Economic Growth and Development Act
Latest action · May 25, 2017 Referred to the House Committee on Foreign Affairs.
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.
- IntroducedMay 25, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Economic Growth and Development Act
This bill requires the President to establish a primary interagency mechanism to coordinate U.S. development assistance programs carried out by federal agencies overseas with private sector investment activities.
The mechanism shall:
- streamline the private-sector liaison, coordination, and investment promotion functions of such agencies;
- facilitate the use of development and finance tools across such agencies to attract greater participation in development activities by the private sector; and
- establish a single point of contact for U.S. private sector entities pursuing partnership opportunities with such agencies.
Federal agencies planning or providing U.S. development assistance overseas shall ensure that: (1) a rigorous analysis of the constraints to economic growth and investment within a recipient country guides any U.S. development strategy, and (2) U.S. development strategies are coordinated with private sector activities in such countries.
Each analysis shall identify and analyze: (1) the constraints posed by inadequacies in critical infrastructure, the education system, the rule of law, the tax and investment codes, or the customs or regulatory regimes in the recipient country; and (2) the particular economic sectors that are central to achieving economic growth in the recipient country.
The results of each analysis shall be: (1) incorporated into any relevant development strategy, and (2) used to guide the allocation of resources by federal agencies planning or providing U.S. development assistance overseas.
Cosponsors 31
Members who signed on, in the order they did. Signatures ran from May 25, 2017 to Apr 17, 2018, with 6 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Adam Kinzinger | Original | May 25, 2017 |
| D-WA | Adam Smith | Original | May 25, 2017 |
| D-IL | Bobby L. Rush | Original | May 25, 2017 |
| D-CO | Jared Polis | Original | May 25, 2017 |
| D-MN | Keith Ellison | Original | May 25, 2017 |
| R-FL | Thomas J. Rooney | Original | May 25, 2017 |
| R-NY | Daniel M. Donovan, Jr. | May 26, 2017 | |
| R-PA | Brian K. Fitzpatrick | Jun 7, 2017 | |
| R-IN | Jackie Walorski | Jun 7, 2017 | |
| D-MA | James P. McGovern | Jun 7, 2017 | |
| R-VA | Thomas A. Garrett, Jr. | Jun 7, 2017 | |
| R-TX | Michael T. McCaul | Jun 12, 2017 | |
| R-CA | Paul Cook | Jun 12, 2017 | |
| R-NM | Stevan Pearce | Jun 12, 2017 | |
| R-FL | Brian J. Mast | Jun 15, 2017 |
Actions 2
Everything that happened, newest first.
- May 25, 2017Introduced in House
- May 25, 2017Referred to the House Committee on Foreign Affairs.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Business investment and capital
- Congressional oversight
- Economic development
- Foreign aid and international relief
- Government ethics and transparency, public corruption
- Human rights
- International Affairs
- Rule of law and government transparency
- Sovereignty, recognition, national governance and status
- U.S. and foreign investments
Text 1
Each version as it was printed, newest first.
- May 25, 2017Introduced in House
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.