,i #aag? ,,congress #b;d ,session ,h4 ,r4 #fdee ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bj1 #bjbb,mr4 ,mc,caul 7= himself & ,mrs4 ,murphy ( ,florida7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to promote1 facilitate1 & increase two-way trade & inve/m5t betwe5 ! ,unit$ ,/ates & ,africa4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,prosp] ,africa ,act4 #b4 ,/atem5t ( policy ,x is ! policy ( ! ,unit$ ,/ates to promote1 facilitate1 & increase two-way trade & inve/m5t betwe5 ! ,unit$ ,/ates & ,african c\ntries to /r5g!n comm]cial ties1 promote economic gr[? & job creation1 & advance /rategic p>tn]%ips4 #c4 ,prosp] ,africa ,initiative 7a7 ,e/abli%m5t ,! ,presid5t %all e/abli% an initiative to be kn[n z ! ,prosp] ,africa ,initiative 79 ?is ,act ref]r$ to z ! ,initiative74 7b7 ,purposes ,! purposes ( ! ,initiative %all be to prioritize & coord9ate ,unit$ ,/ates ,gov]nm5t programs1 activities1 & diplomatic ef=ts aim$ at increas+ two-way trade & inve/m5t betwe5 ! ,unit$ ,/ates & ,africa1 includ+ to-- 7#a7 id5tify1 promote1 & increase trade & inve/m5t opportunities1 facilitate bus9ess & inve/or engagem5t1 & support dissem9ation ( data & m>ket in=mation to bett] in=m ,unit$ ,/ates bus9esses & inve/ors ( trade & inve/m5t opportunities across ,africa2 7#b7 support ef=ts ( ! ,unit$ ,/ates & ,african private sectors to access1 navigate1 deep51 & compete 9 ,african & global capital m>kets us+ a private sector-l$ & sector-specific approa* t includes en]gy1 agriculture1 in=mation & communications te*nology1 heal?c>e1 f9ancial s]vices1 arts & ent]ta9m5t1 & infra/ructure2 7#c7 mod]nize1 /reaml9e1 & improve access to res\rces & s]vices design$ to promote increas$ trade & inve/m5t opportunities = ,unit$ ,/ates & ,african bus9esses & inve/ors2 7#d7 promote economic gr[? & job creation 9 ! ,unit$ ,/ates & ,africa1 :ile advanc+ /rategic p>tn]%ips2 & 7#e7 id5tify policy1 regulatory1 & legal re=ms ne$$ to r$uce trade & inve/m5t b>ri]s betwe5 ! ,unit$ ,/ates & ,africa & improve ! bus9ess & inve/m5t climate 9 ! ,unit$ ,/ates & ,africa1 includ+ ?r\gh ! r$uction ( ! co/ ( access+ capital4 #d4 ,lead]%ip & coord9ation ( ,initiative 7a7 ,directorate ,! ,presid5t %all e/abli% a directorate to be kn[n z ! ,prosp] ,africa ,directorate 79 ?is ,act ref]r$ to z ! ,directorate74 7b7 ,executive ,director ,! ,presid5t %all appo9t an ,executive ,director ( ! ,directorate :o %all be responsible = ! managem5t1 coord9ation1 & in=mation %>+ functions ( ! ,prosp] ,africa ,initiative e/abli%$ pursuant to section #c7;a7 & o!r duties t support ! purposes ( ! ,initiative describ$ 9 section #c7;b7 z appropriate4 7c7 ,duties ,! ,executive ,director %all be responsible =-- 7#a7 conv5+ relevant ,f$]al dep>tm5ts & ag5cies to coord9ate programs1 assi/ance1 communications1 & /akehold] engagem5t1 & consult+ ) su* dep>tm5ts & ag5cies on ! appropriate levels & allocation ( res\rces 9 support ( a*iev+ ! /rategic objectives ( ! ,initiative2 7#b7 plann+ & implem5t+ in=mation %>+ & o!r collaboration ef=ts among relevant ,f$]al dep>tm5ts & ag5cies1 & ! private sector z appropriate1 relat$ to trade & inve/m5t opportunities1 ,african capital m>kets1 & relevant transactions 9 ,africa & support = monitor+1 evaluation1 & transaction facilitation2 7#c7 engag+ ) ,unit$ ,/ates & ,african private sector p>tn]s1 civil society organizations1 nongov]nm5tal organizations & ! ,african diaspora community1 z appropriate1 to solicit input & fe$back on ! ,initiative's activities1 z well z any te*nical1 policy1 f9ancial1 & political ob/acles private sector p>tn]s enc\nt] 9 access+ or exp&+ 9 ,african m>kets or ga9+ access to capital = ^? purposes2 & 7#d7 e/abli%+ measurable goals & objectives = ! purposes ( c>ry+ out ! ,initiative4 7d7 ,lead]%ip committee 7#a7 ,9 g5]al ,! ,presid5t %all e/abli% an int]ag5cy lead]%ip committee 79 ?is subsection ref]r$ to z ! committee7 to provide /rategic guidance = adm9i/]+ ! objectives ( ! ,initiative & s]ve z ! ,unit$ ,/ates int]ag5cy /rategic developm5t & coord9ation body = ef=ts ( relevant ,f$]al dep>tm5ts & ag5cies4 7#b7 ,memb]%ip ,! committee %all include repres5tatives f relevant ,f$]al dep>tm5ts & ag5cies1 z det]m9$ appropriate by ! ,presid5t4 7#c7 ,*airp]son ,! ,executive ,director ( ! ,directorate %all s]ve z *airp]son ( ! committee4 7#d7 ,meet+s ,! committee %all meet n less ?an f\r times ea* ye> at ! call ( ! ,executive ,director ( ! ,directorate 7or ! ,director's designee74 7e7 ,/aff+ & field pres5ce ,subject to ! availability ( appropriations-- 7#a7 ! ,directorate %all be support$ by at lea/ #f full-"t employees ( ! ,f$]al ,gov]nm5t1 :i* %\ld include p]sonnel detail$ to ! ,directorate f relevant ,f$]al dep>tm5ts & ag5cies1 :o are /ation$ 9 ,africa & ^: sole duties are to support ! purposes (-- 7,a7 ! ,initiative describ$ 9 section #c7;b72 or 7,b7 ! provisions ( ! ,bett] ,utilization ( ,inve/m5ts ,lead+ to ,developm5t ,act ( #bjah 7,public ,law #aaf-bhc7 ) respect to ,africa & 9 compliance ) ! requirem5ts ( ! ,*ampion+ ,am]ican ,bus9ess ,?r\gh ,diplomacy ,act ( #bjai 7,public ,law #aaf-id2 #bb ,u4,s4,c4 #iija et seq472 & 7#b7 relevant ,f$]al dep>tm5ts & ag5cies %\ld detail p]sonnel to ! ,directorate at ! ,directorate's (fices 9 ! ,unit$ ,/ates4 7f7 ,deal teams 7#a7 ,9 g5]al ,! ,prosp] ,africa ,initiative e/abli%$ pursuant to section #c7;a7 %all be support$ by designat$ embassy /aff hold+ positions relat$ to ,unit$ ,/ates comm]cial & economic int]e/s at ,unit$ ,/ates embassies locat$ 9 ,africa1 to ! ext5t practicable4 ,su* designat$ embassy /aff at a ,unit$ ,/ates embassy locat$ 9 ,africa %all be ref]r$ to z a deal team = purposes ( ?is subsection4 7#b7 ,duties ,ea* deal team %all prioritize ef=ts to id5tify comm]cial opportunities1 advocate = improvem5ts 9 ! bus9ess & inve/m5t climate1 engage & consult ) private sector p>tn]s1 & report on su* activities1 9 compliance ) ! applicable requirem5ts ( ! ,*ampion+ ,am]ican ,bus9ess ,?r\gh ,diplomacy ,act ( #bjai 7,public ,law #aaf-id2 #bb ,u4,s4,c4 #iija et seq474 #e4 ,inve/m5t promotion & trade capacity build+ assi/ance 7a7 ,9 g5]al ,! ,presid5t1 act+ ?r\gh ! ,executive ,director ( ! ,directorate1 %all develop & implem5t policies t promote1 facilitate1 & increase two-way trade & inve/m5t betwe5 ! ,unit$ ,/ates & ,africa1 includ+ by provid+ support =-- 7#a7 activities to advance trade capacity build+ assi/ance1 z au?oriz$ by ! ,african ,gr[? & ,opportunity ,act & ,mill5nium ,*all5ge ,mod]nization ,act 7,public ,law #aae-afg7 & ! am5dm5ts made by t ,act1 & o!r applicable /atutes2 7#b7 id5tification & developm5t ( inve/m5t opportunities = ! ,unit$ ,/ates private sector 9 p>tn] c\ntries & ef=ts to facilitate & promote trade & inve/m5t opportunities 9 ! ,unit$ ,/ates & ,africa2 7#c7 analysis ( m>ket sy/ems1 tr5ds1 prospects & opportunities = value-addition1 includ+ risk assessm5ts & con/ra9ts analyses ( key sectors & ,unit$ ,/ates /rategic competitiv5ess1 & o!r report+ on comm]cial opportunities & inve/m5t climate 9 ,africa2 7#d7 outrea* & engagem5t ) small & m$ium-siz$ ent]prises 9 ,africa or do+ bus9ess ) ,african p>tn]s1 includ+ wom5-l$ & diaspora-own$ bus9esses2 7#e7 ef=ts to lev]age res\rces & exp]tise to l[] non-t>iff b>ri]s to trade & inve/m5t 9 ,africa1 su* z ,african ent]prise access to capital1 & to g5]ally promote a conducive bus9ess climate = private sector inve/m5t2 7#f7 te*nical assi/ance to ! ,african ,union & regional economic communities to implem5t ! ,african ,cont95tal ,free ,trade ,area & support regional economic integration2 & 7#g7 developm5t ( local ,african capital m>kets & ,africa's access to l[] co/1 long]-t]m capital on global capital m>kets1 includ+ improv+ ,african inve/m5t read9ess1 increas+ ! availability ( m>ket-bas$ risk mitigation tools & improv+ ! reliability & availability ( inve/m5t data1 to promote ! l>g]-scale1 /&>diz$1 transp>5t inve/m5t fl[s ask$ = by inve/ors4 7b7 ,priority ,9 provid+ assi/ance to c>ry out ! activities describ$ 9 subsection 7a71 ! ,presid5t %\ld consid] ,unit$ ,/ates /rategic int]e/s :5 allocat+ su* assi/ance & give priority = activities 9 c\ntries t-- 7#a7 h demon/rat$ support = economic policies t promote ! developm5t ( private ent]prise1 includ+ =eign direct inve/m5t1 & tak5 /eps to improve a bus9ess enabl+ environm5t t c\ld b5efit ! ,unit$ ,/ates private sector & economy if su* assi/ance is provid$2 or 7#b7 are designat$ by ! ,presid5t-- 7,a7 z an eligible sub-,sah>an ,african c\ntry "u ! ,african ,gr[? & ,opportunity ,act 7#ai ,u4,s4,c4 #cgjc72 7,b7 z meet+ ! ?re%old requirem5ts to ent] into an agreem5t ) ! ,unit$ ,/ates "u section #fji ( ! ,mill5nium ,*all5ge ,act ( #bjjc 7#bb ,u4,s4,c4 #ggjh2 relat+ to ,mill5nium ,*all5ge ,compact72 or 7,c7 z a b5efici>y develop+ c\ntry "u section #ejb or #ejf;,a ( ! ,trade ,act ( #aigd 7#ai ,u4,s4,c4 #bdfb or #bdff;a7 & has ratifi$ & tak5 /eps to implem5t ! ,african ,cont95tal ,free ,trade ,area4 #f4 ,advisory c\ncil 7a7 ,e/abli%m5t ,! ,presid5t %all e/abli% an advisory c\ncil-- 7#a7 to advise ! ,presid5t1 & o!rs z appropriate1 on ! ext5t to :i* ! ,directorate & relevant ,f$]al dep>tm5ts & ag5cies are meet+ _! objectives "u ?is ,act1 & provide sugge/ions = improvem5ts ) respect to meet+ ^? objectives1 includ+ implem5tation *all5ges & opportunities2 & 7#b7 to support ef=ts to id5tify1 promote1 & facilitate opportunities to exp& comm]cial ties betwe5 ! ,unit$ ,/ates & ,africa4 7b7 ,memb]%ip 7#a7 ,9 g5]al ,! advisory c\ncil %all be compos$ (-- 7,a7 n less ?an #ab memb]s appo9t$ by ! ,presid5t1 9 consultation ) ! ,executive ,director ( ! ,directorate & ,congress1 f among individuals ) significant exp]i5ce inve/+ & op]at+ 9 ,africa1 includ+ repres5tatives ( ,unit$ ,/ates & ,african diaspora-own$1 wom5-own$1 & small & m$ium-siz$ ent]prises2 & 7,b7 ! co-*airs or two appropriate designees ( ! ,presid5t's ,advisory ,c\ncil on ,do+ ,bus9ess 9 ,africa1 z e/abli%$ by ,executive ,ord] #acgcd4 7#b7 ,t]ms2 reappo9tm5t ,ea* ( ! memb]s ( ! advisory c\ncil-- 7,a7 %all s]ve a t]m ( #b ye>s2 & 7,b7 may be reappo9t$ = "o additional t]m4 7#c7 ,deadl9e = appo9tm5t ,ea* ( ! memb]s ( ! advisory c\ncil %all be appo9t$ "u p>agraph 7#a7 n lat] ?an #ij days aft] ! date on :i* ! ,presid5t e/abli%es ! ,advisory ,committee "u subsection 7a74 7#d7 ,vacancies ,a vacancy 9 ! ,advisory ,c\ncil %all be fill$ 9 ! mann] 9 :i* ! orig9al appo9tm5t 0 made4 7c7 ,*airp]son 7#a7 ,9 g5]al ,! ,executive ,director ( ! ,directorate %all appo9t a *airp]son ( ! advisory committee f among ! memb]s ( ! advisory committee appo9t$ "u p>agraph 7#a74 7#b7 ,t]ms2 reappo9tm5t ,! *airp]son ( ! advisory committee-- 7,a7 %all s]ve a t]m ( #b ye>s2 & 7,b7 may n be reappo9t$4 7d7 ,prohibition on comp5sation ,memb]s ( ! advisory c\ncil may n receive pay1 all[ances1 or b5efits by reason ( _! s]vice on ! advisory committee4 7e7 ,meet+s ,! advisory c\ncil %all meet at ! call ( ! ,executive ,director4 #g4 ,unit$ ,/ates-,african ,lead]s ,summit ,! ,presid5t %all seek to conv5e on a bi5nial basis a meet+ betwe5 ! ,unit$ ,/ates ,gov]nm5t & heads ( /ate ( c\ntries ( ,africa1 to be kn[n z ! ,unit$ ,/ates-,african ,lead]s ,summit1 = purposes ( advanc+ %>$ priorities & /r5g!n+ diplomatic1 economic1 & security p>tn]%ips 9 ,africa4 #h4 ,unit$ ,/ates /rategy to promote trade & inve/m5t 9 ,africa 7a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t1 9 consultation ) ! heads ( ! relevant ,f$]al dep>tm5ts & ag5cies1 %all submit to ! appropriate congressional committees & make publicly available a s+le gov]nm5t-wide /rategy1 to be kn[n z ! ,prosp] ,africa ,/rategy1 t provides a detail$ description ( h[ ! ,unit$ ,/ates int5ds to fulfill ! policy objectives ( ?is ,act4 7b7 ,matt]s ,to be includ$ ,! /rategy requir$ by subsection 7a7 %all-- 7#a7 support & be align$ ) o!r relevant /rategies ( ! ,unit$ ,/ates ,gov]nm5t2 7#b7 outl9e a plan to enhance coord9ation & in=mation %>+ among relevant ,f$]al dep>tm5ts & ag5cies on inve/m5t climate & opportunities & provide support to p5d+ transactions1 & 7#c7 include specific & measurable goals1 b5*m>ks1 p]=mance metrics1 & timetables to c>ry out ! purposes ( ?is ,act1 & tra9+1 monitor+1 & evaluation plans to ensure ! acc\ntability & effectiv5ess ( all policies & initiatives c>ri$ out "u ! /rategy4 7c7 ,specific implem5tation plan ,! /rategy requir$ by subsection 7a7 %all include a specific implem5tation plan1 9 coord9ation ) ! recomm5dations & activities ( ! ,economic ,diplomacy ,action ,gr\p z requir$ by section #gjh7;c7 ( ! ,*ampion+ ,am]ican ,bus9ess ,?r\gh ,diplomacy ,act ( #bjai 7,public ,law #aaf-id2 #bb ,u4,s4,c4 #iijd7 f ea* ( ! relevant ,f$]al dep>tm5ts & ag5cies t describes-- 7#a7 ! anticipat$ contributions ( ! dep>tm5t or ag5cy1 includ+ te*nical1 f9ancial1 & 9-k9d contributions1 to implem5t ! /rategy2 7#b7 ! ef=ts ( ! dep>tm5t or ag5cy to ensure t ! policies & initiatives c>ri$ out pursuant to ! /rategy are design$ to a*ieve maximum impact & effectiv5ess & progress made t[>d a*iev+ ! goals1 b5*m>ks1 p]=mance metrics1 & timetables outl9$ 9 subsection 7b77#c72 & 7#c7 recomm5dations on necess>y res\rces1 includ+ /aff+1 to exp& ef=ts to promote trade & inve/m5t betwe5 ! ,unit$ ,/ates & ,africa4 #i4 ,report ,n lat] ?an #ahj days aft] ! submission ( ! /rategy requir$ by section #h7;a71 & annually !reaft] until #bjbf1 ! ,presid5t %all submit to ! appropriate congressional committees a report1 9 coord9ation ) ! report requir$ by ! ,*ampion+ ,am]ican ,bus9ess ,?r\gh ,diplomacy ,act ( #bjai 7,public ,law #aaf-id2 #bb ,u4,s4,c4 #iija et seq471 t-- 7#a7 summ>izes & evaluates ! implem5tation ( ,unit$ ,/ates diplomatic ef=ts & =eign assi/ance programs1 projects1 & activities to advance ! policy objectives set =? 9 section #b2 7#b7 describes ! nature & ext5t ( coord9ation among relevant ,f$]al dep>tm5ts & ag5cies1 includ+ a summ>y ( activities & engagem5ts ( ! ,directorate & ! int]ag5cy lead]%ip committee e/abli%$ pursuant to section #d7;d72 7#c7 provides data on goals id5tifi$ = f9ancial commitm5ts "u ! ,initiative & any private capital mobiliz$ to support & f9alize transactions1 opportunities id5tifi$ by relevant ,f$]al dep>tm5ts & ag5cies1 & transactions det]m9$ to be ineligible = ,unit$ ,/ates support or n be+ pursu$ = o!r reasons "u ! ,initiative2 & 7#d7 describes ! monitor+ & evaluation tools1 me*anisms1 & indicators to assess progress made on ! policy objectives set =? 9 section #b4 #aj4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate congressional committees ,! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,=eign ,affairs & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives2 & 7,b7 ! ,committee on ,=eign ,relations & ! ,committee on ,appropriations ( ! ,s5ate4 7#b7 ,private sector ,! t]m private sector means =-pr(it bus9esses & n-=-pr(it entities4 #aa4 ,sunset ,! requirem5ts ( ?is ,act %all t]m9ate on ! date t is #g ye>s aft] ! date ( ! enactm5t ( ?is ,act4