A bill to promote the strengthening of the private sector in Egypt and Tunisia.
Latest action · Jun 22, 2011 Placed on Senate Legislative Calendar under General Orders. Calendar No. 79.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 17, 2011
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Title I: Egyptian-American Enterprise Fund - Egyptian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Egyptian-American Enterprise Fund) to promote: (1) the Egyptian private sector and joint U.S.-Egyptain ventures, (2) good corporate governance and transparency in Egypt, and (3) security through job creation and the creation of an Egyptian middle class.
Title II: Tunisian-American Enterprise Fund - Tunisian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Tunisian-American Enterprise Fund) to promote: (1) the Tunisian private sector and U.S.-Tunisian joint ventures, (2) good corporate governance and transparency in Tunisia, and (3) security through job creation and the creation of a Tunisian middle class.
Authorizes the President to make grants to carry out a Fund's purposes provided that the Fund agrees to: (1) end its reinvestment cycle not later than December 31, 2021, unless the Secretary of State determines that the Fund should be extended; (2) ensure that grant funds are not provided to or through any individual, private or government entity, or educational institution that advocates, or engages or has engaged in money laundering or terrorist activity; or (3) return any remaining funds to the the U.S. Treasury to be used to reduce U.S. debt.
Sets forth reporting requirements.
States that the Funds' Boards of Directors should adopt the best practices and procedures used by Enterprise Funds, including those for which funding has been made available pursuant to the Support for East European Democracy (SEED) Act of 1989.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Mar 17, 2011 to May 19, 2011; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AZ | John McCain | Original | Mar 17, 2011 |
| I-CT | Joseph I. Lieberman | Original | Mar 17, 2011 |
| D-IL | Richard J. Durbin | May 16, 2011 | |
| R-FL | Marco Rubio | May 19, 2011 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Foreign Relations Committee | Referred Mar 17, 2011Markup May 17, 2011Reported Jun 22, 2011 |
Actions 5
Everything that happened, newest first.
- Jun 22, 2011Committee on Foreign Relations. Reported by Senator Kerry with an amendment in the nature of a substitute. With written report No. 112-25.
- Jun 22, 2011Placed on Senate Legislative Calendar under General Orders. Calendar No. 79.
- May 17, 2011Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Mar 17, 2011Introduced in Senate
- Mar 17, 2011Read twice and referred to the Committee on Foreign Relations.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- May 24, 2011S. 618, A bill to promote the strengthening of the private sector in Egypt and TunisiaCost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on May 17, 2011
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R46796 | Congress and the Middle East, 2011-2020: Selected Case Studies Archived | Report | May 21, 2021 |
| R41905 | State, Foreign Operations, and Related Programs: FY2012 Budget and Appropriations Archived | Report | Jan 6, 2012 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2237 | To promote the strengthening of the private sector in Egypt and Tunisia. | Related bill | Jun 16, 2011 |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to promote the strengthening of the private sector in Egypt and Tunisia.
- Short Titles as Introduced for portions of this bill
- Tunisian-American Enterprise Fund Act
- Egyptian-American Enterprise Fund Act
- Short Titles as Reported to Senate for portions of this bill
- Tunisian-American Enterprise Fund Act
- Egyptian-American Enterprise Fund Act
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Africa
- Budget deficits and national debt
- Business investment and capital
- Congressional oversight
- Economic development
- Egypt
- Foreign aid and international relief
- Fraud offenses and financial crimes
- International Affairs
- Middle East
- Sovereignty, recognition, national governance and status
- Terrorism
- Tunisia
Text 2
Each version as it was printed, newest first.
- Jun 22, 2011Reported to Senate
- Mar 17, 2011Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
