Investing in Opportunity Act

The Investing in Opportunity Act proposes a new solution to encourage economic growth and job creation in economically distressed communities. This bipartisan legislation offers a temporary capital gains deferral in exchange for reinvesting those dollars into distressed communities. Currently, more than 30 percent of South Carolina’s population, or 1.4 million people, live in an economically distressed area, a number that rises to 50 million Americans nationwide.