Bill introduced to target funds to disadvantaged areas.
On February 1, House Majority Whip James E. Clyburn (D-S.C.), Rep. Hal Rogers (R-Ky.), Sen. Cory Booker (D-N.J.), and Sen. Rob Portman (R-Ohio) introduced the Targeting Resources to Communities in Need Act of 2022, H.R. 6531, which would direct federal funding to persistent poverty areas throughout the country.
Whip Clyburn’s 10-20-30 formula was created to help allocate funding to communities most affected by the Great Recession. The formula requires at least 10% of funds from some USDA Rural Development programs to be spent in persistent poverty counties (those where the poverty rate has been at least 20% for at least 30 years).
Most recently, the 10-20-30 formula has been adapted into a government-wide effort titled, The Targeting Resources to Communities in Need Act of 2022, H.R. 6531. The bill incorporates the Office of Management and Budget (OMB) to ensure that the formula is properly evaluated and adjusted to the government programs which fall under the bill’s umbrella.
Persistent Poverty Areas (PPA) are historically some of the most underserved and forgotten places in the United States. “Access to opportunity is one of our nation’s most fundamental ideals, but too many Americans are being left out and left behind,” said Senator Cory Booker.
The Targeting Resources to Communities in Need Act embraces Persistent Poverty Areas in the effort to create “the American Dream,” a narrative that they have been excluded from for far too long.
Click here to read more about The Targeting Resources to Communities in Need Act of 2022: https://tinyurl.com/2p84zwzp