; and (B) by inserting before the period at the end the following: , and such sums as may be necessary for each of fiscal years 2021, 2022, and 2023 ; and (2) in subsection (c)— (A) by striking and after 2019, ; and (B) by inserting before the period at the end the following: , and such sums as may be necessary for each of fiscal years 2021, 2022, and 2023 . III Establishment of the Distressed Community Investment Agency 301. Definitions In this title: (1) Agency The term agency has the meaning given that term in section 551 of title 5, United States Code. (2) Distressed community The term distressed community means a geographic unit, as defined by the Secretary of Commerce, with— (A) a low per capita income; (B) an unemployment rate below the national average; or (C) actual or threatened severe unemployment or economic adjustment problems. (3) Institution of higher education The term institution of higher education has the meaning given that term in section 101(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1001(a) ). (4) State The term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and any possession of the United States. 302. Distressed Community Investment Agency (a) In general There is established the Distressed Community Investment Agency within the Department of Commerce one year after the date of the enactment of this Act with the mission of promoting, establishing, and strengthening venture capital investment in distressed communities, including expenses of grants, contracts, and other agreements with public or private entities. (b) Functions The Distressed Community Investment Agency shall— (1) coordinate the plans, programs, and operations of the Federal Government which affect or may contribute to the promotion, establishment, and strengthening of venture capital investment in distressed communities