Sponsors (11)
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Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced February 7, 2025 by Sheila Cherfilus-McCormick · Last progress February 7, 2025
Creates a U.S.-designated Haitian American Enterprise Fund to finance private-sector-led rebuilding and development in Haiti, authorizes up to $1 billion per year (FY2026–FY2031), requires strong oversight, audits, and reporting, and directs the Fund to repay all U.S. funds and terminate by December 31, 2031. The Fund will be run by the CEO of the U.S. International Development Finance Corporation with a nine-member Oversight Panel and must invest only in projects that boost private-sector growth, infrastructure resilience, jobs, and root causes of irregular migration while following environmental, human-rights, and anti-corruption safeguards.
The law sets specific investment priorities and limits on grant and operating uses of federal money, requires annual independent audits and Comptroller General access, requires public and congressional reports, and allows executive-branch agencies to support Fund activities. It also includes findings on Haiti’s history and goals emphasizing Haitian sovereignty, democratic governance, and coordinated U.S. assistance.