HR 4698 · 108th Congress · Economics and Public Finance

To establish a grant program to support cluster-based economic development efforts.

Introduced 2004-06-24· Sponsored by Rep. McHugh, John M. [R-NY-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman.(2004-08-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make grants in support of cluster-based economic development efforts in regions with low per capita income, high unemployment, or economic adjustment problems. Limits the maximum assistance for any one region to $1 million. Sets Federal cost sharing for projects carried out using funds authorized by this Act at 50 percent. Authorizes in-kind contributions for the non-Federal share of project costs.…

Summarized by Claude AI · Non-partisan · For informational purposes only