Proposal:Community Development in Opportunity Zones Act of 2020

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 7262
Type of Legislation	House Bill
Congress	116
Status	Archived — 116th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Community Development in Opportunity Zones Act of 2020

This bill includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.

Bill Title

Community Development in Opportunity Zones Act of 2020

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-06-18: Referred to the House Committee on Ways and Means.
• 2020-06-18: Introduced in House
• 2020-06-18: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.