(a)
Guidance and measures To increase Federal investments— Not later than 1 year after the date of enactment of this Act, the Director, in consultation with Federal agencies, shall develop and implement guidance and measures to increase the share of Federal investments targeted to areas of persistent poverty and other areas with high and persistent poverty (including any other areas that the Director, in consultation with Federal agencies, determines to be appropriate areas to target).
(b)
Guidance for agencies— Not later than 120 days after the date of enactment of this Act, the Director shall issue guidance to agencies regarding—
(1)
identifying the scope of programs subject to increased targeted investment described in subsection (a);
(2)
identifying the manner and share of targeted investment described in subsection (a); and
(3)
outlining measures to track increased investment in areas of persistent poverty and other areas with high and persistent poverty over time.
(c)
Minimum investment amount— In developing the guidance and measures under subsection (a), the Director shall include a minimum goal that Federal investments targeted to areas of persistent poverty or other areas with high and persistent poverty be in an amount that is greater than the amount that is proportional to the population of such areas in the United States relative to the population of the United States as a whole.
(d)
Reports to Congress— The Director shall submit to the appropriate committees of Congress an annual report that includes—
(1)
a list of the programs, by agency, that are included in the effort to increase the share of Federal investments targeted to areas of persistent poverty and other areas with high and persistent poverty; and
(2)
for each program listed under paragraph (1)—
(A)
the amount of funds that were directed under the program toward an area of persistent poverty or other area with high and persistent poverty during the previous fiscal year;
(B)
the percentage change from the fiscal year before the previous fiscal year in the amount of funds that were directed under the program toward an area of persistent poverty or other area with high and persistent poverty; and
(C)
to the extent practicable, an assessment of the economic impact of the program, including data on impacted individuals, disaggregated by household income, race, gender, age, national origin, disability status, and whether the individuals live in an urban area, suburban area, or rural area.