Executive Briefings | April 19, 2018
Social Impact Bonds—$100 Million More Available
One of the little-noticed provisions of the budget bill that was passed earlier was the inclusion of legislation related to federal funding for social impact bonds (also known as pay-for-success contracts). The legislation allows the Secretary of the Treasury to use $100 million to enter into social impact bonds with states and local governments. Additionally, the law establishes Federal Interagency Council on Social Impact Partnerships and the Commission on Social Impact Partnerships (see US states . . .