3.0.0 1882 2023-01-11T13:30:02Z 2023-01-11T13:30:02Z Senate S 2015-07-29 114 ssfr00 Foreign Relations Committee Senate Standing Reported by 2016-02-02T22:24:46Z Markup by 2016-01-28T15:08:34Z Referred to 2015-07-29T14:34:16Z Nepal Recovery Act 114 4674 HR 2016-03-02 Referred to the House Committee on Foreign Affairs. Related bill CRS 2016-02-02 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 357. Calendars 2016-02-02 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report. Committee 2016-02-02 Committee on Foreign Relations. Reported by Senator Corker with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress ssfr00 Foreign Relations Committee 2016-01-28 ssfr00 Foreign Relations Committee Senate Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2015-07-29 ssfr00 Foreign Relations Committee Senate Read twice and referred to the Committee on Foreign Relations. IntroReferral 2015-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2015-07-29 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2015-08-03 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2015-10-19 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2015-10-20 False 2016-02-25T20:02:44Z S. 1882, Nepal Recovery Act https://www.cbo.gov/publication/51282 As reported by the Senate Committee on Foreign Relations on February 2, 2016 International Affairs Asia Aviation and airports Building construction Child safety and welfare Congressional oversight Disaster relief and insurance Domestic violence and child abuse Foreign aid and international relief Foreign loans and debt Government lending and loan guarantees Government trust funds Human rights Military assistance, sales, and agreements Multilateral development programs Natural disasters Nepal Reconstruction and stabilization Refugees, asylum, displaced persons Sovereignty, recognition, national governance and status U.S. and foreign investments Women's employment Women's rights Youth employment and child labor International Affairs 00 2015-07-29 Introduced in Senate 2015-09-04T20:19:52Z Nepal Recovery Act

This bill urges the Department of the Treasury to direct the U.S. Executive Director of each international financial institution to advocate in such institution:

  • cancellation of remaining debt obligations of Nepal, including debt obligations incurred after enactment of this Act;
  • provision of debt service relief for all remaining payments of Nepal until the debt can be cancelled; and
  • extension of any new assistance to Nepal primarily as grants rather than loans.

Treasury and the Department of State are urged to use all appropriate diplomatic influence to secure the cancellation of Nepal's remaining bilateral debt.

Treasury is also urged to support the creation of a World Bank trust fund for Nepal that would leverage potential U.S. contributions and promote bilateral donations to promote transparency, donor coordination, and Nepalese ownership.

The U.S. government may establish a Nepal Recovery Private Investment Fund to provide loans, equity investments, and other forms of support to small- and medium-sized private enterprises to:

  • promote Nepal's private sector, particularly small- and medium-sized enterprises;
  • promote and test innovative policies and practices to strengthen Nepal's private sector;
  • enhance domestic engineering, construction, and accounting capacity;
  • advance good governance and transparency in Nepal, particularly within the private sector;
  • create jobs; and
  • foster greater adherence to Nepal's tax code.

The U.S. Agency for International Development (USAID) may provide a seed investment to capitalize the funds to be matched or exceeded by investments from private equity firms, as well as private funds raised from other limited investors.

The Fund should liquidate its assets and dissolve by April 25, 2030, unless the Department of State determines that it should be extended.

USAID may provide accelerated response in Nepal for:

  • project identification and investment analyses;
  • trade capacity building and sector development activities, including technical assistance and feasibility studies that support investments in infrastructure that contribute to overseas development; and
  • trade capacity building and sector development assistance supporting the establishment of industry standards, rules, and market liberalization.
]]> 01 2016-02-02 Reported to Senate with amendment(s) 2016-02-05T16:17:51Z Nepal Recovery Act

(Sec. 5) This bill authorizes the President to provide technical and financial assistance for programs that: (1) improve Nepal's basic infrastructure following the earthquakes in affected communities; (2) support economic growth, including through agriculture and small-scale enterprise opportunities; (3) promote health and basic education programs; and (4) support democracy programs that promote political reforms, including strengthening democratic institutions and rule of law.

The United States Trade and Development Agency may provide accelerated response in Nepal for:

  • project identification and investment analyses;
  • trade capacity building and sector development activities, including technical assistance and feasibility studies that support investments in infrastructure that contribute to overseas development; and
  • trade capacity building and sector development assistance supporting the establishment of industry standards, market liberalization, and other policy reform, with a particular focus on engineering and construction.

(Sec. 6) The U.S Agency for International Development shall report to Congress regarding:

  • the effectiveness of U.S. investment in Nepal in disaster risk reduction and recovery program improvement; and
  • the effectiveness of international humanitarian and reconstruction assistance provided to Nepal, and a related assessment of U.S. anti-corruption efforts.

The Department of State shall report to Congress regarding impediments to Nepal's recovery efforts.

(Sec. 7) FY 2017-FY2018 appropriations are authorized.

]]> Nepal Recovery Act Display Title Nepal Recovery Act Official Title as Introduced A bill to support the sustainable recovery and rebuilding of Nepal following the recent, devastating earthquakes near Kathmandu. Introduced in Senate IS Short Titles as Introduced Nepal Recovery Act Short Titles as Reported to Senate Nepal Recovery Act S Senate Reported to Senate 2016-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1882rs/xml/BILLS-114s1882rs.xml Introduced in Senate 2015-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1882is/xml/BILLS-114s1882is.xml 2016-02-02 Placed on Senate Legislative Calendar under General Orders. Calendar No. 357. 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.