PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Foreign Relations.
Congressional Research Service
Version 00 · Introduced in Senate · Jul 14, 2016
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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Sen. Isakson, Johnny [R-GA] · R–GA
Legislative record
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Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Primary sources
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Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.
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