H.R. 2747 · 115th Congress
Economic Growth and Development Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
YohoSponsor31 cosponsors · 13 D, 18 R
D
Ellison
AK
R
Kinzinger
JP
D
Polis
BR
D
Rush
TR
R
Rooney
AS
D
Smith
DD
R
Donovan
BF
R
Fitzpatrick
TG
R
Garrett
JM
D
McGovern
JW
R
Walorski
PC
R
Cook
MM
R
McCaul
SP
R
Pearce
BM
R
Mast
DS
D
Soto
MM
R
Meadows
FR
R
Rooney
CD
R
Dent
JB
D
Beatty
ZL
D
Lofgren
TL
D
Lieu
DW
R
Webster
BW
R
Westerman
JR
R
Renacci
JS
D
Serrano
PM
R
Meehan
GM
D
Meng
BL
R
Luetkemeyer
AL
D
Lowenthal
RK
D
Kind6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · May 25, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Economic Growth and Development Act
Latest action (May 25, 2017): Referred to the House Committee on Foreign Affairs.
Policy area: International Affairs · Origin: House · Introduced: May 25, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.