3.0.0 2120 2023-01-11T20:21:14Z 2023-01-11T20:21:14Z Senate S S 2007-10-01 110 ssfr00 Foreign Relations Committee Senate Standing Reported by 2008-07-15T22:35:42Z Markup by 2008-06-24T21:06:19Z Referred to 2007-10-01T20:19:34Z S. Rept. 110-419 Social Investment and Economic Development for the Americas Act of 2007 110 3692 HR 2008-01-11 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Identical bill CRS 2008-07-15 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 879. Calendars 2008-07-15 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Reported by Senator Biden without amendment. With written report No. 110-419. Committee 2008-07-15 Committee on Foreign Relations. Reported by Senator Biden without amendment. With written report No. 110-419. Committee 14000 9 Library of Congress ssfr00 Foreign Relations Committee 2008-06-24 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Ordered to be reported without amendment favorably. Committee 2007-10-01 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2007-10-01 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2007-10-01 True B000444 Sen. Biden, Joseph R., Jr. [D-DE] JOSEPH BIDEN D DE ROBINETTE 2007-10-01 True L000504 Sen. Lugar, Richard G. [R-IN] RICHARD LUGAR R IN GREEN 2007-10-01 True D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2007-10-01 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2007-10-01 True S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO 2007-10-01 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-10-01 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2007-10-01 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2007-10-01 True N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2007-10-01 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2007-10-01 True R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2008-02-11 False H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2008-06-23 False 2008-07-07T04:00:00Z S. 2120, Social Investment and Economic Development for the Americas Act of 2007 http://www.cbo.gov/publication/20037 <p>Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on June 24, 2008</p> 2008-07-07T04:00:00Z S. 2120, Social Investment and Economic Development for the Americas Act of 2007 https://www.cbo.gov/publication/20037 Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on June 24, 2008 International Affairs Authorization Development credit institutions Economic assistance Economic development Economics and Public Finance Federal advisory bodies Foreign Trade and International Finance Government Operations and Politics Middle class Nongovernmental organizations Poverty U.S. Agency for International Development Western Hemisphere International Affairs 00 2007-10-01 Introduced in Senate 2007-10-29T16:46:41Z Social Investment and Economic Development for the Americas Act of 2007 - Amends the Foreign Assistance Act of 1961 to direct the President, through the United States Agency for International Development (USAID), to provide assistance to reduce poverty, expand the middle class, and foster increased economic opportunity in Western Hemisphere countries.

Establishes within USAID the Western Hemisphere Economic Investment and Development Advisory Committee which shall: (1) serve as a link among the U.S. government, nongovernmental organizations, the private sector, and other interested parties; and (2) review projects funded under this Act.

Amends the Inter-American Development Bank Act to direct the Secretary of the Treasury to instruct the United States Executive Director at the Bank to use U.S. influence to urge the Bank to establish a Social Investment and Economic Development Fund for the Americas to provide assistance to reduce poverty, expand the size of the middle class, and foster increased economic opportunity in Western Hemisphere countries.

Authorizes appropriations for payment to the Inter-American Development Bank of arrears owed by the United States to the Multilateral Investment Fund.

]]> 80 2008-07-15 Reported to Senate without amendment 2008-10-17T19:21:39Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Social Investment and Economic Development for the Americas Act of 2007 - (Sec. 3) Amends the Foreign Assistance Act of 1961 to direct the President, through the United States Agency for International Development (USAID), to provide assistance to reduce poverty, expand the middle class, and foster increased economic opportunity in Western Hemisphere countries.

Requires a 10% recipient country contribution.

Establishes within USAID the Western Hemisphere Economic Investment and Development Advisory Committee which shall: (1) serve as a link among the U.S. government, nongovernmental organizations, the private sector, and other interested parties; and (2) review projects funded under this Act.

Directs the President to report annually to Congress on programs and activities under this section.

Authorizes FY2008-FY2017 appropriations.

(Sec. 4) Amends the Inter-American Development Bank Act to direct the Secretary of the Treasury to instruct the United States Executive Director at the Bank to use U.S. influence to urge the Bank to establish a Social Investment and Economic Development Fund for the Americas to provide assistance to reduce poverty, expand the size of the middle class, and foster increased economic opportunity in Western Hemisphere countries.

Authorizes FY2008-FY2017 appropriations for U.S. contributions to the Fund.

(Sec. 5) Expresses the sense of Congress that: (1) amounts authorized to be appropriated to carry out this Act should be used to help countries in Latin America and the Caribbean focus on improving indicators in the area of investing in people; (2) the Multilateral Investment Fund has been successful in promoting inclusive economic growth in Latin America and the Caribbean; (3) creating a public-private partnership working in coordination with the Fund will allow the Fund to expand economic opportunity to the people in the Western Hemisphere; and (4) amounts authorized to be appropriated pursuant to this Act for initiatives to reduce poverty, expand the middle class, and foster increased economic opportunity in the countries of the Western Hemisphere are in addition to amounts that would be allocated or projected in the President's budget request for Latin America and Caribbean.

(Sec. 6) Authorizes appropriations to the Secretary for payment to the Inter-American Development Bank of arrears owed by the United States to the Fund.

]]> Social Investment and Economic Development for the Americas Act of 2007 Official Title as Introduced A bill to authorize the establishment of a Social Investment and Economic Development Fund for the Americas to provide assistance to reduce poverty, expand the middle class, and foster increased economic opportunity in the countries of the Western Hemisphere, and for other purposes. Introduced in Senate IS Display Title Social Investment and Economic Development for the Americas Act of 2007 Short Titles as Introduced Social Investment and Economic Development for the Americas Act of 2007 Short Titles as Reported to Senate Social Investment and Economic Development for the Americas Act of 2007 S Senate Reported to Senate 2008-07-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2120rs/xml/BILLS-110s2120rs.xml Introduced in Senate 2007-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2120is/xml/BILLS-110s2120is.xml 2008-07-15 Placed on Senate Legislative Calendar under General Orders. Calendar No. 879. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.