HR 5394 · 111th Congress · International Affairs
Haiti Private Sector Development Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Foreign Affairs.(2010-05-25)
Plain Language Summary
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Haiti Private Sector Development Act - Authorizes the President, after congressional consultation, to designate one private, nonprofit organization as the American Enterprise Fund for Haiti to receive funds and support under this Act to promote: (1) Haitian private sector development, including microbusinesses and small businesses, the agriculture, finance, energy, construction, garment, and tourism industries, and U.S.-Haitian joint ventures; and (2) policies and practices conducive to Haitian private sector development through loans, equity investments, feasibility studies, grants, technical assistance, training, insurance, and guarantees. Authorizes the Fund to establish the America for Haitian Private Sector Development Foundation which shall develop programs to recruit qualified individuals from the United States, including the Haitian diaspora in the United States, to provide technical expertise to the Haitian government to support public functions and to fill capacity gaps in the Haitian government, especially at ministries that oversee the private sector and were disrupted by the January 12, 2010, earthquake. Requires the President to submit an annual report to Congress, th…
Summarized by Claude AI · Non-partisan · For informational purposes only