The Federal Department of the Treasury with the Federal Interagency Council of Pay for Success are seeking responses to a Request for Information (RFI) to inform the structure, design, and implementation of a potential Pay for Success (PFS) Incentive Fund. The RFI asks respondents to address the challenges and opportunities in the PFS market, the impact an incentive fund could have on developing the market, and potential advantages to taxpayers. Treasury is calling on a wide array of stakeholders to submit responses by December 2, 2013.
The Pay for Success Incentive Fund was initially proposed in the President's FY2014 Budget, which included almost $500 million in provisions to advance PFS. The $300 million Incentive Fund was proposed as a one-time appropriation to help State and local Governments implement Pay for Success programs and provide credit enhancements for philanthropic investments and outcome payments for successful, money-saving interventions.