Washington, D.C. – The Economic Innovation Group (EIG) applauds the introduction of the bipartisan Opportunity Zone Accountability and Transparency Act by Representatives Ron Kind (D-WI), Mike Kelly (R-PA), and Terri Sewell (D-AL) to implement reporting requirements for investments in Qualified Opportunity Zones.
“A robust reporting framework is essential for ensuring the impact of Opportunity Zone investments can be properly evaluated,” said John Lettieri, President and CEO of EIG. “This bipartisan legislation is a major first step, and we will continue working with Congress to improve it as the legislative process moves forward in the coming weeks.”
A broad group of leading private sector and philanthropic stakeholders supports the implementation of a reporting framework to ensure that the long-term economic impact of the Opportunity Zones can be properly evaluated.
About the Economic Innovation Group (EIG)
The Economic Innovation Group (EIG) is a bipartisan ideas laboratory and advocacy organization whose mission is to advance solutions that empower entrepreneurs and investors to forge a more dynamic American economy. Headquartered in Washington, D.C., EIG convenes leading experts from the public and private sectors, produces original research, and works to advance creative legislative proposals that will bring new jobs, investment, and economic growth to communities across the nation. For more information, visit eig.org.