Skip to main content
S 2691 113th Congress Senate Social Welfare Academic performance and assessments Adoption and foster care Advisory bodies Banking and financial institutions regulation Cardiovascular and respiratory health Child care and development Crime prevention Digestive and metabolic diseases Disability and paralysis Domestic violence and child abuse Elementary and secondary education Employment and training programs Executive agency funding and structure Government information and archives Government studies and investigations Health promotion and preventive care Intergovernmental relations Performance measurement Poverty and welfare assistance

Pay for Performance Act

Introduced: July 30, 2014 Introduced by: Bennet, Michael F. Democratic · Colorado See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2014
Read twice and referred to the Committee on Finance.
Jul 30, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Pay for Performance 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 Pay for Performance Contracts).

Requires the Secretary of the Treasury to publish in the Federal Register a request for proposals from states or local governments for social impact pay for performance contract 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.

Requires independent evaluation of a state or local government social impact pay for performance contract project.

Makes appropriations for 10 years to carry out this Act.

Establishes the Federal Interagency Council on Social Impact Pay for Performance Contracts.

Authorizes the Comptroller General (GAO) to audit the activities of any state, local government, or nongovernment that receives funds under this Act.

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 pay for performance contract projects.

What's happening now July 30, 2014

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1