Social Impact Partnership Act
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S 1089 — Social Impact Partnership Act
Last action — Read twice and referred to the Committee on Finance.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Social Impact Partnership Act Amends title XX (Block Grants to States for Social Services and Elder Justice) of the Social Security Act to add a new part C (Social Impact Partnerships). Requires the Secretary of the Treasury to publish in the Federal Register a request for proposals from states or local governments for social impact partnership projects which produce a measurable, clearly defined outcome that results in social benefit, such as employment for the unemployed, high school graduation, and reduction of teen and unplanned pregnancies as well as incidences and adverse consequences of child abuse and neglect. Requires applications to include a feasibility study, funded under this Act, which contains specified information. Requires the Secretary to decide whether to enter into such a contract within six months after receiving an application. Requires independent evaluation to determine whether the state or local government project has met an outcome specified in the contract in order for such governments to receive outcome payments. Establishes the Federal Interagency Council on Social Impact Partnerships. Makes appropriations for 10 years to carry out this Act. Authorizes the Government Accountability Office to audit the social impact partnership project activities of any state, local, government, or nongovernment entity that receives funds under this Act. Amends the Community Reinvestment Act of 1977 to require the appropriate federal financial supervisory agency to consider, in assessing and taking into account the record of a financial institution in meeting the credit needs of its entire community, its investments in social impact partnership projects.
Bill Text
We don't have the full text on file for this bill yet.
Read S 1089 on the official United States source →Action History
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Read twice and referred to the Committee on Finance.
Sponsors
- Orrin Hatch · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does S 1089 do?
- Social Impact Partnership Act Amends title XX (Block Grants to States for Social Services and Elder Justice) of the Social Security Act to add a new part C (Social Impact Partnerships). Requires the Secretary of the Treasury to publish in the Federal Register a request for proposals from states or local governments for social impact partnership projects which produce a measurable, clearly defined outcome that results in social benefit, such as employment for the unemployed, high school graduation, and reduction of teen and unplanned pregnancies as well as incidences and adverse consequences of child abuse and neglect. Requires applications to include a feasibility study, funded under this Act, which contains specified information. Requires the Secretary to decide whether to enter into such a contract within six months after receiving an application. Requires independent evaluation to determine whether the state or local government project has met an outcome specified in the contract in order for such governments to receive outcome payments. Establishes the Federal Interagency Council on Social Impact Partnerships. Makes appropriations for 10 years to carry out this Act. Authorizes the Government Accountability Office to audit the social impact partnership project activities of any state, local, government, or nongovernment entity that receives funds under this Act. Amends the Community Reinvestment Act of 1977 to require the appropriate federal financial supervisory agency to consider, in assessing and taking into account the record of a financial institution in meeting the credit needs of its entire community, its investments in social impact partnership projects.
- Who sponsors S 1089?
- S 1089 is sponsored by Orrin Hatch (R).
- What is the current status of S 1089?
- This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track S 1089?
- Track S 1089 free on One Click Politics — get push/email alerts when it moves.
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