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HR 1608 102th Congress House International Affairs American economic assistance Developing countries Foreign exchange Foreign loans Small business Women

Microenterprise Development Act of 1991

Introduced: March 22, 1991 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 1991
Subcommittee Consideration and Mark-up Session Held.
Apr 18, 1991
Forwarded by Subcommittee to Full Committee.
Apr 17, 1991
Referred to the Subcommittee on International Economic Policy and Trade.
Mar 22, 1991
Referred to the House Committee on Foreign Affairs.
Mar 22, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Microenterprise Development Act of 1991 - Authorizes the President, acting through the Administrator of the Agency for International Development (AID), to provide assistance for microenterprises in developing countries. Directs AID to establish specified criteria for determining the financial intermediaries that will receive such assistance. Requires a significant portion of such assistance to be used to support direct credit assistance by, and the institutional development of, financial intermediaries with a primary emphasis on assisting people living in absolute poverty, especially women. Outlines funding sources for such assistance.

Permits the President, in order to generate local currencies for providing such assistance, to use development and economic support fund assistance to provide assistance to developing countries on a loan basis repayable in local currencies.

Sets forth minimum levels of assistance to be provided under this Act.

Requires the Administrator to develop a monitoring system to evaluate AID's microenterprise development activities.

What's happening now April 18, 1991

Subcommittee Consideration and Mark-up Session Held.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1