,i #aaeth ,,congress #ast ,session ,h4 ,r4 #bgdg ,,in ,,the ,,house ,,of ,,representatives ,may #be1 #bjag,mr4 ,yoho 7for himself1 ,mr4 ,smith of ,washington1 ,mr4 ,kinzinger1 ,mr4 ,rush1 ,mr4 ,thomas ,j4 ,rooney of ,florida1 ,mr4 ,ellison1 and ,mr4 ,polis7 introduced the following bill2 which was referred to the ,committee on ,foreign ,affairs ,a ,,bill ,to catalyze market-based economic growth in developing countries1 create opportunities for the private sector of the ,united ,states to effectively engage in foreign assistance programs1 improve planning and coordination among relevant ,united ,states departments and agencies1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,economic ,growth and ,development ,act4 #b4 ,sense of ,congress on ,united ,states development assistance ,it is the sense of ,congress that-- 7#a7 ,united ,states development assistance-- 7,a7 is most effective in countries with governments that demonstrate a commitment to the rule of law1 human rights1 investing in their own people1 combating corruption1 and creating a policy environment and legal framework that enables trade1 investment1 and enduring economic growth2 7,b7 is most likely to produce sustainable results when it aligns with the development priorities of the recipient country1 creates opportunities for growth lead by the private sector1 and complements rather than replacing government investments in priority sectors through a transparent and accountable system of domestic resource mobilization2 7,c7 should be guided by a unified strategy1 ambitious targets1 and robust monitoring and evaluation to ensure that it is efficient1 effective1 and results-oriented2 7,d7 should be targeted in recipient countries in a manner that-- 7i7 advances the rule of law2 7ii7 builds and strengthens civic institutions and trade capacity2 7iii7 addresses binding constraints to market-based economic growth2 7iv7 catalyzes private sector investment in key development areas1 such as utilities1 infrastructure1 agriculture1 health1 and education2 7v7 promotes transparency and accountability among donors1 governments1 and citizens2 and 7vi7 places recipient countries on a trajectory toward graduation from foreign assistance2 and 7,e7 should prioritize and better coordinate resources that support enhanced trade capacity and facilitate fairer and more sustainable trade with partner countries2 and 7#b7 ,united ,states development finance programs1 which mobilize private capital to achieve development objectives and may soon outpace traditional grant-based assistance programs in terms of total capital investments1 should-- 7,a7 be appropriately leveraged to complement1 rather than replace1 other forms of private capital2 7,b7 drive inclusive1 enduring economic growth2 and 7,c7 have stability and predictability by being provided a multi-year authorization4 #c4 ,interagency mechanism to coordinate ,united ,states development programs and private sector investment 7a7 ,in general ,the ,president shall establish a primary interagency mechanism to coordinate ,united ,states development assistance programs carried out by ,federal departments and agencies engaged in planning or providing such assistance overseas with the investment activities of the private sector4 7b7 ,duties ,the interagency mechanism established under subsection 7a7 shall-- 7#a7 streamline the private-sector liaison1 coordination1 and investment promotion functions of such ,federal departments and agencies2 7#b7 facilitate the use of development and finance tools across such ,federal departments and agencies to attract greater participation in development activities by the private sector2 and 7#c7 establish a single point of contact for entities in the private sector of the ,united ,states to pursue partnership opportunities with such ,federal departments and agencies4 7c7 ,annual report ,not later than one year after the date of the enactment of this ,act1 and annually thereafter through #bjbb1 the ,president shall submit to the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a report evaluating the progress of the interagency mechanism in carrying out the duties described in subsection 7b74 #d4 ,development strategies 7a7 ,in general ,the heads of ,federal departments and agencies engaged in planning or providing ,united ,states development assistance overseas shall ensure that-- 7#a7 a rigorous analysis of the constraints to economic growth and investment within a country receiving such assistance guides any development strategy of the ,united ,states with respect to such country2 and 7#b7 the development strategies of the ,united ,states are coordinated with activities carried out by the private sector within countries receiving such assistance1 to the greatest extent practicable and appropriate4 7b7 ,matters ,to be included ,each analysis required under subsection 7a77#a7 shall include an identification and analysis of-- 7#a7 the constraints posed by inadequacies in critical infrastructure1 the education system1 the rule of law1 the tax and investment codes1 or the customs or regulatory regimes in the recipient country2 and 7#b7 the particular economic sectors1 such as the agriculture1 transportation1 energy1 education1 or financial services sectors1 that are central to achieving economic growth in the recipient country4 7c7 ,results ,the results of each analysis required under subsection 7a77#a7 shall be-- 7#a7 incorporated into any relevant development strategy1 as defined in subsection 7d72 and 7#b7 used to inform and guide the allocation of resources by ,federal departments and agencies engaged in planning or providing ,united ,states development assistance overseas4 7d7 ,development strategy defined ,in this section1 the term development strategy means any global1 sectoral1 or country development strategy of the ,united ,states and includes any integrated country strategy1 regional or functional strategy1 country development cooperation strategy1 or mission strategic resource plan4