Bill > HR1114

This bill establishes the Haitian American Enterprise Fund for Haiti, a private nonprofit organization designed to promote economic development in Haiti through targeted investments and support. The bill recognizes the historical context of Haiti's relationship with the United States, including past injustices and the strategic importance of the country, and aims to create sustainable economic opportunities that will reduce irregular migration and support Haiti's development. The Enterprise Fund will be overseen by a 9-member Board of Directors and will focus on investing in micro, small, and medium businesses across various industries such as agriculture, energy, manufacturing, and tourism. The fund will prioritize projects that build infrastructure, create jobs, support democratic governance, and empower Haitian businesses, with a particular emphasis on joint ventures between the United States and Haiti. The bill authorizes $1 billion in appropriations annually through 2031 and requires the fund to repay the full amount to the Treasury by December 31, 2031. The organization will be required to undergo annual independent audits, submit detailed reports to Congress, and prioritize investments that consider human rights, environmental factors, and commercial viability. The ultimate goal is to help Haiti develop a resilient, sustainable economy that can support its population and reduce economic migration.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/1114/all-info