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S 3227 114th Congress Senate International Affairs Economic development Foreign aid and international relief Public-private cooperation Rule of law and government transparency U.S. and foreign investments

Economic Growth and Development Act

Introduced: July 14, 2016 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 2016
Read twice and referred to the Committee on Foreign Relations.
Jul 14, 2016
Introduced in Senate
 Plain-English summary Congressional Research Service

Economic Growth and Development Act

This bill requires the President to: (1) establish a primary, interagency mechanism to assist the private sector in coordinating U.S. development programs with private sector investment activities; and (2) submit, annually, a strategy for the facilitation and coordination of private sector investments and activities for the purposes of development.

Such mechanism shall: (1) streamline and integrate private sector liaison, coordination, and investment promotion functions of U.S. development agencies; (2) facilitate the use of development and finance tools across such agencies to attract greater private sector participation in development activities; and (3) establish a single point of contact for the private sector for partnership opportunities with such agencies.

The Department of State and the U.S. Agency for International Development (USAID) shall direct their policy teams to include private sector facilitation and coordination in all country, sector, and global development strategies.

The State Department, USAID, and other relevant federal agencies shall ensure that analyses of rigorous, current constraints on growth and investment guide all such strategies.

What's happening now July 14, 2016

Read twice and referred to the Committee on Foreign Relations.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1