summary
Introduced
04/27/2017
04/27/2017
In Committee
04/27/2017
04/27/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Social Impact Partnerships to Pay for Results Act This bill allows the Department of the Treasury to enter into agreements with state and local governments for social-impact partnership projects for which federal funds shall be awarded only if a project achieves certain agreed-upon outcomes resulting in both social benefit and federal savings. In carrying out these agreements, Treasury must consult with the Federal Interagency Council on Social Impact Partnerships and the Commission on Social Impact Partnerships (both newly established by the bill). Treasury may transfer to another federal agency the authority to administer the agreements. At least 50% of all federal payments made under such agreements must be used for initiatives that directly benefit children. The Government Accountability Office shall evaluate, and report to Congress on, social-impact partnerships funded under the bill.
AI Summary
This bill allows the Department of the Treasury to enter into agreements with state and local governments for social-impact partnership projects. Under these agreements, federal funds will only be awarded if the project achieves certain agreed-upon outcomes that result in both social benefit and federal savings. The bill establishes a Federal Interagency Council on Social Impact Partnerships and a Commission on Social Impact Partnerships to help implement and oversee these projects. At least 50% of federal payments must be used for initiatives that directly benefit children. The Government Accountability Office will evaluate and report to Congress on the social-impact partnerships funded under this bill.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Read twice and referred to the Committee on Finance. (on 04/27/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/963/all-info |
| BillText | https://www.congress.gov/115/bills/s963/BILLS-115s963is.pdf |
| Bill | https://www.congress.gov/115/bills/s963/BILLS-115s963is.pdf.pdf |
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