Economic Mobility Initiative
What changed between versions
Removed specific grant budget caps ($300,000 for planning, $2,500,000 for implementation) and the requirement that 20% of funds go to rural/frontier/tribal areas.
Eliminated detailed requirements for grant applications, including specific criteria for community eligibility, required work plans, and mandatory signatures from local officials.
Removed the requirement for a formal Memorandum of Understanding signed by a majority of local governing board members and superintendents.
Changed the definition of 'backbone organization' to remove 'government' entities, and redefined 'eligible community' to use a simpler list of criteria without specific sub-group disparity thresholds.
Replaced the two-track grant system (planning and implementation) with a general mandate for the technical assistance provider to support eligible communities in establishing partnerships.
Updated the bill title from 'Economic Mobility Initiative' to 'Economic Mobility Initiative' (no change) but altered the section header text and removed the specific 'House Sponsor' line in the second version's context.
Added Section 2 establishing a specific effective date of May 6, 2026.