This bill establishes the Social Impact Investment Fund, the likes of which will subsidize projects that the state deems socially beneficial. For example, the state hopes to pay into affordable housing developments and early childhood education facilities. CPAC believes that the government should extricate itself from these verticals, believes that it should not involve itself further in the housing industry, and opposed this bill. The Assembly passed this bill on June 30, 2023 by a vote of 53-23 and the bill later became law.