To provide for the phase-out of existing private sector development enterprise funds for foreign countries and to prohibit the establishment of, or the support for, new private sector development enterprise funds, and for other purposes.

Summary

Prohibits the obligation or expenditure of funds made available to the U.S. Agency for International Development (AID) for assistance to specified private sector development enterprise funds for foreign countries. Prohibits the President from establishing any new private sector development enterprise funds. Prohibits the expenditure of funds appropriated to AID for assistance to any private sector development enterprise fund in which the European Bank for Reconstruction and Development (or any other international financial institution of which the United States is a member) participates, or which is financed by that Bank or institution, including: (1) the Russia Small Business Fund; (2) the Regional Venture Fund for the Lower Volga Region; and (3) the Slovenia Development Capital Fund. Directs the President to instruct the U.S. Executive Director of the World Bank and any other international financial institution of which the United States is a member to use the U.S. vote to oppose participation of the World Bank or that institution in, or financing by that Bank or institution of, any private sector development enterprise fund named in this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

2. 4 February 1997

   Introduced

   Referred to House International Relations

   Source: IntroReferral

3. 4 February 1997

   Introduced

   Referred to the Committee on International Relations, and in addition to the Committee on Banking and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

4. 4 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 14 February 1997

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 February 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 February 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 February 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 February 1997

  Open at official source

Sponsors

• Rep. Traficant, James A., Jr. [D-OH-17] · D · Sponsor
• Rep. Dellums, Ronald V. [D-CA-8] · D · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• · hsba00 · Standing
• · hsfa00 · Standing

Related records

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