Media Contact: Allie Wright, [email protected], (202) 794-1823
Washington, D.C. (January 18, 2017) – Representatives Pat Tiberi (R-Ohio) and John Delaney (D-Md.) have introduced the Social Impact Partnerships to Pay for Results Act (H.R. 576), bipartisan legislation that would expand effective social interventions, like early learning programs.
Similar legislation passed the House last year but stalled in the Senate.
Co-sponsored by seven other House members from both parties, this bill would allow private and philanthropic investors to enter into contracts with the government to fund programs that serve a public good while also saving the government money.
“During this time of budget constraints, this legislation would help scale up programs that are critical to our communities, like early education, without spending substantial new taxpayer dollars. While doing so, it provides accountability and transparency to the budgeting process,” said Mark Shriver, president of Save the Children Action Network, or SCAN. “All children are born ready to learn, yet far too many children in the U.S. currently do not have access to the early learning opportunities needed to prepare them to succeed in school and life. This bill would help ensure they are given a fair chance at success later in life.”
The outcomes of the programs funded through public-private partnerships are rigorously evaluated to assess if predetermined goals, which are intended to save state and federal tax dollars by avoiding more costly interventions in the future, are met.
A portion of the savings would be used to repay investors with a modest return. If the outcomes are not met, no taxpayer money is spent.
This week, SCAN and a diverse group of partner organizations, called the Early Childhood Education Action Tank, released a report with tax policy recommendations aimed at expanding access to high-quality early learning in the U.S. These recommendations could become part of comprehensive tax reform legislation planned by the new Congress and incoming Administration.
One of the funding mechanisms included in the Action Tank’s report is Pay for Success financing, similar to the Social Impact Partnerships to Pay for Results Act.
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Save the Children Action Network is the political voice for kids. We believe that every child deserves the best start in life. That’s why we’re building bipartisan will and voter support to make sure every child in the U.S. has access to high-quality early learning and that no mother or child around the globe dies from a preventable disease or illness. By investing in kids and holding leaders accountable, we are helping kids from birth to age five survive and thrive. Follow us on Twitter and Facebook.