US SB954 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on May 11 2011 - 25% progression, died in chamber
Action: 2011-08-30 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 147.
Text: Latest bill text (Introduced) [PDF]

Summary

Haitian-American Enterprise Fund Act - Authorizes the President, after congressional consultation, to designate a private, nonprofit organization as the Haitian-American Enterprise Fund to receive financial assistance and support under this Act. States that a grant agreement between the United States Agency for International Development (USAID) and the Fund shall: (1) require the Fund to end its reinvestment cycle not later than December 31, 2021, unless extended by USAID; (2) provide for the prevention of money laundering and terrorist financing; and (3) require any remaining Fund assets to be returned to the Treasury for debt reduction purposes. States that the Fund's Board of Directors should adopt the best practices and procedures used by Enterprise Funds, including those for which funding has been made available pursuant to the Support for East European Democracy (SEED) Act of 1989. Authorizes appropriations.

Tracking Information

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Title

Haitian-American Enterprise Fund Act

Sponsors


History

DateChamberAction
2011-08-30SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 147.
2011-08-30SenateCommittee on Foreign Relations. Reported by Senator Kerry under authority of the order of the Senate of 08/02/2011 without amendment. With written report No. 112-67.
2011-05-17SenateCommittee on Foreign Relations. Ordered to be reported without amendment favorably.
2011-05-11SenateRead twice and referred to the Committee on Foreign Relations.
2011-05-11SenateSponsor introductory remarks on measure. (CR S2889)

Subjects


US Congress State Sources


Bill Comments

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