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Executive Order on Establishing the White House Opportunity and Revitalization Council

On December 12, President Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council. The Council will be chaired by the Secretary of Housing and Urban Development, Ben Carson, and comprised of 13 Federal agencies.

The Council will engage with all levels of government on ways to better use taxpayer dollars to revitalize low-income communities. The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to economically distressed areas, including Opportunity Zones. In 2017, President Trump signed the Tax Cuts and Jobs Act, which established Opportunity Zones to incentivize long-term investments in low-income communities across the country.

Lack of coordination and targeting has led to cumbersome applications, program waste, and ineffective benefits. The Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts. The Council will present the President with a number of reports identifying and recommending ways to encourage investment in economically distressed communities.

View the complete EO here: https://www.whitehouse.gov/presidential-actions/executive-order-establishing-white-house-opportunity-revitalization-council/.

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