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S 954 112th Congress Senate International Affairs Agricultural trade Business investment and capital Caribbean area Congressional oversight Foreign aid and international relief Foreign loans and debt Fraud offenses and financial crimes Haiti Latin America Small business Social work, volunteer service, charitable organizations Terrorism

Haitian-American Enterprise Fund Act

Introduced: May 11, 2011 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
Aug 30, 2011
Placed on Senate Legislative Calendar under General Orders. Calendar No. 147.
Aug 30, 2011
Committee on Foreign Relations. Reported by Senator Kerry under authority of the order of the Senate of 08/02/2011 without amendment. With written report No. 112-67.
May 17, 2011
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
May 11, 2011
Read twice and referred to the Committee on Foreign Relations.
May 11, 2011
Sponsor introductory remarks on measure. (CR S2889)
May 11, 2011
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.)

Haitian-American Enterprise Fund Act - Authorizes the President, after congressional consultation, to designate a private, nonprofit organization as the Haitian-American Enterprise Fund to receive financial assistance and support under this Act.

States that a grant agreement between the United States Agency for International Development (USAID) and the Fund shall: (1) require the Fund to end its reinvestment cycle not later than December 31, 2021, unless extended by USAID; (2) provide for the prevention of money laundering and terrorist financing; and (3) require any remaining Fund assets to be returned to the Treasury for debt reduction purposes.

States that the Fund's Board of Directors should 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.

Authorizes appropriations.

What's happening now August 30, 2011

Placed on Senate Legislative Calendar under General Orders. Calendar No. 147.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1