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North American Investment Fund Act

Introduced: June 29, 2006 Introduced by: Cornyn, John Republican · Texas See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 2006
Read twice and referred to the Committee on Foreign Relations.
Jun 29, 2006
Sponsor introductory remarks on measure. (CR S6806)
Jun 29, 2006
Introduced in Senate
 Plain-English summary Congressional Research Service

North American Investment Fund Act - Authorizes the President to negotiate with Canada and Mexico to create a North American Investment Fund to: (1) increase the global economic competitiveness of North America; (2) promote economic development in Mexico in the areas of infrastructure, education, technology, and job training; and (3) reduce the wealth gap between Mexico and Canada, and between Mexico and the United States.

States that the Fund shall: (1) be funded by all three countries, with conditions on U.S. and Canadian contributions based upon revenue measures to be taken by Mexico; and (2) operate for an initial ten-year period, and cease operation unless Canada, Mexico, and the United States agree to its continuation.

What's happening now June 29, 2006

Read twice and referred to the Committee on Foreign Relations.

 Committees of jurisdiction 1