in section 4(22) of the Native Amer-
ican Housing Assistance and Self-Deter-
mination 
Act 
of 
1996 
(25 
U.S.C. 
4103(22)));’’; and 
(B) by striking clause (iii) and inserting 
the following: 
‘‘(iii) a credit union designated as a 
low-income credit union by the National 
Credit Union Administration (NCUA); or 
‘‘(iv) an organization designated as a 
community development financial institu-
tion by the Secretary of the Treasury (or 
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS
the Community Development Financial In-
stitutions Fund).’’; and 
(4) in paragraph (8)— 
(A) in subparagraph (A)— 
(i) in the first sentence— 
(I) by inserting ‘‘of an eligible in-
dividual or the dependent of an eligi-
ble individual (as such term is used in 
subparagraph (E)(ii))’’ after ‘‘ex-
penses’’; and 
(II) by inserting ‘‘, or to a vendor 
pursuant to an education purchase 
plan approved by a qualified entity’’ 
before the period; 
(ii) in clause (i)— 
(I) in subclause (II), by inserting 
‘‘or for courses described in subclause 
(III)’’ after ‘‘eligible educational insti-
tution’’; and 
(II) by adding at the end the fol-
lowing new subclauses: 
‘‘(III) 
PREPARATORY 
COURSES.—Preparatory courses for 
an examination required for admission 
to an eligible educational institution, 
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS
for successful performance at an eligi-
ble educational institution, or for a 
professional licensing or certification 
examination. 
‘‘(IV) ROOM
AND
BOARD
AND 
TRANSPORTATION.—Room and board 
and transportation, including com-
muting expenses, necessary to enable 
attendance at courses of instruction at 
an eligible educational institution or 
attendance at courses described in 
subclause (III).’’; 
(iii) by amending clause (ii) to read as 
follows: 
‘‘(ii) ELIGIBLE EDUCATIONAL INSTI-
TUTION.—The term ‘eligible educational 
institution’ means— 
‘‘(I) an institution described in 
section 101 or 102 of the Higher 
Education Act of 1965 (20 U.S.C. 
1001, 1002); or 
‘‘(II) an area career and tech-
nical education school, as defined in 
section 3(3) of the Carl D. Perkins 
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS
Career and Technical Education Act 
of 2006 (20 U.S.C. 2302(3)).’’; and 
(iv) by adding at the end the following 
new clause: 
‘‘(iii) EDUCATION PURCHASE PLAN.— 
The term ‘education purchase plan’ means 
a plan— 
‘‘(I) for the purchase of items or 
services described in subclauses (II) 
through (IV) of clause (i) from enti-
ties other than eligible educational in-
stitutions; 
‘‘(II) that includes a description 
of the items or services to be pur-
chased; and 
‘‘(III) that includes such infor-
mation as a qualified entity may re-
quest from the eligible individual in-
volved regarding the necessity of the 
items or services to a course of study 
at an eligible educational institution 
or a course described in clause 
(i)(III).’’; 
(B) in subparagraph (B)— 
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS
(i) by amending clause (i) to read as 
follows: 
‘‘(i) 
PRINCIPAL
RESIDENCE.—The 
term ‘principal residence’ means a main 
residence the qualified acquisition costs of 
which do not exceed 120 percent of the 
median house price in the area, as deter-
mined by the Secretary of Housing and 
Urban Development for purposes of section 
203(b) of the National Housing Act (12 
U.S.C. 1709(b)) for a residence occupied 
by a number of families that corresponds 
to the number of households occupying the 
residence involved.’’; and 
(ii) in clause (iii)— 
(I) by amending subclause (I) to 
read as follows: 
‘‘(I) IN
GENERAL.—Subject to 
subclause (II), the term ‘qualified 
first-time homebuyer’ means an indi-
vidual participating in the project in-
volved who— 
‘‘(aa) has no sole present 
ownership interest in a principal 
residence during the 3-year pe-
VerDate Sep 11 2014 
23:43 Aug 05, 2015
Jkt 049200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H3367.IH
H3367
rfrederick on DSK6VPTVN1PROD with BILLS