A bipartisan group of four Senators recently introduced a bill that would require that ten percent of the annual New Markets Tax Credit (NMTC) allocation be made to community development entities (CDEs) for investment in developments in Indian and Native lands. Senators Lisa Murkowski (R-AK), Dan Sullivan (R-AK), Brian Schatz (D-HI) and Mazie Hirono (D-HI) introduced the Inspiring Nationally Vibrant Economies Sustaining Tribes (INVEST) Act of 2020 (S. 3181), which defines what CDEs meet requirements to receive allocations and provides a definition for Native community development financial institutions. The bill also would establish a technical assistance pilot program to help Indian CDEs apply for NMTC allocations.