A bill to amend the Microenterprise for Self-Reliance Act of 2000 and the Foreign Assistance Act of 1961 to increase assistance for the poorest people in developing countries under microenterprise assistance programs under those Acts, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

2 October 2002

Last action

2 October 2002 · Introduced

Status

Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S9851-9852)

Summary

Amends the Microenterprise for Self-Reliance Act of 2000 to make as one of its purposes that in implementation of this Act at least 50 percent of all microenterprise assistance be targeted to the very poor, that is, those persons living either in the bottom 50 percent below the poverty line or on less than the equivalent of one dollar per day. Amends the Foreign Assistance Act of 1964 to authorize the President to provide assistance to increase the availability of financial services (not just credit) to microenterprise households lacking full access to credit, including through: (1) loans and guarantees to microfinance institutions to expand the availability of savings and credit to poor and low-income households; (2) training programs to enable such institutions to better meet the financial services needs of their clients; and (3) training programs to enable clients to make better use of credit, increase their financial literacy, and to better manage their enterprises to improve their quality of life. Declares that, in order to maximize the sustainable development impact of microenterprise development grant assistance authorized under the Act, the Administrator of the agency primarily responsible for administering such assistance shall establish a monitoring system that, among other things, adopts the widespread use of proven and effective poverty assessment tools to identify the poorest of the poor and ensure that they receive needed microenterprise credits, loans, and assistance. Requires the Administrator of the Agency for International Development to develop and certify no fewer than two low-cost methods for measuring the poverty levels of the current or prospective clients of microenterprise organizations for purposes of the provision of microenterprise development grant assistance.

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

Timeline

2 October 2002
Introduced
Introduced in Senate
Source: IntroReferral
2 October 2002
Introduced
Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S9851-9852)
Source: IntroReferral
2 October 2002
Introduced
Sponsor introductory remarks on measure. (CR S9850-9851)
Source: IntroReferral

Votes

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Versions

Introduced in Senate · 2 October 2002 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 2 October 2002
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Introduced in Senate (PDF)
Introduced in Senate · EN · 2 October 2002
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Introduced in Senate
summary · EN · 2 October 2002
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/107th-congress/senate-bill/3032
Open data entity: https://api.congress.gov/v3/bill/107/s/3032
us · 107-s-3032 · source updated 7 April 2025