A bill to amend the Foreign Assistance Act of 1961 to provide for the establishment of a Microenterprise Development Fund, and for other purposes.
Read twice and referred to the Committee on Foreign Relations.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Jun 24, 1993
Amends the Foreign Assistance Act of 1961 to establish a Microenterprise Development Fund within the agency primarily responsible for administering development assistance. Channels Fund monies through U.S. private and voluntary organizations, indigenous governmental and nongovernmental organizations, and credit union organizations. Earmarks Fund monies as follows: (1) 50 percent per fiscal year for poverty lending; and (2) five percent per fiscal year for research and evaluation of funded microenterprise activities. Requires the agency administrator to ensure that at least 60 percent of the borrowers of Fund monies are women.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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