PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Domestic and International Monetary Policy.
Congressional Research Service
Version 00 · Introduced in House · Feb 4, 1997
Prohibits the obligation or expenditure of funds made available to the U.S. Agency for International Development (AID) for assistance to specified private sector development enterprise funds for foreign countries. Prohibits the President from establishing any new private sector development enterprise funds. Prohibits the expenditure of funds appropriated to AID for assistance to any private sector development enterprise fund in which the European Bank for Reconstruction and Development (or any other international financial institution of which the United States is a member) participates, or which is financed by that Bank or institution, including: (1) the Russia Small Business Fund; (2) the Regional Venture Fund for the Lower Volga Region; and (3) the Slovenia Development Capital Fund. Directs the President to instruct the U.S. Executive Director of the World Bank and any other international financial institution of which the United States is a member to use the U.S. vote to oppose participation of the World Bank or that institution in, or financing by that Bank or institution of, any private sector development enterprise fund named in this Act.
People & committees
Rep. Traficant, James A., Jr. [D-OH-17] · D–OH
Legislative record
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Referred to the Subcommittee on Domestic and International Monetary Policy.
Referred to House Banking and Financial Services
Referred to the Committee on International Relations, and in addition to the Committee on Banking and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House International Relations
Introduced in House
Introduced in House
Primary sources
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Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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