What is the official ID of this bill?

The official print number for this legislation is HR 9338.

When did the legislative process begin?

The process officially started on 2022-11-17.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr9338/BILLS-117hr9338ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Who is the primary sponsor?

The primary sponsor is Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Analysis and Potential Impact of HR 9338

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

New Opportunity Zone Investment Rules: Fairness, Diversity, and Agriculture.

Q: What are the main provisions?

Key points include: Opportunity zone funds must establish local advisory boards to better serve communities. At least 30% of investments must go to smaller communities, and 50% to businesses owned by women or disadvantaged individuals. In residential projects within opportunity zones, at least 20% of units must be affordable for low-income individuals. A minimum of 5% of investments must be directed towards controlled-environment agriculture, using advanced technology. Funds will be required to assess and report on the impact of their investments on different racial and ethnic groups within the zones.

This bill introduces new rules for funds investing in 'opportunity zones' aimed at economic revitalization. The changes ensure these investments are fairer, supporting small businesses, women, and minorities, and creating affordable housing. Additionally, a portion of funds must be allocated to modern agriculture.

Key points

Opportunity zone funds must establish local advisory boards to better serve communities.

At least 30% of investments must go to smaller communities, and 50% to businesses owned by women or disadvantaged individuals.

In residential projects within opportunity zones, at least 20% of units must be affordable for low-income individuals.

A minimum of 5% of investments must be directed towards controlled-environment agriculture, using advanced technology.

Funds will be required to assess and report on the impact of their investments on different racial and ethnic groups within the zones.

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Expired

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Additional Information

To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment and to require minimum investment in controlled-environment agriculture.

Print number: HR 9338

Sponsor: Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4]

Process start date: 2022-11-17

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

New Opportunity Zone Investment Rules: Fairness, Diversity, and Agriculture.

Key Questions about New Opportunity Zone Investment Rules: Fairness, Diversity, and Agriculture.