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RECOMPETE Act

Introduced: July 22, 2021 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 22, 2021

Read twice and referred to the Committee on Commerce, Science, and Transportation.

Jul 22, 2021

Introduced in Senate

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Plain-English summary Congressional Research Service

Rebuilding Economies and Creating Opportunities for More People To Excel Act or the RECOMPETE Act

This bill establishes a grant program to assist economically distressed local communities and labor markets that meet specified economic criteria, including employment criteria.

The Economic Development Administration (EDA) must award 10-year grants to a local government, tribal government, economic development district, or consortium of local government units located in such areas. Each grant recipient must develop and implement a comprehensive strategy to address the economic challenges specific to the area. The grants may be used to increase employment opportunities, increase local per capita income, support economic development, and develop infrastructure and housing.

Additionally, the EDA must periodically evaluate each grant recipient based on certain benchmark criteria and annually report on the implementation of the program.

The bill specifies formulas for determining the grant amount for each community or market and the federal share of the cost of each program or activity conducted under the program.

What's happening now July 22, 2021

Read twice and referred to the Committee on Commerce, Science, and Transportation.

Related & companion bills 1

Bill text 1 version