"I've always raised concerns that the Opportunity Zone incentive would turn out to be a tax credit for rich investors w/ limited benefits for low-income communities.
This legislation makes changes to ensure it's making an impact in the communities that need investments the most."
"The Opportunity Zone Reform Act would:
✅ Prohibit investments in stadiums, parking lots, & luxury apartments
✅ Terminate zones that are not low-income or impoverished
✅ Tighten rules to ensure investments are actually in opportunity zones"
@WhipClyburn