The Washington Post
Business Context

H.R. 2055 - An Act Targeting Resources to Communities in Need

Updated Feb 24, 2020 at 3:13 PM EST

House Majority Whip James E. Clyburn (D-S.C.) re-introduced this bill in 2019 with Sen. Cory Booker (D-N.J.). The proposed legislation has yet to make it out of committee. It would expand the 10-20-30 formula created after the Great Recession to help high-poverty urban areas and include federal funding for education, housing and other programs.

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House Majority Whip James E. Clyburn (D-SC) introduced this bill in 2018 along with Sen. Cory Booker (D-NJ). The proposed legislation has yet to make it out of committee. It uses the 10-20-30 formula created after the Great Recession, but extends it to include things like education, housing and other federal programs.