,i #aai? ,,congress #a/ ,session ,h4 ,r4 #aaad ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #g1 #bjbe,mrs4 ,*]filus-,mc,cormick 7= h]self1 ,ms4 ,s*ak[sky1 & ,mr4 ,jackson ( ,ill9ois7 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 au?orize ! e/abli%m5t ( a ,haitian ,am]ican ,ent]prise ,fund = ,haiti1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,l',ouv]ture ,economic ,developm5t ,plan = ,haiti ,act ( #bjbe4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,g5]al ,secret>iat ( ! ,organization ( ! ,am]ican ,/ates /at$ 9 #bjbb1 ,! int]national community1 int]national f9ancial in/itutions1 ! multilat]al sy/em1 & ! int]national f9ancial community ( donor c\ntries mu/ make a decision3 :e!r !y want to indu/rialize ,haiti suffici5tly to ensure "w = n9e million ,haitians1 or :e!r x is economically m pr(itable to cont9ue absorb+ ,haitian migrants & let ho/ c\ntries accommodate !m z & h[ !y c & 9 su* economic conditions z !y c (f]44 7#b7 ,r ?an build+ ^u ! ongo+ lucrative trade relations ) a newly indep5d5t ,republic ( ,haiti 9 #ahjd1 ! ,unit$ ,/ates decid$ to impose a trade emb>go on ! nasc5t /ate 9 #ahjf because ,haiti's indep5d5ce end$ *attel slav]y 9 its l& & p]ceiv$ x z a ?reat because x became ! _w's fir/ ,black republic4 7#c7 ,aft] its indep5d5ce1 ,haiti 0 made to pay an indemnity to ,france1 its =m] colonial p[]1 beg9n+ 9 #ahbe1 = break+ away f slav]y1 :i* am\nts to at lea/ #ba1jjj1jjj1jjj today1 sett+ ! /age = ,haiti's dire impov]i%m5t today4 7#d7 ,haiti's indep5d5ce f ,france 9 #ahjd directly result$ 9 ,france sell+ ! bulk ( its possessions 9 ma9l& ,nor? ,am]ica 9 :at became ! ,l\isiana ,pur*ase1 fuel+ ! we/w>d expansion ( ! "y ,unit$ ,/ates to ! ,pacific ,ocean 9 :at is today ,/ates su* z ,arkansas1 ,colorado1 ,i[a1 ,l\isiana1 ,kansas1 ,montana1 ,miss\ri1 & ,nebraska4 7#e7 ,despite a tortur$ relation%ip1 ,haiti has long be5 a reliable p>tn] ( ! ,unit$ ,/ates4 ,= example1 aft] ! bomb+ ( ,pe>l ,h>bor 9 #aida1 ,haiti 0 among ! fir/ nations to jo9 ! ,unit$ ,/ates 9 ,_w ,w> ,,ii & contribut$ funds to ! ,unit$ ,/ates ef=t4 7#f7 ,haiti be>s a /rategic importance to ! ,unit$ ,/ates due to its location 9 ! ,we/]n ,hemisph]e4 7#g7 ,haitian ,am]icans cont9ue to make important contributions to ! ,unit$ ,/ates economy & h play$ a significant role 9 education1 heal? c>e1 lit]ature1 politics1 art1 & culture4 7#h7 ,! ,bureau ( ! ,c5sus e/imates t ! ,haitian-,am]ican population is #a4b million1 :i* _m believe may be sev]ely und]c\nt$1 z p]sons ( ,haitian desc5t h be5 com+ to ! ,unit$ ,/ates s9ce prior to ! f\nd+ ( ! ,unit$ ,/ates4 7#i7 ,! ,haitian ,am]ican population plays a vital role 9 ,haiti's developm5t ef=ts1 lev]ag+ _! res\rces1 exp]tise1 & networks to support education1 te*nology1 su/a9able developm5t1 resili5ce1 & prosp]ity 9 ! c\ntry & c\ld d mu* m 9 p>tn]%ip ) ! ,unit$ ,/ates ,gov]nm5t4 7#aj7 ,accord+ to ! ,_w ,bank1 ! ,haitian diaspora s5t ov] #d1jjj1jjj1jjj 9 remittances to ,haiti 9 #bjbc1 equal+ m ?an "o-fif? ( ! c\ntry's gross dome/ic product ) ^! remittances hav+ a crucial role 9 ,haiti's economy1 provid+ a /eady s\rce ( income = families 9 ,haiti1 contribut+ to pov]ty r$uction1 am\nt+ to m ?an ! sum ( ye>ly =eign assi/ance to ! c\ntry4 7#aa7 ,haiti has play$ a pivotal role 9 ,afro-desc5dants' /ruggle = ,am]ican values su* z fre$om 9 ,am]ica1 ! ,c>ibbean1 & ,african c\ntries1 includ+ ! ,haitian ,am]ican lead]s su* z ,w4,e4,b4 ,du,bois1 c(\nd] ( ! ,national ,association = ! ,advancem5t ( ,color$ ,p1 :o h contribut$ to ! ,civil ,rights movem5t 9 ! ,unit$ ,/ates & across ! _w4 7#ab7 ,assi/+ ,haiti ) a well-process$ developm5t program lead+ to su/a9able economic developm5t t keeps ,haitians at home is 9 ! vital int]e/ ( ! ,unit$ ,/ates4 7#ac7 ,! ,unit$ ,/ates %\ld assi/ ,haiti 9 e/abli%+ su/a9able inclusive developm5t to meet ! ne$s ( all ( its p1 in/ead ( be+ drawn to ! lure ( debt-trap driv5 developm5t promot$ by ! ,p's ,republic ( ,*9a4 7#ad7 ,accord+ to ! ,unit$ ,nations ,conf]5ce on ,trade & ,developm5t1 ,haiti w ne$1 at m9imum1 an e/imate ( #ai1cjj1jjj1jjj 79 #bjbj_/bjba doll>s7 to meet key developm5t metrics includ+ to-- 7,a7 a*ieve #g p]c5t annual ,,gdp gr[?2 7,b7 elim9ate extreme pov]ty2 7,c7 d\ble manufactur+ gr[?2 7,d7 improve heal? & well-be+2 7,e7 improve quality prim>y & second>y =mal education lead+ to relevant & effective le>n+ outcomes2 & 7,f7 protect environm5tal biodiv]sity4 #c4 ,purposes ,! purposes ( ?is ,act are to promote & facilitate-- 7#a7 developm5t ( ! ,haitian private sector1 p>ticul>ly micro1 small1 & m$ium bus9esses1 ! agriculture1 biodiv]sity1 con/ruction1 en]gy1 f9ance1 manufactur+1 & t\rism indu/ries1 & ,u4,s4-,haitian jo9t v5tures1 includ+ ! ,haitian-,am]ican diaspora2 7#b7 policies & practices conducive to ,haitian private sector developm5t ?r\gh equity inve/m5ts1 feasibility /udies1 grants1 gu>antees1 insurance1 loans1 te*nical assi/ance1 & tra9+2 7#c7 an economic environm5t conducive = an acc\ntable1 transp>5t1 & su/a9$ democratic sy/em ( gov]nance 9 ,haiti1 inclusive = its p1 9 coord9ation ) ! ,global ,fragility ,act ( #bjai 7section #eja ( title ,v ( division ,j ( ,public ,law #aaf-id2 ,/at4 #cjfj72 & 7#d7 policies t eng5d] conditions = an indu/rializ$ ,haiti suffici5t to ensure "w at full employm5t levels meet+ ,unit$ ,nations m$ium to high human developm5t f human developm5t index indicators = ! p ( ,haiti1 !reby r$uc+ irregul> migration fl[s f ! c\ntry1 a ,unit$ ,/ates national security conc]n4 #d4 ,/atem5ts ( policy ,x is ! policy ( ! ,unit$ ,/ates to support ! su/a9able rebuild+ & developm5t ( ,haiti 9 a mann] t-- 7#a7 recognizes t ! ,unit$ ,/ates has long/&+ hi/orical1 economic1 & cultural ties to ,haiti1 ) millions ( ,am]icans trac+ _! h]itage to ! c\ntry1 & has a ve/$ int]e/ 9 ,haiti's /ability & developm5t2 7#b7 recognizes ,haitian indep5d5ce1 self-reliance1 & sov]eignty2 7#c7 ackn[l$ges t x is 9 ! ,unit$ ,/ates national & regional security int]e/ to assi/ a /able1 democratic & prosp]\s ,haiti t w consequ5tly r$uce irregul> migration1 regional crime1 n>cotics prolif]ation1 & insecurity2 7#d7 supports ! re/oration ( democratic gov]nance 9 ,haiti ?r\gh free1 fair1 & transp>5t elections z an ess5tial condition = ree/abli%+ la/+ security1 economic developm5t1 & ! national int]e/s ( ,haiti & ! ,unit$ ,/ates by-- 7,a7 support+ ! self-det]m9ation ( ! ,haitian p & recogniz+ t ! sov]eign & national "r ( ! citiz5s ( ,haiti mu/ be ex]cis$ free ( int]f]5ce2 7,b7 ackn[l$g+ t any political transition mu/ come f a ,haitian-l$ solution2 & 7,c7 oppos+ any ef=ts to de/abilize ! /ate ( ,haiti2 7#e7 supports democratic transition1 ! /r5g!n+ ( in/itutions1 good gov]nance1 & ! rule ( law 9 ,haiti by-- 7,a7 assi/+ 9 /r5g!n+ ,haiti's in/itutions1 judici>y sy/em1 gov]nance /ructures & me*anisms to bett] respond to ! ne$s ( ,haitians2 7,b7 support+ anticorruption ef=ts2 7,c7 promot+ press fre$om2 7,d7 support+ ! emp[]m5t ( ,haitian civil society2 7,e7 improv+ transp>5cy & ! indep5d5ce ( ! m$ia2 7,f7 prev5t+ favorable treatm5t or influ5ce on behalf ( any individual1 entity1 or p>ty 9 ! selection by ! ,haitian p ( _! future gov]nm5t2 & 7,g7 r$uc+ viol5ce aga9/ wom5 & *ildr5 & address+ human rights conc]ns1 includ+ ?r\gh ! en=cem5t ( sanctions impos$ 9 accordance ) ! ,global ,magnitsky ,human ,rights ,acc\ntability ,act 7#bb ,u4,s4,c4 #bfef note7 on individuals implicat$ 9 human rights violations & corruption2 7#f7 improves ,haiti's security by-- 7,a7 support+ ! goals ( ! ,u4,s4 ,/rategy to ,prev5t ,conflict & ,promote ,/ability #aj-,ye> ,plan = ,haiti report1 a d]ivative ( ! ,global ,fragility ,act ( #bjai2 7,b7 support+ cont9u$ fund+ ( ! ,haitian ,national ,police2 7,c7 support+ ,haiti's & int]national ef=ts to assi/ ! ,haitian ,national ,police 9 combat+ int]nal insecurity1 includ+ gang viol5ce2 7,d7 /emm+ ! fl[ ( illicit fire>ms traffick+ f ! ,unit$ ,/ates to ! ,c>ibbean1 includ+ ,haiti2 7,e7 enc\rag+ ! developm5t ( civilian ov]sight ( ! ,haitian ,national ,police2 7,f7 enc\rag+ ! ,haitian ,national ,police to respect human rights & uphold anti-corruption measures 9 its practices2 & 7,g7 enc\rag+ a ,dis>mam5ts1 ,demobilization1 & ,re9s]tion program to r$uce crim9ality & protect ! y\?2 7#g7 addresses humanit>ian ne$s by provid+ appropriate =ms ( assi/ance1 su* z humanit>ian assi/ance1 to ! p ( ,haiti by address+ urg5t food security1 heal?1 & education ne$s z well z protect+ wom5 & *ildr52 7#h7 spurs economic developm5t by-- 7,a7 lev]ag+ public & private s\rce fund+ to address ,haiti's long t]m developm5t goal & a*iev+ ,unit$ ,nations ,su/a9able ,developm5t ,goals2 7,b7 help+1 creat+1 & enabl+ an environm5t t facilitates trade & inve/m5t 9 ,haiti2 7,c7 assi/+ 9 build+ ! resili5t & supportive physical infra/ructure sector requir$ = a /able & prosp]\s c\ntry1 includ+ c\ntry-wide access to reliable electricity1 passable roads1 ports1 railroads1 wat]1 sanitation & heal? programs & digital infra/ructure2 7,d7 r$uc+ pov]ty & build+ prosp]ity by provid+ capacity build+ support to promote entrepr5eur%ip & support small & m$ium-siz$ ent]prises1 includ+ p>ticipation ( ,haitian wom5 & y\? 9 gov]nm5tal & nongov]nm5tal in/itutions & 9 economic developm5t & gov]nance assi/ance programs fund$ by ! ,unit$ ,/ates2 7,e7 support+ trade pref]5ces ) ,haiti1 includ+ ! pref]5ces creat$ ?r\gh ! ,haitian ,hemisph]ic ,opportunity ,?r\gh ,p>tn]%ip ,act ( #bjjf 7title ,v ( division ,d ( ,public ,law #aji-dcb2 #abj ,/at4 #caha7 & ! ,haiti ,economic ,lift ,program ,act ( #bjaj 7#ai ,u4,s4,c4 #bgjc et seq472 7,f7 assi/+ 9 build+ ! long-t]m capacity ( ! ,gov]nm5t ( ,haiti1 civil society1 local res\rce mobilization 9 ,haiti1 & ! private sector to fo/] economic opportunities 9 ,haiti2 & 7,g7 fo/]+ collaboration & activities betwe5 ! ,haitian diaspora 9 ! ,unit$ ,/ates1 includ+ dual citiz5s ( ,haiti & ! ,unit$ ,/ates1 & ! ,gov]nm5t ( ,haiti1 local res\rce mobilization 9 ,haiti1 & ! bus9ess community 9 ,haiti2 7#i7 enc\rages o!r c\ntries1 along ) bilat]al & multilat]al organizations1 to provide simil> assi/ance & to "w coop]atively ) su* c\ntries & organizations to coord9ate su* assi/ance2 & 7#aj7 respects & helps re/ore ! natural res\rces ( ,haiti & /r5g!ns community-level resili5ce to environm5tal & wea!r-relat$ impacts4 #e4 ,haitian ,am]ican ,ent]prise ,fund = ,haiti 7a7 ,designation ,! ,presid5t may designate a private1 nonpr(it organization 7z describ$ 9 section #eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf & exempt f tax "u section #eja7;a7 ( su* code7 z ! ,haitian ,am]ican ,ent]prise ,fund = ,haiti 79 ?is ,act ref]r$ to z ! ,ent]prise ,fund71 if ! ,presid5t-- 7#a7 det]m9es t su* organization has ! ability to c>ry out ! activities describ$ 9 section #g2 & 7#b7 has consult$ ) ! ,speak] & ! m9ority lead] ( ! ,h\se ( ,repres5tatives & ! majority lead] & ! m9ority lead] ( ! ,s5ate reg>d+ su* designation4 7b7 ,op]ation ,^u ! designation ( ! ,ent]prise ,fund "u subsection 7a71 ! ,*ief ,executive ,(fic] ( ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation %all op]ate su* ,fund4 7c7 ,consultation ,! ,*ief ,executive ,(fic] may consult & coord9ate ) ! ,adm9i/rator ( ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t reg>d+ ! ,ent]prise ,fund4 7d7 ,private "* ( ,ent]prise ,fund ,no?+ 9 ?is ,act may be con/ru$ to make-- 7#a7 ! ,ent]prise ,fund an ag5cy or e/abli%m5t ( ! ,unit$ ,/ates ,gov]nm5t2 or 7#b7 ! (fic]s & employees ( ! ,ent]prise ,fund or memb]s ( ! ,ov]sight ,panel (fic]s or employees ( ! ,unit$ ,/ates = purposes ( title #e1 ,unit$ ,/ates ,code4 #f4 ,ov]sight ,panel 7a7 ,9 g5]al ,! ,ent]prise ,fund %all be monitor$ by a ,bo>d ( ,directors ,ov]sight ,panel 7h]eaft] ref]r$ to z ! ,ov]sight ,panel7 compos$ ( #i memb]s4 7b7 ,composition 7#a7 ,appo9tm5ts by ,*ief ,executive ,(fic] ,! ,*ief ,executive ,(fic] %all appo9t to ! ,ov]sight ,panel-- 7,a7 #e individuals :o are n employ$ by ! ,f$]al ,gov]nm5t &-- 7i7 are citiz5s ( ! ,unit$ ,/ates2 or 7ii7 are citiz5s ( ! ,republic ( ,haiti :o-- 7,i7 prim>ily reside 9 ! ,unit$ ,/ates2 & 7,,ii7 h demon/rat$ respect = democracy & a free-m>ket economy2 & 7,b7 #b individuals :o are citiz5s ( ,haiti :o-- 7i7 are n citiz5s ( ! ,unit$ ,/ates2 7ii7 h demon/rat$ respect = democracy & a free-m>ket economy2 & 7iii7 h-- 7,i7 _h a successful bus9ess c>e] 9 private equity1 bank+1 or f9ance 9 a develop+ economy2 or 7,,ii7 exp]i5ce comp>able to s]vice on ! bo>d ( directors ( a fund t is simil> to ! ,ent]prise ,fund & :i* e>n$ a positive return on ! am\nts "u ! control ( su* fund4 7#b7 ,appo9tm5ts by ,presid5t ,! ,presid5t %all appo9t to ! ,ov]sight ,panel #b individuals :o are citiz5s ( ! ,unit$ ,/ates1 :o-- 7,a7 prim>ily reside 9 ! ,unit$ ,/ates2 & 7,b7 h demon/rat$ conc]n = & commitm5t to ! economic developm5t ( ,haiti4 7c7 ,consultations ,! ,*ief ,executive ,(fic] & memb]s ( ! ,ov]sight ,panel are enc\rag$ to consult ext5sively )-- 7#a7 repres5tatives ( simil> ent]prise funds e/abli%$ by ! ,unit$ ,/ates ,gov]nm5t1 9 ord] to le>n be/ practices relat+ to ! />t-up phase & ongo+ bus9ess ( an ent]prise fund2 7#b7 repres5tatives ( multilat]al in/itutions1 includ+ ! ,int]-,am]ican ,developm5t ,bank1 ! ,_w ,bank1 & ! ,int]national ,monet>y ,fund1 to coord9ate support = infra/ructure 9 ,haiti2 & 7#c7 lead]s f ! private sector1 civil society1 labor organizations1 human rights gr\ps1 academia1 & environm5tal organizations 9 ! ,unit$ ,/ates & ,haiti4 #g4 ,inve/m5ts = c]ta9 programs & projects 7a7 ,requirem5ts = inve/m5ts ,! ,ent]prise ,fund may only provide inve/m5ts 9 programs & projects t-- 7#a7 promote developm5t ( ! ,haitian private sector1 p>ticul>ly ) respect to-- 7,a7 micro1 small1 & m$ium bus9esses2 7,b7 ! agriculture1 biodiv]sity1 con/ruction1 en]gy1 f9ance1 manufactur+1 & t\rism indu/ries2 & 7,c7 jo9t v5tures betwe5 ! ,unit$ ,/ates & ,haiti or ! ,haitian-,am]ican diaspora1 includ+ jo9t v5tures t emp[] wom5 & y\?2 7#b7 promote policies & practices t facilitate ! developm5t ( ! ,haitian private sector ?r\gh-- 7,a7 equity inve/m5ts2 7,b7 feasibility /udies2 7,c7 grants2 7,d7 gu>antees2 7,e7 insurance2 7,f7 loans2 7,g7 te*nical assi/ance2 & 7,h7 tra9+2 7#c7 facilitate an economic environm5t conducive = an acc\ntable1 transp>5t1 & su/a9$ democratic sy/em ( gov]nance 9 ,haiti1 align$ ) ! ,global ,fragility ,/rategy requir$ 9 section #ejd7;a7 ( ! ,global ,fragility ,act ( #bjai 7#bb ,u4,s4,c4 #ihjc7;a772 7#d7 build ! resili5t physical infra/ructure requir$ = ,haiti to be /able & prosp]\s1 includ+-- 7,a7 c\ntry-wide access to reliable electricity2 7,b7 electricity g5]ation plants2 7,c7 passable roads & bridges2 7,d7 ports2 7,e7 railroads2 7,f7 hydrological dams2 7,g7 agriculture canals2 7,h7 /orm wat] managem5t sy/ems2 7,i7 wat] infra/ructure2 & 7,j7 sanitation & heal? programs & infra/ructure2 7#e7 create a report t includes-- 7,a7 ! co/ to update ! physical infra/ructure describ$ 9 p>agraph 7#d7 9 ,haiti to meet resili5ce /&>ds2 & 7,b7 an analysis ( complet$ physical infra/ructure projects2 7#f7 assi/ 9 lev]ag+ public & private fund+ to address developm5t ne$s 9 ,haiti2 or 7#g7 eng5d] conditions = developm5t & indu/rialization1 create su/a9able jobs1 or r$uce ! root cause ( irregul> migrations 9 ,haiti4 7b7 ,au?oriz$ activities ,! ,ent]prise ,fund may make inve/m5ts 9 & enc\rage-- 7#a7 increas$ access to consum] cr$it 9 ,haiti1 includ+ f consum] cr$it unions 7also kn[n z caisse populaires72 7#b7 ! e/abli%m5t ( local agriculture coop]atives 9 ,haiti2 7#c7 ! e/abli%m5t ( major electricity g5]ation facilities & complem5t>y regional & national electricity grids 9 ,haiti2 7#d7 ! e/abli%m5t ( work+ global manufactur+ facilities1 includ+ facilities manufactur+-- 7,a7 food2 7,b7 bev]ages2 7,c7 tobacco2 7,d7 *emicals2 7,e7 ph>maceuticals2 7,f7 electronics2 7,g7 optical products2 7,h7 textiles2 7,i7 app>el2 & 7,j7 lea!r2 7#e7 projects provid+ mod]n in=mation te*nology infra/ructure requir$ to deliv] & monitor developm5t s]vices to economically vuln]able populations 9 ,haiti2 & 7#f7 projects provid+ managem5t & te*nical capacity tra9+ & developm5t to promote private sector developm5t1 includ+ tra9+ on effective managem5t & gov]nance4 7c7 ,f9ancial in/rum5ts = inve/m5t 9 ,haiti 7#a7 ,9 g5]al ,! ,ent]prise ,fund %all1 if practicable1 e/abli% f9ancial in/rum5ts to enable individuals to inve/ 9 ! ,haitian private sector4 7#b7 ,pref]r$ inve/m5ts ,if practicable1 ! f9ancial in/rum5ts e/abli%$ "u p>agraph 7#a7 %all-- 7,a7 facilitate inve/m5t 9 projects t support developm5t & humanit>ian relief 9 ,haiti2 & 7,b7 support ,haitian bus9esses & employees4 7d7 ,inve/m5t priority ,9 mak+ inve/m5ts "u ?is section1 ! ,ent]prise ,fund %all give priority to indu/ries id5tifi$ by ! ,gov]nm5t ( ,haiti z priorities = ! economic recov]y & gr[? ( ,haiti4 7e7 ,matt]s = consid]ation ,! ,ent]prise ,fund %all take into acc\nt-- 7#a7 int]nationally recogniz$ human rights1 includ+ ! rights ( work]s2 7#b7 environm5tal factors2 7#c7 ! effect ( ! activities ( ! ,fund on ! economy & labor m>ket ( ! ,unit$ ,/ates2 & 7#d7 ! likelihood t ! activity receiv+ inve/m5ts f ! ,ent]prise ,fund w be comm]cially viable4 #h4 ,adm9i/ration ( funds 7a7 ,use ( inve/m5t returns & paym5ts ,! ,ent]prise ,fund may use returns on ! inve/m5ts ( ! ,ent]prise ,fund & paym5ts to ! ,ent]prise ,fund to provide ! inve/m5ts describ$ 9 section #g1 )\t transf]r+ su* returns or paym5ts to ! ,treasury & )\t fur!r appropriation by ,congress4 7b7 ,ensur+ ability ,to repay funds ,! ,*ief ,executive ,(fic] %all provide inve/m5ts 9 a mann] t ensures t ! ,ent]prise ,fund w be able to repay ! ,treasury z requir$ by section #aa4 7c7 ,use ( ,unit$ ,/ates private v5ture capital 7#a7 ,9 g5]al ,! ,ent]prise ,fund may conduct public (f]+s or private placem5ts = ! purpose ( solicit+ & accept+ ,unit$ ,/ates v5ture capital1 :i* may be us$1 sep>ately or toge!r ) funds appropriat$ to ! ,ent]prise ,fund1 = any lawful inve/m5t purpose t ! ,*ief ,executive ,(fic] consid]s appropriate to c>ry out ?is ,act4 7#b7 ,no private inve/or ov]sight ,acceptance ( private v5ture capital does n au?orize private inve/ors to h a role 9 ! ov]sight ( ! ,ent]prise ,fund4 7#c7 ,di/ributions ,f9ancial returns on ,ent]prise ,fund inve/m5ts t include private v5ture capital may be di/ribut$1 at su* times & 9 su* am\nts z ! ,*ief ,executive ,(fic] consid]s appropriate1 to ! inve/ors ( su* capital4 7d7 ,limitations 7#a7 ,paym5ts to ,ent]prise ,fund p]sonnel ,no funds ( ! ,ent]prise ,fund %all inure to ! b5efit ( any ,ov]sight ,panel memb]1 (fic]1 or employee ( ! ,ent]prise ,fund1 except z sal>y or reasonable comp5sation = s]vices4 7#b7 ,use ( ,f$]al funds = grants ,n m ?an #bj p]c5t ( ,f$]al funds made available to ! ,ent]prise ,fund may be us$ = inve/m5ts 9 ! =m ( grants4 7#c7 ,use ( appropriat$ funds = co/s & feasibility /udies ,n m ?an #ae p]c5t1 9 total1 ( funds appropriat$ to ! ,ent]prise ,fund may be us$ = op]at+ co/s & feasibility /udies to assess comm]cial viability ( activities & projects fund$ by ! ,ent]prise ,fund4 #i4 ,audits & recordkeep+ 7a7 ,indep5d5t private audits ,! ,*ief ,executive ,(fic] %all ensure t ! ,ent]prise ,fund is audit$ annually by an indep5d5t c]tifi$ public acc\ntant or indep5d5t lic5s$ public acc\ntant c]tifi$ or lic5s$ by a regulatory au?ority ( a ,/ate or political subdivision ( a ,/ate1 9 accordance ) g5]ally accept$ audit+ /&>ds4 7b7 ,gov]nm5t ,acc\ntability ,(fice audits ,) respect to any ye> dur+ :i* ! ,ent]prise ,fund is 9 possession ( funds receiv$ f ! ,unit$ ,/ates ,gov]nm5t1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all audit ! f9ancial transactions ( ! ,ent]prise ,fund to id5tify wa/e1 fraud1 or abuse1 9 accordance ) su* pr9ciples & proc$ures & "u su* rules & regulations z ! ,comptroll] ,g5]al may prescribe4 7c7 ,recordkeep+ requirem5ts ,! ,*ief ,executive ,(fic] %all ensure t-- 7#a7 ea* recipi5t ( funds provid$ by ! ,ent]prise ,fund "u section #g keeps-- 7,a7 a sep>ate acc\nt = su* funds2 7,b7 su* records z may be reasonably necess>y to fully disclose-- 7i7 ! am\nt ( su* funds2 7ii7 ! total am\nt ( su* funds receiv$ by su* recipi5t2 7iii7 ! total co/ ( ! project or activity = :i* ! ,ent]prise ,fund provid$ su* funds2 & 7iv7 ! am\nt ( ! co/ ( ! project or activity suppli$ by s\rces o!r ?an ! ,ent]prise ,fund2 & 7,c7 any o!r records t w facilitate an effective audit2 & 7#b7 ! ,*ief ,executive ,(fic] has access1 = ! purpose ( audit & exam9ation1 to any record describ$ 9 p>agraph 7#a77;,b74 #aj4 ,reports 7a7 ,public report on ,ent]prise ,fund activities ,n lat] ?an #ahj days aft] ! e/abli%m5t ( ! ,ent]prise ,fund & annually !reaft] until ! ,ent]prise ,fund t]m9ates1 ! ,*ief ,executive ,(fic] %all make publicly available on ! websites ( ! ,ent]prise ,fund1 ! ,unit$ ,/ates ,int]national ,developm5t ,f9ance ,corporation1 & ! ,unit$ ,/ates ,ag5cy = ,int]national ,developm5t a report describ+ ! funds provid$ by ! ,ent]prise ,fund = activities & projects describ$ 9 section #g1 ) a writt5 explanation ( ! comm]cial viability ( ea* su* activity & project4 7b7 ,report to ,congress on ,ent]prise ,fund activities 7#a7 ,9 g5]al ,n lat] ?an #abj days aft] ! end ( ! fiscal ye> dur+ :i* ! ,ent]prise ,fund is e/abli%$ & annually !reaft] until ! ,ent]prise ,fund t]m9ates1 ! ,*ief ,executive ,(fic] %all submit to ! appropriate congressional committees a report t-- 7,a7 describes ! successes1 failures1 exp5ses1 activities1 fund+1 & =eca/$ projections ( ! ,ent]prise ,fund2 & 7,b7 includes ! results ( ! audit requir$ by section #i7;a74 7#b7 ,appropriate congressional committees def9$ ,9 ?is section1 ! t]m appropriate congressional committees means-- 7,a7 ! ,committee on ,appropriations1 ! ,committee on ,f9ancial ,s]vices1 & ! ,committee on ,=eign ,affairs ( ! ,h\se ( ,repres5tatives2 & 7,b7 ! ,committee on ,appropriations & ! ,committee on ,=eign ,relations ( ! ,s5ate4 7c7 ,report on ,ov]sight ,panel duties ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act & annually !reaft] until ! ,ent]prise ,fund t]m9ates1 ! ,ov]sight ,panel %all submit to ,congress & ! ,presid5t a report on ! implem5tation ( ! duties ( ! ,ov]sight ,panel dur+ ! prec$+ ye>1 includ+ a description ( successes reg>d+ implem5tation ( ! ,ent]prise ,fund & *all5ges prev5t+ ! ,ent]prise ,fund f meet+ its full pot5tial4 7d7 ,report aft] failure ,to repay ,n lat] ?an #abj days aft] ! la/ day ( any ye> 9 :i* ! repaym5t to ! ,treasury requir$ by section #aa has n yet be5 complet$1 ! ,*ief ,executive ,(fic] %all make publicly available a report t includes a compreh5sive & detail$ description ( ! op]ations1 activities1 f9ancial condition1 & accompli%m5ts ( ! ,ent]prise ,fund dur+ su* ye>4 #aa4 ,t]m9ation ,n lat] ?an ,decemb] #ca1 #bjca-- 7#a7 ! ,*ief ,executive ,(fic] %all repay f ! ,ent]prise ,fund to ! ,treasury ! full am\nt ( funds ! ,ent]prise ,fund receiv$ f ! ,unit$ ,/ates ,gov]nm5t2 & 7#b7 ! ,ent]prise ,fund %all t]m9ate4 #ab4 ,nonapplicability ( o!r laws ,not)/&+ any o!r provision ( law1 executive bran* ag5cies may conduct programs & activities & provide s]vices 9 support ( ! activities ( ! ,ent]prise ,fund4 #ac4 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is ,act #a1jjj1jjj1jjj = ea* ( fiscal ye>s #bjbf ?r\gh #bjca1 :i* %all be au?oriz$ to rema9 available until exp5d$ or until ! ,ent]prise ,fund t]m9ates1 :i*ev] occurs fir/4