Description:
H.R. 5170 would amend title IV of the Social Security Act to provide funding to states and local governments to support partnership projects. Such projects would have to identify a social problem that states or localities hope to address, such as improving high school graduation rates or increasing employment among recipients of disability benefits. Furthermore, the projects would have to be designed by states or localities to produce measurable goals. The legislation also would establish the Federal Interagency Council on Social Impact Partnerships and the Commission on Social Impact Partnerships to assist the Department of the Treasury in implementing the projects. Finally, H.R. 5170 would reserve $100 million of the $608 million already appropriated for the Temporary Assistance for Needy Families (TANF) contingency fund in 2017 to support the partnership projects.
CBO estimates that enacting this legislation would reduce direct spending, on net, by $10 million over the 2017-2026 period. Because enacting the legislation would affect direct spending, pay-as-you-go procedures apply. Enacting H.R. 5170 would not affect revenues. CBO estimates that enacting H.R. 5170 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
H.R. 5170 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA).
