American Community Renewal and New Markets Empowerment Act
Latest action. Read twice and referred to the Committee on Finance.
American Community Renewal and New Markets Empowerment Act - Amends the Internal Revenue Code, the National Housing Act, the Small Business Investment Act, the Public Health Service Act and other acts to provide incentives for low- and moderate-income community development. Provides for the designation of and tax incentives for renewal communities. Provides that the designations shall be based on degree of poverty. Provides a credit for computer donations to schools, senior centers, public libraries and other training centers located in a renewal community, empowerment zone, Indian reservation, or a defined low-income community. Provides for the designation of additional empowerment zones and increased empowerment zone tax incentives. Permits a religious organization to receive Federal funding through the Substance Abuse and Mental Health Services Administration. Prohibits funding discrimination against such an organization so long as its program is implemented in a manner consistent with the Establishment Clause of the first amendment to the Constitution. Provides for the transfer of unoccupied and substandard HUD housing to local governments and community development corporations. Authorizes the licensing of community development entities as America's Private Investment Companies which shall promote community and economic development in low-income communities. Establishes a new markets tax credit with respect to specified qualified low-income community investments. Establishes a New Markets Capital Venture Program to encourage venture capital investment in smaller enterprises located in low- and moderate-income urban and rural areas. Provides for bond volume cap and low-income housing credit increases. Provides for the establishment of Individual Development Accounts and Individual Development Account Programs to provide for the accumulation of assets in low-income communities to used to promote education, homeownership, family, community, and business development. Requires the Federal Government, or a State or local government, to consider a religious organization's assistance program on the same basis as other nongovernmental organizations in the distribution of Federal funds so long as the religious organization's assistance program provides assistance in a manner consistent with the Establishment Clause of the first amendment to the Constitution.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on June 22, 2000. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on June 22, 2000: Read twice and referred to the Committee on Finance.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 106th Congress (1999-00), 580 of the 9,158 bills and joint resolutions introduced became law, about 6.3 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
RICK SANTORUM (R-PA) introduced it on June 22, 2000, and 8 members have since signed on as cosponsors.
They come from both major parties: 4 Democrats, 4 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on June 22, 2000, 9576 days ago. The most recent recorded action was 9576 days ago, on June 22, 2000.
Measures do not carry over. Anything the 106th Congress has not finished by January 3, 2001 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers