A bill to establish a Caribbean Basin Regional Development Commission, and for other purposes.

[AI summary unavailable — showing source text] Amends the Caribbean Basin Economic Recovery Act to establish the Caribbean Basin Regional Development Commission. Authorizes the Commission to provide financial assistance to beneficiary countries to enable them to carry out projects that will result in: (1) the improvement of their infrastructures; (2) the improvement of production capacities; (3) the promotion of tourism; and (4) the facilitation of economic integration among beneficiary countries. Prohibits the Commission from providing financial assistance to any beneficiary country unless: (1) the country has prepared a development plan setting forth the projects that the country will undertake; and (2) the Commission approves the development plan. Provides that the Commission may not approve any part of a development plan that will: (1) result in, or add to, surplus capacity in a beneficiary country for the production of specific articles; or (2) cause production facilities to be transferred from the United States to a beneficiary country. Specifies the countries to be considered as East Caribbean beneficiary countries for purposes of this Act. Establishes in the Treasury the Caribbean Basin Development Fund (Fund). Specifie…