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S 3665 111th Congress Senate International Affairs Asia Business investment and capital Congressional oversight Corporate finance and management Economic development Electric power generation and transmission Foreign aid and international relief Foreign loans and debt Pakistan Small business Social work, volunteer service, charitable organizations Tax administration and collection, taxpayers

Pakistani-American Enterprise Fund Act

Introduced: July 29, 2010 See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2010
Placed on Senate Legislative Calendar under General Orders. Calendar No. 652.
Nov 19, 2010
Committee on Foreign Relations. Reported by Senator Kerry without amendment. With written report No. 111-353.
Sep 21, 2010
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Jul 29, 2010
Read twice and referred to the Committee on Foreign Relations.
Jul 29, 2010
Sponsor introductory remarks on measure. (CR S6521-6522)
Jul 29, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Pakistani-American Enterprise Fund Act - Authorizes the President to designate a private, nonprofit organization based in Pakistan (the Pakistani-American Enterprise Fund) to receive funds and support to promote and strengthen the private sector in Pakistan.

States that the grant agreement between the United States Agency for International Development (USAID) and the Fund shall require the Fund to: (1) liquidate its assets and dissolve not later than December 31, 2020, unless USAID determines after congressional consultation that the Fund should be extended; and (2) prevent funds from being used for money laundering and terrorist financing.

Requires: (1) an annual Fund report to Congress; and (2) a Government Accountability Office (GAO) report to Congress every three years regarding Fund activities.

Urges the Fund's Board of Directors to adopt the best practices and procedures used by Enterprise Funds, including those for which funding has been made available pursuant to the Support for East European Democracy (SEED) Act of 1989.

What's happening now November 19, 2010

Placed on Senate Legislative Calendar under General Orders. Calendar No. 652.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1