Broad Coalition Urges Congress to Take Up SIBs Legislation in Lame Duck Session

A broad coalition of 35 nonprofit organizations, including Enterprise and the Accelerating Impact Investing Initiative (AI3), sent a letter to Senate leadership urging passage of the Social Impact Partnership Act (S.1089) during the lame duck session. The bipartisan bill, which was introduced by Senators Orrin Hatch (R-Utah) and Michael Bennet (D-Colo.) in April 2015, would establish a new interagency council to identify eligible state and local Social Impact Bonds (SIBs) that could save federal dollars. It would also create a new fund to support SIB initiatives through success payments, feasibility studies and independent evaluations. Similar legislation unanimously passed the House in June. For more background on SIBs, see our recent issue brief.

"This email is intended solely for the person or entity to which it is addressed and may contain confidential and/or privileged information. Any review, dissemination, copying, printing or other use of this email by persons or entities other than the addressee is prohibited. If you have received this email in error, please contact the sender immediately, and delete the material from your computer."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s