S. 2844 (106th): Microenterprise for Self-Reliance Act of 2000

Introduced:
Jul 11, 2000 (106th Congress, 1999–2000)
Status:
Died (Reported by Committee)
Sponsor
Jesse Helms
Senator from North Carolina
Party
Republican
Text
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Last Updated
Jul 11, 2000
Length
28 pages
Related Bills
H.R. 1143 (Related)
Microenterprise for Self-Reliance and International Anti-Corruption Act of 2000

Signed by the President
Oct 17, 2000

 
Status

This bill was introduced on June 28, 2000, in a previous session of Congress, but was not enacted.

Progress
Reported by Committee Jun 28, 2000
Introduced Jul 11, 2000
 
Full Title

An original bill to amend the Foreign Assistance Act of 1961 to authorize the provision of assistance to increase the availability of credit to microenterprises lacking full access to credit, to establish a Microfinance Loan Facility, and for other purposes.

Summary

No summaries available.

Cosponsors
none
Committees

Senate Foreign Relations

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/11/2000--Introduced.
Microenterprise for Self-Reliance Act of 2000 - Amends the Foreign Assistance Act of 1961 to set forth congressional findings and policy, including that:
(1) the development of microenterprise (including micro- and small enterprises) is a vital factor in the growth of developing countries and in the development of free, open, and equitable international economic systems;
(2) it is in the best interest of the United States to assist the development of microenterprises and of enterprises of the poor in developing countries; and
(3) the support of microenterprise can be served by programs that provide credit, savings, training, technical assistance, and business development services.Authorizes the President to provide grants and other assistance for programs to increase the availability of credit and other services to microenterprises (including micro- and small enterprises) lacking full access to capital training, technical assistance, and business development services through:
(1) grants to microfinance institutions;
(2) loans and guarantees to credit institutions (with a limit of $30 million per borrower);
(3) grants to microenterprise institutions for training, technical assistance, and business development services; and
(4) policy and regulatory programs at the country level.Directs the Administrator of the U.S. Agency for International Development (AID) to establish:
(1) a monitoring system that provides, among other things, for performance goals for microenterprise development grant assistance;
(2) eligibility criteria for determining which entities shall carry out activities receiving credit assistance; and
(3) a U.S. Microfinance Loan Facility to prevent the bankruptcy of microfinance institutions caused by natural disasters, war or civil conflict, national financial crisis, or other short-term financial movements that threaten the long-term development of such institutions.
Authorizes appropriations.Directs the President to report to the appropriate congressional committees on the most cost-effective methods and measurements for increasing the access of poor people overseas to credit, other financial services, and related training.Expresses the sense of the Congress that:
(1) the administrator of AID and the Secretary of State should seek to support and strengthen the effectiveness of microfinance activities in United Nations (UN) agencies, such as the International Fund for Agricultural Development and the UN Development Program, which have provided key leadership in developing the microenterprise sector; and
(2) the Secretary of the Treasury should instruct each U.S. Executive Director of the multilateral development banks to advocate the development of a coherent and coordinated strategy to support the microenterprise sector, including an increase of multilateral resource flows for building microenterprise retail and wholesale intermediaries.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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