# 114-hr-6017: Race to the Job Initiative Act

114-hr-6017, Race to the Job Initiative Act, is a 114th Congress bill sponsored by Rep. Richmond, Cedric L. [D-LA-2] (D-LA); status Referred to the Subcommittee on Highways and Transit. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6017
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6017
- Congress: 114
- Title: Race to the Job Initiative Act
- Status: Referred to the Subcommittee on Highways and Transit.
- Introduced: 2016-09-13
- Sponsor: Rep. Richmond, Cedric L. [D-LA-2] (D-LA)
- Cosponsors: 11
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Race to the Job Initiative Act This bill requires the Department of the Treasury to establish and administer a grant program to provide anchor institution (i.e., a hospital, college, research center, or nonprofit institution) grants and infrastructure grants to eligible low-income communities for community development. Treasury shall select: (1) within the first year after enactment of this bill, 30 of such low-income communities to receive these grants; and (2) within the second year, an additional 20 of these communities. Treasury must award a capital assistance grant to each community development financial institution specified in the grantee's application to make loans to, and invest in, businesses, organizations, or public-private partnerships located in the eligible low-income community. The bill amends the Internal Revenue Code to allow a new markets tax credit for investment in a partner community development financial institution without regard to allocation limitations on such credit. The bill amends the Community Development Banking and Financial Institutions Act of 1994 to limit to $20 million (in the aggregate, during a three-year period) an award from the Community Development Financial Institutions (CDFI) Fund to a community development financial institution and its subsidiaries and affiliates receiving a capital assistance grant under this bill. CDFI funds are limited annually for these entities to: (1) $10 million for financial assistance, and (2) $500,000 for technical assistance.

## Cosponsors (11)

- Rep. Meeks, Gregory W. [D-NY-5] (D-NY), 2016-09-13T00:00:00.000Z
- Rep. Larsen, Rick [D-WA-2] (D-WA), 2016-09-13T00:00:00.000Z
- Rep. Perlmutter, Ed [D-CO-7] (D-CO), 2016-09-13T00:00:00.000Z
- Rep. Kind, Ron [D-WI-3] (D-WI), 2016-09-13T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2016-09-13T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2016-09-13T00:00:00.000Z
- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2016-09-13T00:00:00.000Z
- Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE), 2016-09-13T00:00:00.000Z
- Rep. Kelly, Robin L. [D-IL-2] (D-IL), 2016-09-14T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2016-09-21T00:00:00.000Z
- JOSE SERRANO (D-NY), 2016-09-22T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-2867: Voting Rights Advancement Act of 2015
- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-1619: Paycheck Fairness Act
- 114-hr-4479: Families of Flint Act

## Sources
- [114-hr-6017 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6017)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-2867: Voting Rights Advancement Act of 2015](https://policyrisk.com/legislation/114-hr-2867)
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-1619: Paycheck Fairness Act](https://policyrisk.com/legislation/114-hr-1619)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6017 (as of 2025-11-18).