H.R. 3129House115th Congress (2017-2019)In Committee

ADVANCE Act

Sponsored by Denny HeckRep. Denny Heck (D-WA)
Introduced June 29, 2017

AI-Generated Summary

Updated April 15, 2026 at 4:52 PM UTC

The ADVANCE Act directs the CDFI Fund to run an outreach and training program about the New Markets Tax Credit in low‑income, underserved areas, with a special focus on tribal lands. It also changes the NMTC allocation process to prioritize entities that invest in Indian country, ensuring at least one such entity receives an allocation each round.

Key Provisions

  • The Treasury Secretary must set up a program where the Community Development Financial Institutions (CDFI) Fund provides outreach and training about the New Markets Tax Credit (NMTC) to low‑income communities that have received few NMTC investments.
  • NMTC allocation applications must include questions that identify whether the applicant plans to make qualified investments in Indian country, and such plans will be treated as an “innovative use” when the Treasury evaluates the applications.
  • For each NMTC allocation round, the Treasury must try to ensure that at least one qualified community development entity whose main purpose is to fund projects in or that directly benefit Indian country receives an allocation.
  • The bill adds a new section to the Riegle Community Development and Regulatory Improvement Act of 1994 to codify these requirements and defines “new markets tax credit” and “Indian country” as used in existing law.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

June 29, 2017

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HouseIntro Referral

Introduced in House

June 29, 2017

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

June 29, 2017

Floor Debate

24 members

What members said about H.R. 3129 on the floor

9 Republicans15 Democrats
Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Jul 27, 2017

Mr. Chair, I want to thank Chairwoman Granger and Ranking Member Visclosky for shepherding this legislation to the floor and for their devotion to the men and women of the Armed Forces who risk their…

Kay Granger
Rep. Kay GrangerR-TX-12 · Jul 27, 2017

Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days to revise and extend their remarks and include extraneous material on the further consideration of H.R. 3219, and that I…

Peter J. Visclosky
Rep. Peter J. ViscloskyD-IN-1 · Jul 27, 2017

Mr. Chairman, I rise in support of the amendment. I yield 1 minute to the gentlewoman from Nevada (Ms. Rosen). Mr. Chairman, I yield 1 minute to the gentleman from Vermont (Mr. Welch). Mr. Chairman,…

Lucille Roybal-Allard
Rep. Lucille Roybal-AllardD-CA-40 · Jul 27, 2017

Mr. Speaker, I have a motion to recommit at the desk. Yes, I am opposed to the bill. Mr. Speaker, this is the final amendment to the bill, which will not kill the bill or send it back to committee.…

Bill Foster
Rep. Bill FosterD-IL-11 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, as you know, the National Defense Authorization Act for fiscal year 2018 tasks the Missile Defense Agency with developing a space-based…

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Brendan F. Boyle
Rep. Brendan F. BoyleD-PA-13 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, this is a bit of a complex issue, so I will do my best to explain. It is, unfortunately, an issue that my constituents and a number in the…

Thomas R. Suozzi
Rep. Thomas R. SuozziD-NY-3 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chair, I rise today to speak in support of a bipartisan amendment that I am offering with Congressman Peter King and Congressman Paul Cook.…

James R. Langevin
Rep. James R. LangevinD-RI-2 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, I offer this amendment today to support the DOD Cyber Scholarship Program with…

Warren Davidson
Rep. Warren DavidsonR-OH-8 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I rise to encourage my colleagues to support this amendment which simply says that none of these funds may be used in contravention of the…

Rodney P. Frelinghuysen
Rep. Rodney P. FrelinghuysenR-NJ-11 · Jul 27, 2017

Mr. Chairman, I move to strike the last word. Mr. Chairman, as we begin to conclude debate on H.R. 3219, the Make America Secure Appropriations Act, I am sure I join with Ranking Member Nita Lowey in…

Trent Franks
Rep. Trent FranksR-AZ-8 · Jul 27, 2017

Mr. Chairman, I rise in opposition to the amendment. Mr. Chairman, the space-based missile defense layer that we debate today will be one of the most significant technological advancements in our…

Jerrold Nadler
Rep. Jerrold NadlerD-NY-10 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself 2 minutes. Mr. Chairman, this amendment will strike sections 8094 and 8095 of the bill that prohibit the transfer of…

Matt Cartwright
Rep. Matt CartwrightD-PA-17 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I rise today to offer an amendment that would prohibit the Department of Defense from conducting what is called new A-76 studies. I offer…

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Ron DeSantis
Rep. Ron DeSantisR-FL-6 · Jul 27, 2017

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, this amendment is a very simple limitation amendment: No funds made available by this act may be used to purchase heavy water from the…

David N. Cicilline
Rep. David N. CicillineD-RI-1 · Jul 27, 2017

Mr. Chairman, I thank the gentleman for yielding me time, and I thank him for his continued leadership on this issue. Mr. Chairman, I rise in strong support of this amendment, which would remove a…

Neal P. Dunn
Rep. Neal P. DunnR-FL-2 · Jul 27, 2017

Mr. Chair, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chair, throughout the country, there are remote areas where the men and women of our armed…

Glenn Grothman
Rep. Glenn GrothmanR-WI-6 · Jul 27, 2017

Mr. Chair, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, I thank the chairwoman and ranking member for their collaborative effort to bring…

Jackie Speier
Rep. Jackie SpeierD-CA-14 · Jul 27, 2017

Mr. Chair, I have an amendment at the desk. Mr. Chairman, the American people are becoming more and more aware of the degenerative disease known as chronic traumatic encephalopathy, CTE, due to the…

Darren Soto
Rep. Darren SotoD-FL-9 · Jul 27, 2017

Mr. Chair, I want to make a statement regarding the passage of H.R. 3219, the Make America Secure Appropriations Act, 2018. Specifically, I would like to make a statement about my amendment, Soto…

Alan S. Lowenthal
Rep. Alan S. LowenthalD-CA-47 · Jul 27, 2017

Mr. Chairman, I rise in support of the bipartisan amendment that I am leading on with Representative Comstock, along with many of our colleagues on the STARBASE Caucus. I appreciate it being included…

Chellie Pingree
Rep. Chellie PingreeD-ME-1 · Jul 27, 2017

Mr. Chairman, I thank the ranking member very much for yielding to me today. I rise during this en bloc amendment debate to discuss an issue that is raised in the amendment about the importance of…

Debbie Dingell
Rep. Debbie DingellD-MI-12 · Jul 27, 2017

Mr. Chairman, I rise in strong support of Mr. Delaney's bipartisan amendment included in this en bloc that would increase funding for the Fisher House Foundation. Fisher House has now served our…

Matt Gaetz
Rep. Matt GaetzR-FL-1 · Jul 27, 2017

Mr. Chair, I thank the gentleman for yielding, and I thank our colleagues in the House for their agreement. Mr. Chair, I rise in support of the brave men and women of the greatest military on Earth…

Ken Calvert
Rep. Ken CalvertR-CA-42 · Jul 27, 2017

Mr. Chairman, I claim time in opposition to the amendment. Mr. Chairman, I support competition, and these competitions, as a whole, have been beneficial to the Department of Defense. The OMB has…

Bill Text

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Introduced in HouseIssued June 29, 2017

I

115th CONGRESS

1st Session

H. R. 3129

IN THE HOUSE OF REPRESENTATIVES

June 29, 2017

Mr. Heck (for himself, Mrs. Noem, Mr. Cole, Mr. Young of Alaska, Mr. Kilmer, Ms. Herrera Beutler, Ms. DelBene, Mrs. Torres, and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To direct the Community Development Financial Institutions Fund to perform an outreach program for the new markets tax credit to underserved communities, and for other purposes.

1.

Short title

This Act may be cited as the Aiding Development of Vital Assets in Native Communities and Environments Act of 2017 or the ADVANCE Act.

2.

New markets tax credit outreach to underserved communities

Subtitle A of title I of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4701 et seq.) is amended by adding at the end the following new section:

123.

New markets tax credit outreach to underserved communities

(a)

In general

The Secretary of the Treasury shall—

(1)

establish a program under which the Fund shall provide outreach and training with respect to the new markets tax credit in low-income communities with a disproportionately low amount of qualified low-income community investments by qualified community development entities; and

(2)

include questions to determine in the application for allocation of new markets tax credit limitation, and consider as an innovative use or a comparable incentive in the evaluation of such applications, the extent to which such entity intends to make qualified low-income community investments within Indian country; and

(3)

to the maximum extent practicable, ensure that at least one qualified community development entity whose primary mission is to fund projects within or that directly benefit Indian country receives an allocation for each allocation round.

(b)

Definitions

For purposes of this section—

(1)

New markets tax credit

Any term used in this section which is also used in section 45D of the Internal Revenue Code of 1986 shall have the same meaning as when used in such section 45D.

(2)

Indian country

The term Indian country has the meaning given such term in section 1151 of title 18, United States Code.

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