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HR 4885 113th Congress House

Social Impact Bond Act

Official title: To encourage and support partnerships between the public and private sectors to improve our nation's social programs, and for other purposes.

Introduced: June 19, 2014 Introduced by: Young, Todd Republican · Indiana See on congress.gov
Social Welfare Academic performance and assessmentsAdoption and foster careAdvisory bodiesBanking and financial institutions regulation
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Cardiovascular and respiratory healthChild care and developmentCrime preventionDigestive and metabolic diseasesDisability and paralysisDomestic violence and child abuseElementary and secondary educationEmployment and training programsExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsHealth promotion and preventive careIntergovernmental relationsPerformance measurementPoverty and welfare assistancePublic contracts and procurementPublic-private cooperationSecuritiesSex and reproductive healthState and local government operationsTeenage pregnancyUnemploymentWages and earningsYouth employment and child labor
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2014
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 18, 2014
Introduced in House
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 Latest action June 18, 2014

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Social Impact Bond 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 Bonds).

Requires the Secretary of the Treasury to seek proposals from states or local governments for social impact bond projects which produce measurable, clearly defined outcomes that result in social benefit, such as employment for the unemployed, high school graduation, and reduction of teen and unplanned pregnancies as well as incidences 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.

Makes appropriations for 10 years to carry out this Act.

Requires independent evaluation of a state or local government social impact bond project.

Establishes the Federal Interagency Council on Social Impact Bonds.

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 bond projects.

 Related & companion bills 1
  • S 2691 Related bill Pay for Performance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 20
All 20 Democratic 5 Republican 1
Marchant, Kenny
· Nov 13, 2014
Black, Diane
· Sep 11, 2014
 D
Meeks, Gregory W.
New York · Sep 8, 2014
Renacci, James
· Sep 8, 2014
Nunes, Devin
· Jul 29, 2014
 D
Titus, Dina
Nevada · Jul 29, 2014
MATHESON, JIM
· Jul 24, 2014
PETRI, TOM
· Jul 24, 2014
 R
Kelly, Mike
Pennsylvania · Jul 17, 2014
Reichert, David
· Jul 16, 2014
 D
Bera, Ami
California · Jul 11, 2014
TIBERI, PATRICK
· Jul 8, 2014
 D
McGovern, James P.
Massachusetts · Jun 19, 2014
Delaney, John
· Jun 18, 2014
Kennedy, Joseph
· Jun 18, 2014
 D
Larson, John B.
Connecticut · Jun 18, 2014
Polis, Jared
· Jun 18, 2014
Reed, Tom
· Jun 18, 2014
Ross, Dennis
· Jun 18, 2014
Schock, Aaron
· Jun 18, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4885: Social Impact Bond Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4885/
MLA
"H.R. 4885: Social Impact Bond Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4885/.
Bluebook (legal)
H.R. 4885, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4885/.
Markdown link
[H.R. 4885: Social Impact Bond Act](https://openamerica.io/bill/113-HR-4885/)
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