[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2646 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2646

  To reauthorize the United States-Jordan Defense Cooperation Act of 
                     2015, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 24, 2017

Ms. Ros-Lehtinen (for herself, Mr. Deutch, Mr. Rogers of Kentucky, Mrs. 
    Lowey, and Mr. Schiff) introduced the following bill; which was 
              referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
  To reauthorize the United States-Jordan Defense Cooperation Act of 
                     2015, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``United States-Jordan Defense 
Cooperation Extension Act''.

SEC. 2. REAUTHORIZATION OF UNITED STATES-JORDAN DEFENSE COOPERATION ACT 
              OF 2015.

    Section 5(a) of the United States-Jordan Defense Cooperation Act of 
2015 (22 U.S.C. 2753 note) is amended--
            (1) by striking ``During the 3-year period'' and inserting 
        ``During the period''; and
            (2) by inserting ``and ending on December 31, 2022'' after 
        ``enactment of this Act''.

SEC. 3. SENSE OF CONGRESS.

    It is the sense of Congress that--
            (1) Jordan faces threats to its security from ongoing 
        regional instability in the Middle East, particularly from the 
        ongoing conflict in Syria; and
            (2) the Governments of the United States and Jordan should 
        negotiate a new Memorandum of Understanding, for fiscal years 
        2018 through 2022, to significantly enhance Jordan's military 
        capacity and local economy.

SEC. 4. ESTABLISHMENT OF ENTERPRISE FUND FOR JORDAN.

    (a) Findings.--Congress finds the following:
            (1) In December 2011, Congress passed section 7041(b) of 
        the Consolidated Appropriations Act, 2012 (Public Law 112-74; 
        125 Stat. 1223), which appropriated funds made available under 
        the heading ``Economic Support Fund'' to establish an 
        enterprise fund for Jordan.
            (2) The intent of an enterprise fund is to attract private 
        investment to help entrepreneurs and small businesses create 
        jobs and to achieve sustainable economic development.
    (b) Establishment of Jordan Enterprise Fund.--The President is 
authorized to establish and operate an enterprise fund to provide 
assistance to Jordan.
    (c) Procedures and Requirements.--The provisions contained in 
section 201 of the Support for East European Democracy (SEED) Act of 
1989 (22 U.S.C. 5421), excluding the provisions of subsections (a), 
(b), (c), (d)(3), (f), and (j) of that section, shall be deemed to 
apply with respect to the Jordan Enterprise Fund and to funds made 
available to the enterprise fund in the same manner and to the same 
extent as such provisions apply with respect to enterprise funds 
established pursuant to such section or to funds made available to such 
established enterprise funds.
    (d) Operation of Fund.--
            (1) Expenditures.--Funds made available to the Jordan 
        Enterprise Fund shall be expended at the minimum rate necessary 
        to make timely payments for projects and activities.
            (2) Administrative expenses.--Not more than 3 percent of 
        the funds made available to the Jordan Enterprise Fund may be 
        obligated or expended for the administrative expenses of the 
        enterprise fund.
    (e) Board of Directors.--The Jordan Enterprise Fund shall be 
governed by a Board of Directors comprised of 6 private citizens of the 
United States and 3 private citizens of Jordan who have pursued 
international business careers and have demonstrated expertise in 
international and emerging market investment activities.
    (f) Reports.--Not later than 1 year after the date of the enactment 
of this Act, and annually thereafter until the Jordan Enterprise Fund 
terminates in accordance with subsection (h), the enterprise fund 
shall--
            (1) submit to the appropriate congressional committees a 
        report detailing the administrative expenses of the enterprise 
        fund; and
            (2) publish, on an Internet website administered by the 
        enterprise fund, each report submitted pursuant to subsection 
        (c) in accordance with section 201(p) of the Support for East 
        European Democracy (SEED) Act of 1989 (22 U.S.C. 5421(p)).
    (g) Liquidation.--Prior to the distribution of any funds resulting 
from any liquidation, dissolution, or winding up of the Jordan 
Enterprise Fund, in whole or in part, the President shall submit to the 
appropriate congressional committees a plan for the distribution of the 
assets of the enterprise fund.
    (h) Termination.--The authority of the Jordan Enterprise Fund to 
provide assistance shall terminate on the earlier of December 31, 2022, 
or the date on which the enterprise fund is liquidated in accordance 
with subsection (g).
    (i) Appropriate Congressional Committees.--In this section, the 
term ``appropriate congressional committees'' means--
            (1) the Committee on Foreign Affairs and the Committee on 
        Appropriations of the House of Representatives; and
            (2) the Committee on Foreign Relations and the Committee on 
        Appropriations of the Senate.
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