1. Short title This Act may be cited as the Increasing Opportunity for Former Foster Youth Act . 2. Chafee innovation grants (a) In general Section 477 of the Social Security Act ( 42 U.S.C. 677 ) is amended by adding at the end the following: (k) Innovation grants To improve adulthood outcomes for transition-Age foster youth (1) Purpose The purpose of this subsection is to support the development of programs that improve outcomes for transition-age foster youth, specifically by identifying programs with evidence of effectiveness, determining if they can be replicated with fidelity and demonstrate results, and scaling up successful programs so more youth receive effective services that help them to transition successfully to adulthood. (2) Definitions In this subsection: (A) Adulthood outcomes The term adulthood outcomes means outcomes in employment, education, housing, mental health, physical health, financial stability, permanency, and criminal involvement. (B) Eligible entity The term eligible entity means— (i) a State child welfare agency; (ii) a local child welfare agency; (iii) a tribal child welfare agency of an Indian tribe or tribal organization operating a program under this part (including as part of a tribal consortium), in accordance with section 479B