,,ii  #aae? ,,congress  #a/ ,session    
,s4 #hfd  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,april #f 7legislative 
day1 ,april #d71 #bjag,mrs4 ,%ahe5 7=   
h]self & ,mr4 ,wick]7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,=eign ,relations  ,a     
,,bill  ,to promote developm5t goals & !
 /r5g!n+ ( ! private sector 9 ,bosnia & 
,h]zegov9a4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,balkan ,economic       
,p>tn]%ip ,act4  #b4 ,purpose & f9d+s   
7a7 ,purpose ,! purpose ( ?is ,act is to
 support economic opportunity &         
political progress 9 ,bosnia &          
,h]zegov9a ?r\gh ! creation ( an        
ent]prise fund t w provide f9ancial     
inve/m5t & te*nical assi/ance to small &
 m$ium-siz$ ent]prises4  7b7 ,f9d+s     
,congress makes ! foll[+ f9d+s3 7#a7 ,! 
,unit$ ,/ates has a /rong int]e/ 9      
ensur+ ! ga9s 9 /ability &              
reconciliation made s9ce ! end ( !      
,bosnian ,w> 9 #aiie are n ov]tak5 by   
difficult economic conditions4  7#b7 ,9 

#bjad1 prote/s broke out across ,bosnia 
& ,h]zegov9a z a result ( widespread    
fru/ration among ! populace reg>d+ !    
economy1 :i* is curr5tly exp]i5c+ an    
unemploym5t rate ( m ?an #dj p]c5t4     
7#c7 7,a7 ,a crucial elem5t = economic  
progress 9 ,bosnia & ,h]zegov9a is robu/
 gr[? among small & m$ium-siz$          
ent]prises 7,s,m,es71 :i* h /ruggl$ to  
access necess>y f9anc+4  7,b7 ,al?\gh ! 
private sector cr$it-to-,,gdp ratio 9   
,bosnia & ,h]zegov9a grew f #be p]c5t 9 
#bjja to ov] #fe p]c5t 9 #bjjh1 x has   
fail$ to gr[ 9 ! ye>s s9ce1 & is        
significantly less ?an ! av]age =       
advanc$ economies4  7,c7 ,bank l5d+1 :i*
 grew simil>ly rapidly be=e #bjjh1 has  
gr[n b>ely m ?an #a p]c5t p] ye> s9ce   
!n4  7,d7 ,int]national f9ancial        
in/itutions & =eign-own$ private        
inve/m5t funds active 9 ,bosnia &       
,h]zegov9a h provid$ gr[? f9ance = l>g] 
companies & infra/ructure project       
f9anc+1 b h n sub/antially inve/$ 9     
,s,m,es4  7#d7 7,a7 ,bosnia &           

,h]zegov9a's demographic1 income &      
geographic *>act]i/ics are promis+ =    
,,sme gr[?4  7,b7 ,bosnia & ,h]zegov9a  
is a m>ket ( almo/ #d1jjj1jjj p1 ^: p]  
capita income has gr[n by almo/ #ej     
p]c5t 9 less ?an a decade1 & sub/antial 
gr[? rema9s 9 ord] to a*ieve income     
p>ity ) its ,balkan neighbor economies4 
7,c7 ,bosnia & ,h]zegov9a curr5tly      
imports almo/ #aj1jjj1jjj1jjj ( goods p]
 ye>1 a sub/antial portion ( :i* c\ld be
 sub/itut$ = by dome/ic ,,sme           
production4  7#e7 ,to help fo/] &       
support ! fl$gl+ private sector 9       
,c5tral & ,ea/]n ,europe aft] ! fall ( !
 ,b]l9 ,wall1 ,congress1 ?r\gh enactm5t 
( ! ,support = ,ea/ ,european ,democracy
 7,,se$7 ,act ( #aihi 7#bb ,u4,s4,c4    
#edja et seq47 & ! ,,fre$om ,support    
,act 7#bb ,u4,s4,c4 #ehja et seq471     
au?oriz$ ne>ly #a1bjj1jjj1jjj = ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t 7,,usaid7 to e/abli% #aj new
 inve/m5t funds 7collectively kn[n z !  
,ent]prise ,funds7 to bo? support       

economic developm5t objectives & realize
 sub/antial f9ancial returns4  7#f7 ,!  
,ent]prise ,funds-- 7,a7 *annel$        
approximately #aj1jjj1jjj1jjj ( public &
 private fund+ into m ?an #ejj          
ent]prises 9 #ai c\ntries2  7,b7 lev]ag$
 #f1ijj1jjj1jjj 9 private inve/m5t      
capital f outside ! ,unit$ ,/ates       
,gov]nm5t2  7,c7 provid$ sub/antial     
developm5t capital :]e supply 0 limit$2 
7,d7 creat$ or su/a9$ m ?an #cjj1jjj    
jobs ?r\gh inve/m5t & developm5t        
activities2  7,e7 fund$ #hj1jjj1jjj 9   
te*nical assi/ance to /r5g!n ! private  
sector2 &  7,f7 are expect$ to rec\p    
#agg p]c5t ( ! orig9al ,,usaid fund+4   
7#g7 ,ent]prise funds e/abli%$ 9        
p>tn]%ip ) ,unit$ ,/ates p>tn]s1 su* z  
,pol&1 ,hung>y1 ,albania1 ,russia1 & o!r
 ,european c\ntries1 h prov5 b5eficial  
to ! economies ( su* c\ntries4  7#h7    
,creat+ a simil> fund 9 close p>tn]%ip )
 ! p ( ,bosnia & ,h]zegov9a w\ld help   
su/a9 & exp& economic re=m ef=ts 9      
,bosnia & ,h]zegov9a & emp[]            

entrepr5eurs to create urg5tly ne$$     
employm5t opportunities4  7#i7 ,e/abli%+
 an ent]prise fund = ,bosnia &          
,h]zegov9a w\ld-- 7,a7 help improve     
f9ancial in/itutions )9 ! c\ntry2  7,b7 
provide debt1 equity1 & o!r inve/m5t    
vehicles = comm]cially viable ,s,m,es2 &
  7,c7 make ! inve/m5t environm5t m     
attractive to dome/ic & int]national    
inve/ors4  #c4 ,purposes ( ,bosnia &    
,h]zegov9a-,am]ican ,ent]prise ,fund    
7a7 ,9 g5]al ,! purpose ( ! ,bosnia &   
,h]zegov9a-,am]ican ,ent]prise ,fund is 
to promote m widely %>$ prosp]ity ?r\gh 
private sector developm5t & ! policies &
 practices conducive !reto 9 ,bosnia &  
,h]zegov9a1 includ+ ?r\gh loans1        
microloans1 equity inve/m5ts1 insurance1
 gu>antees1 grants1 feasibility /udies1 
te*nical assi/ance1 capacity build+ (   
inve/ees & o!r relevant organizations1  
jo9t v5tures1 & o!r measures4  7b7      
,promotion ( private sector developm5t  
,! ,bosnia & ,h]zegov9a-,am]ican        
,ent]prise ,fund %all promote private   

sector developm5t ?r\gh--  7#a7 !       
initiation & expansion ( employm5t &    
pr(itability ( private ent]prises1      
p>ticul>ly small & m$ium-siz$           
ent]prises2  7#b7 ! model+1 promotion1 &
 dissem9ation ( s\nd corporate gov]nance
 & law-abid+ ,we/]n bus9ess practices2  
7#c7 ! promotion ( policy re=ms to      
improve ! bus9ess enabl+ environm5t &   
facilitate =eign & dome/ic inve/m5t2 &  
7#d7 ! demon/ration t private sector    
inve/m5t c be und]tak5 pr(itably4  #d4  
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund  7a7 ,designation ,! ,presid5t is
 au?oriz$ to designate a private1       
nonpr(it organization 7to be kn[n z !   
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund7 to receive funds made available 
"u ?is ,act = ! purposes specifi$ 9     
section #c4  7b7 ,bo>d ( directors  7#a7
 ,appo9tm5t ,! ,bosnia &                
,h]zegov9a-,am]ican ,ent]prise ,fund    
%all be gov]n$ by a ,bo>d ( ,directors1 
:i* %all be compris$ ( #g private       
citiz5s ( ! ,unit$ ,/ates appo9t$ by !  

,presid5t ( ! ,unit$ ,/ates 9           
consultation ) ! ,adm9i/rator ( ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t4 ,! ,bo>d is au?oriz$ to    
elect up to #c additional memb]s :o are 
citiz5s ( ,bosnia & ,h]zegov9a if agre$ 
to unanim\sly by all memb]s ( ! ,bo>d4  
7#b7 ,qualifications  7,a7 ,bus9ess     
exp]i5ce ,f\r memb]s ( ! ,bo>d (        
,directors %all be select$ f among p :o 
h _h successful bus9ess c>e]s &         
demon/rat$ exp]i5ce & exp]tise 9        
int]national & p>ticul>ly em]g+ m>kets  
inve/m5t activities1 su* z private      
equity or v5ture capital inve/m5t1      
bank+1 f9ance1 /rategic bus9ess         
consult+1 or entrepr5eurial bus9ess     
creation1 & backgr\nds 9 priority       
bus9ess sectors ( ! ,fund4  7,b7        
,developm5t exp]i5ce ,?ree memb]s ( !   
,bo>d ( ,directors %all be select$ f    
among p ) significant prior exp]i5ce 9  
developm5t & an exp]t und]/&+ (         
developm5t priorities = ,bosnia &       
,h]zegov9a4  7#c7 ,unit$ ,/ates         

,gov]nm5t liaisons to ! bo>d ,!         
,presid5t %all appo9t ! ,unit$ ,/ates   
,ambassador to ,bosnia & ,h]zegov9a1 or 
! ,ambassador's designee1 z well z !    
,assi/ant ,adm9i/rator ( ! ,unit$ ,/ates
 ,ag5cy = ,int]national ,developm5t =   
,europe & ,eurasia1 or ! ,assi/ant      
,adm9i/rator's designee1 z liaisons to !
 bo>d4  7c7 ,grants  7#a7 ,9 g5]al ,!re 
is au?oriz$ to be appropriat$ = !       
,dep>tm5t ( ,/ate = fiscal ye> #bjah    
#cj1jjj1jjj--  7,a7 to c>ry out !       
purposes set =? 9 section #c ?r\gh !    
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund2 &  7,b7 to pay = ! adm9i/rative 
exp5ses ( ! ,bosnia &                   
,h]zegov9a-,am]ican ,ent]prise ,fund4   
7#b7 ,compliance requirem5ts  7,a7 ,9   
g5]al ,grants may n be aw>d$ to !       
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund "u ?is section unless ! ,fund    
agrees to comply ) ! requirem5ts "u ?is 
section4  7,b7 ,grant agreem5t ,! grant 
agreem5t betwe5 ! ,unit$ ,/ates ,ag5cy =
 ,int]national ,developm5t & ! ,bosnia &

 ,h]zegov9a-,am]ican ,ent]prise ,fund   
%all /ate t ! ,fund %all end its        
re9ve/m5t cycle n lat] ?an ,decemb] #ca1
 #bjcc1 unless ! ,secret>y ( ,/ate1 9   
consultation ) ! ,adm9i/rator ( ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t1 & aft] consultation ) !    
appropriate congressional committees1   
det]m9es t ! ,fund %\ld be ext5d$4  7,c7
 ,prev5tion ( money laund]+ & t]rori/   
f9anc+ ,! grant agreem5t betwe5 ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t & ! ,bosnia &               
,h]zegov9a-,am]ican ,ent]prise ,fund    
%all /ate t ! ,fund %all comply )       
proc$ures specifi$ by ! ,secret>y (     
,/ate to ensure t grant funds are n     
provid$ by ! ,fund to or ?r\gh any      
individual1 private or gov]nm5t entity1 
or educational in/itution t advocates1  
plans1 sponsors1 engages 91 or has      
engag$ 91 money laund]+ or t]rori/      
activity or1 ) respect to a private     
entity or educational in/itution1 t has 
z a pr9cipal (fic] ( ! entity's gov]n+  

bo>d or gov]n+ bo>d ( tru/ees any       
individual t has be5 det]m9$ to be      
involv$ 9 or advocat+ money laund]+ or  
t]rori/ activity or det]m9$ to be a     
memb] ( a designat$ =eign t]rori/       
organization4  7,d7 ,disposition (      
assets ,! assets ( ! ,bosnia &          
,h]zegov9a-,am]ican ,ent]prise ,fund at 
! "t ! ,fund is dissolv$ %all be return$
 to ! ,g5]al ,fund ( ! ,unit$ ,/ates    
,treasury & us$ to r$uce ! debt ( !     
,unit$ ,/ates4  7,e7 ,au?orization (    
legacy f\ndation ,9 ! ev5t ! assets ( ! 
,fund at ! end ( ! re9ve/m5t cycle      
specifi$ 9 subp>agraph 7,b7 exce$ !     
total am\nt appropriat$ or o!rwise made 
available to ! ,fund by ! ,unit$ ,/ates 
,gov]nm5t1 ! ,secret>y ( ,/ate1 9       
consultation ) ! ,adm9i/rator ( ! ,unit$
 ,/ates ,ag5cy = ,int]national          
,developm5t1 is au?oriz$ to direct any  
su* excess funds to a f\ndation =       
activities consi/5t ) ! purposes        
specifi$ 9 section #c4  7d7             
,notification  7#a7 ,9 g5]al ,n lat] ?an

 #ae days be=e designat+ an organization
 to op]ate z ! ,bosnia &                
,h]zegov9a-,am]ican ,ent]prise ,fund    
pursuant to subsection 7a71 ! ,presid5t 
%all provide ! in=mation describ$ 9     
p>agraph 7#b7 to ! ,*airman & ,rank+    
,memb] ( ! appropriate congressional    
committees4  7#b7 ,in=mation ,!         
in=mation describ$ 9 ?is p>agraph is--  
7,a7 ! id5tity ( ! organization to be   
designat$ to op]ate z ! ,bosnia &       
,h]zegov9a-,am]ican ,ent]prise ,fund    
pursuant to subsection 7a72  7,b7 ! "n &
 qualifications ( ! individual :o w s]ve
 z ,*airman ( ! ,bo>d ( ,directors2 &   
7,c7 ! am\nt ( ! grant int5d$ to fund ! 
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund ov] ! lifetime ( ! fund4  #e4    
,reports  7a7 ,adm9i/rative exp5ses ,n  
lat] ?an #a ye> aft] ! date ( ! enactm5t
 ( ?is ,act1 & annually !reaft] until ! 
,fund is dissolv$1 ! ,fund %all submit  
to ! appropriate congressional          
committees a report detail+ !           
adm9i/rative exp5ses ( ! ,fund1 includ+ 

any co/s incurr$ by private firms hir$  
to aid 9 ! managem5t ( ! fund4  7b7     
,,gao report  7#a7 ,initial report ,n   
lat] ?an #c ye>s aft] ! date ( !        
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all submit to 
! appropriate congressional committees a
 report t exam9es--  7,a7 ! /atus ( !   
,fund's inve/m5ts2  7,b7 ! ,fund's      
progress 9 e/abli%+ key managem5t       
/ructures to support its mission &      
op]ations2 &  7,c7 ! ext5t to :i* !     
,fund has compli$ ) requirem5ts 9 !     
grant agreem5ts4  7#b7 ,updates ,!      
,comptroll] ,g5]al %all1 = ! duration ( 
! ,fund & at ! reque/ ( ! appropriate   
congressional committees1 provide an    
updat$ report on ! ,fund & any successor
 organization4  7c7 ,indep5d5t reports  
,n lat] ?an ,july #a1 #bjbb1 & ,july #a1
 #bjcj1 ! ,adm9i/rator ( ! ,unit$ ,/ates
 ,ag5cy = ,int]national ,developm5t %all
 commission a report1 to be complet$ by 
an indep5d5t1 ?ird-p>ty organization1   
evaluat+ ! p]=mance ( ! ,bosnia &       

,h]zegov9a-,am]ican ,ent]prise ,fund )  
respect to ! purposes set =? 9 section  
#c4 ,! report %all be made available to 
! appropriate congressional committees4 
7d7 ,appropriate congressional          
committees def9$ ,9 ?is section1 ! t]m  
appropriate congressional committees    
means-- 7#a7 ! ,committee on ,=eign     
,relations & ! ,committee on            
,appropriations ( ! ,s5ate2 &  7#b7 !   
,committee on ,=eign ,affairs & !       
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives4  #f4 ,op]ation       
provisions  7a7 ,applicable provisions  
,subsections 7d77#e71 7g71 7h71 7i71    
7k71 7l71 7m71 7n71 7o71 & 7p7 ( section
 #bja ( ! ,support = ,ea/ ,european     
,democracy 7,,se$7 ,act ( #aihi 7#bb    
,u4,s4,c4 #edba7 %all apply ) respect to
 ! ,bosnia & ,h]zegov9a-,am]ican        
,ent]prise ,fund 9 ! same mann] z su*   
provisions apply to ,ent]prise ,funds   
designat$ pursuant to subsection 7d7 (  
su* section4  7b7 ,re9ve/m5t ,returns on
 inve/m5ts ( ! ,bosnia &                

,h]zegov9a-,am]ican ,ent]prise ,fund &  
o!r paym5ts to ! ,fund may be re9ve/$ by
 ! ,fund & us$ to fund non9ve/m5t       
projects )\t fur!r appropriation by     
,congress4  #g4 ,be/ practices &        
proc$ures ,to ! maximum ext5t           
practicable1 ! ,bo>d ( ,directors ( !   
,bosnia & ,h]zegov9a-,am]ican ,ent]prise
 ,fund %\ld adopt ! be/ practices &     
proc$ures us$ by ,ent]prise ,funds1     
includ+ ^? = :i* fund+ has be5 made     
available pursuant to section #bja ( !  
,support = ,ea/ ,european ,democracy    
7,,se$7 ,act ( #aihi 7#bb ,u4,s4,c4     
#edba74