S. 3845: National Opportunity and Community Renewal Act

111th Congress · introduced 2010-09-27 · Social Welfare · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2010-09-27 · official record
Who proposed it: Sen. Casey, Robert P., Jr. [D-PA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Opportunity and Community Renewal Act

Plain summary

National Opportunity and Community Renewal Act - Establishes a bipartisan, independent National Opportunity Board (NOB) to administer the National Competition for Community Renewal. Requires the chief elected official of an eligible area, to be eligible to receive funds under this Act, to establish a Local Opportunity Board (LOB) to submit to the NOB a detailed Local Opportunity Plan for spending any funds approved under the National Competition. Directs the NOB to develop guidelines for establishment of a five-year National Competition for Community Renewal for the award of competitive grants, targeted waivers, and targeted tax incentives. Requires the LOB for a qualified area, to be eligible to receive assistance, to establish a local opportunity fund. Directs the NOB to award competitive grants to qualified areas that meet criteria it has established. Requires the NOB to develop guidelines for establishment of individual opportunity plans consisting of: (1) an assessment of an individual's unique strengths and needs and identification of services appropriate to meet such needs; and (2) a written individualized opportunity plan developed by a multidisciplinary team. Requires each LOB to implement a method to calculate the present dollar value of the total federal and state funds saved by the LOB (community renewal savings) for individuals successfully assisted through its Local Opportunity Plan. Requires allocation of community renewal savings for public deficit reduction, community tax incentives, and funding and expansion of programs and services. Allows a current business federal income tax credit under the Internal Revenue Code of $3,000 with respect to each retained worker, meeting certain criteria, who is employed by a qualified opportunity employer. Allows during the program period: (1) an unrelated business deduction from taxable income of 25% for any community renewal expenditure; (2) a charitable deduction of 120% of any qualified community renewal contribution; (3) a high school graduation tax credit of $500; and (4) treatment of a qualified area under this Act as a low-income community for new markets tax credit and earned income tax credit purposes. Increases the charitable contribution deduction limitation. Authorizes the NOB, acting through the LOBs, to act on behalf of the Secretary of the Treasury to issue and sell community renewal bonds in face value increments of $100 up to a maximum amount of $50 million, with a coupon rate of 25%, to assist the financing of Local Opportunity Plans. Makes it unlawful for any person to: (1) claim a community renewal incentive who does not meet specified requirements; and (2) use funds appropriated under this Act for any purpose for which they were not authorized. Authorizes the NOB to establish: (1) a program to award competitive $5 million grants for development of a client advocacy and consumer services technology platform; and (2) a separate program to award competitive $5 million grants for development of a social services evaluation method.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

National Opportunity and Community Renewal Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Casey, Robert P., Jr. [D-PA] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Maria Cantwell (D-WA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111s3845.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/s>

Record fed-us-cong111-s3845 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111