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Bill

HR 4477

PRICE Act

119th Congress Introduced by Don Bacon and 8 co-sponsors

The PRICE Act boosts community development by funding preservation projects, enhancing infrastructure, and supporting local initiatives for economic growth and resilience.

Introduced in House
0
WeVote Research Nonpartisan
Bill Summary · HR 4477

Summary of HR 4477 - PRICE Act

Overview

The Preservation and Reinvestment Initiative for Community Enhancement Act, commonly referred to as the PRICE Act, was introduced in the House of Representatives on July 17, 2025. This bill aims to address community enhancement through preservation and reinvestment initiatives.

Purpose and Intent

The primary intent of the PRICE Act is to promote community development by providing resources and support for preservation efforts. This includes enhancing local infrastructure, supporting community services, and fostering economic growth through strategic reinvestment in communities.

Key Provisions

While the specific provisions of the PRICE Act have not been detailed in the introduced version, the bill is expected to include:

  • Funding Mechanisms: Establishing financial resources to support community enhancement projects.
  • Support for Local Initiatives: Encouraging local governments and organizations to develop and implement preservation projects.
  • Collaboration with Stakeholders: Promoting partnerships between federal, state, and local entities to maximize the impact of community enhancement efforts.

Affected Parties

The PRICE Act is likely to affect a variety of stakeholders, including:

  • Local Governments: Municipalities may receive funding and support for community projects.
  • Community Organizations: Nonprofits and local groups focused on community development and preservation will benefit from potential grants and resources.
  • Residents: Individuals living in communities targeted for enhancement will experience improved infrastructure and services.

Legislative Process

  • Introduced: The bill was introduced in the House on July 17, 2025.
  • Referred to Committee: It has been referred to the House Committee on Financial Services for further consideration.

Sponsorship

The PRICE Act is sponsored by:
- Suzanne Bonamici (Primary Sponsor)
- Andrea Salinas (Cosponsor)
- Don Bacon (Cosponsor)

Related Legislation

The PRICE Act has a companion bill, S 943, which is expected to mirror its provisions in the Senate, facilitating a coordinated legislative effort.

Conclusion

The PRICE Act represents a commitment to enhancing community resilience and development through preservation initiatives. As it progresses through the legislative process, further details on specific provisions and funding allocations are anticipated. Stakeholders are encouraged to monitor the bill's status and engage with their representatives regarding its implications for community enhancement efforts.

Compiled from official sources — confirm details with the bill’s official record.

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