I 112th CONGRESS 1st Session H. R. 1625 IN THE HOUSE OF REPRESENTATIVES April 15, 2011 Mr. Manzullo (for himself, Mr. Burton of Indiana, Mr. Chaffetz, Mr. Conaway, Mr. King of Iowa, Mr. Gohmert, and Mr. Posey) introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To prohibit funding for the Development Innovation Ventures (DIV) program.

1.

Prohibition on funding for Development Innovation Ventures (DIV) program

(a)

Prohibition

No funds available to the United States Agency for International Development (USAID) may be used to carry out the Development Innovation Ventures (DIV) program or any successor program. (b)

Effective date

This section shall take effect on the date of the enactment of this Act and shall apply with respect to funds available to USAID for the DIV program or any successor program that are unobligated on or after such date of enactment.

2.

Debt reduction

Notwithstanding any other provision of law, funds available to USAID for the DIV program or any successor program that are unobligated on or after the date of the enactment of this Act shall be deposited into the General Fund of the Treasury and shall be used only for reducing the debt of the Federal Government.