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H.R.5899 / 110th Congress

Iraq Shared Investment Act

Referred to the Committee on Armed Services, and in addition to the Committee on Foreign Affairs, 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.

Official summary

Version 00 · Introduced in House · Apr 24, 2008

Iraq Shared Investment Act - Requires that amounts made available under the Iraq Security Forces Fund shall be provided as loans subject to full repayment to the U.S. government.

Amends the National Defense Authorization Act for Fiscal Year 2006 to provide that: (1) for each of FY2008-FY2009, the Secretary of Defense shall withhold from obligation and expenditure not less than 20% of the amount made available for the Commanders' Emergency Response Program until the Secretary certifies to the congressional defense committees that the government of Iraq has agreed to provide an amount equal to 20% of the amount made available under the Commanders' Emergency Response Program from its own resources to be used to enable military commanders in Iraq to respond to urgent humanitarian relief and reconstruction requirements; and (2) if the Secretary is unable to make such certification the amount withheld from obligation and expenditure shall be available for national debt reduction.

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Who introduced it

Rep. Boyd, Allen [D-FL-2] · D–FL

Committees

  • Foreign Affairs Committee
  • Armed Services Committee
9 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Committee on Armed Services, and in addition to the Committee on Foreign Affairs, 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.

  2. Referred to the Committee on Armed Services, and in addition to the Committee on Foreign Affairs, 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.

  3. Referred to the Committee on Armed Services, and in addition to the Committee on Foreign Affairs, 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.

  4. Introduced in House

  5. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.5899 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

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Individual rights and government power

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