S. 2464 · 117th Congress
RECOMPETE Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CoonsSponsor3 cosponsors · 3 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Rebuilding Economies and Creating Opportunities for More People To Excel Act or the RECOMPETE Act
What it does: CRS summary · Introduced in Senate · Jul 22, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RECOMPETE Act
Also known as: Rebuilding Economies and Creating Opportunities for More People to Excel Act
Latest action (Jul 22, 2021): Read twice and referred to the Committee on Commerce, Science, and Transportation.
Policy area: Commerce · Origin: Senate · Introduced: Jul 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.