Social Investment and Economic Development for the Americas Act of 2007

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.

9/27/2007--Introduced.
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.

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Sponsor

• Rep. Eliot Engel [D, NY-17]
• and 30 Co-Sponsors
  • Rep. Joe Baca [D, CA-43]
  • Rep. Dan Burton [R, IN-5]
  • Rep. Donna Christensen [D, VI-0]
  • Rep. Yvette Clarke [D, NY-11]
  • Rep. Joseph Crowley [D, NY-7]
  • Rep. William Delahunt [D, MA-10]
  • Rep. Lincoln Diaz-Balart [R, FL-21]
  • Rep. Chaka Fattah [D, PA-2]
  • Rep. Luis Fortuno [R, PR-0]
  • Rep. Charles Gonzalez [D, TX-20]
  • Rep. Alcee Hastings [D, FL-23]
  • Rep. Maurice Hinchey [D, NY-22]
  • Rep. Michael Honda [D, CA-15]
  • Rep. Ron Klein [D, FL-22]
  • Rep. Tom Lantos [D, CA-12]
  • Rep. Barbara Lee [D, CA-9]
  • Rep. John Lewis [D, GA-5]
  • Rep. Betty McCollum [D, MN-4]
  • Rep. James McGovern [D, MA-3]
  • Rep. Gregory Meeks [D, NY-6]
  • Rep. James Moran [D, VA-8]
  • Rep. Eleanor Norton [D, DC-0]
  • Rep. Donald Payne [D, NJ-10]
  • Rep. Ileana Ros-Lehtinen [R, FL-18]
  • Rep. Bobby Rush [D, IL-1]
  • Rep. Albio Sires [D, NJ-13]
  • Rep. Hilda Solis [D, CA-32]
  • Rep. Edolphus Towns [D, NY-10]
  • Rep. Debbie Wasserman Schultz [D, FL-20]
  • Rep. Robert Wexler [D, FL-19]
  close

Committees

• House Financial Services
• 2 more
  • House Financial Services
  • House Foreign Affairs
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Amendments

This bill has no amendments.

Amendments to H.R.3692

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
September 27, 2007

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All Bill Actions

• Jan 11, 2008: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
• Sep 27, 2007: Referred to House Financial Services
• Sep 27, 2007: Referred to House Foreign Affairs
• Sep 27, 2007: Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
• Introduced on Sep 27, 2007.

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Related Bills:

• S.2120

Related Issue Areas:

• Western Hemisphere
• U.S. Agency for International Development
• Poverty
• Nongovernmental organizations
• 13 more
• Middle class
• International finance
• International affairs
• Foreign aid
• Federal advisory bodies
• Executive departments
• Economic policy
• Economic development
• Economic assistance
• Development credit institutions
• Budgets
• Authorization
• Foreign policy

Data from the Congressional Research Service

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Blog Coverage

July 10, 2008 THE GODS OF GLOBALISM: THE DEVIL IS IN THE DETAILS

HR3692 (introduced 9/27/2007) Sponsor Rep Eliot Engel and thirty co-sponsors Title: To authorize the establishment of a Social Investment and Economic Development Fund for the Americas to provide assistance to reduce poverty, ...

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Source: WAKE UP AMERICA! THE ENDTIME IS HERE!

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September 26, 2007 HR 3692, To authorize the establishment of a Social Investment and ...

HR 3692 would 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 ...

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