Iraq Shared Investment Act

To require funding under the Iraq Security Forces Fund to be provided in the form of loans and to require the Government of Iraq to provide matching funds under the Commanders' Emergency Response Program to be used for agreed-upon purposes which enable military commanders in Iraq to respond to urgent humanitarian relief and reconstruction requirements.

4/24/2008--Introduced.
Iraq Shared Investment Act - Requires that amounts made available under the Iraq Security Forces Fund shall be provided as loans subject to full repayment to the U.S. government. Amends the the National Defense Authorization Act for Fiscal Year 2006 to provide that:
(1) for each of FY2008-FY2009, the Secretary of Defense shall withhold from obligation and expenditure not less than 20% of the amount made available for the Commanders' Emergency Response Program until the Secretary certifies to the congressional defense committees that the government of Iraq has agreed to provide an amount equal to 20% of the amount made available under the Commanders' Emergency Response Program from its own resources to be used to enable military commanders in Iraq to respond to urgent humanitarian relief and reconstruction requirements; and
(2) if the Secretary is unable to make such certification the amount withheld from obligation and expenditure shall be available for national debt reduction.


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Sponsor

• Rep. Allen Boyd [D, FL-2]
• and 9 Co-Sponsors
  • Rep. Sanford Bishop [D, GA-2]
  • Rep. Joe Donnelly [D, IN-2]
  • Rep. Brad Ellsworth [D, IN-8]
  • Rep. Sam Farr [D, CA-17]
  • Rep. Kirsten Gillibrand [D, NY-20]
  • Rep. Stephanie Herseth Sandlin [D, SD-0]
  • Rep. Baron Hill [D, IN-9]
  • Rep. Mike Ross [D, AR-4]
  • Rep. John Tanner [D, TN-8]
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Committees

• House Armed Services
• 1 more
  • House Foreign Affairs
  close

Amendments

This bill has no amendments.

Amendments to H.R.5899

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
April 24, 2008

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All Bill Actions

• Apr 24, 2008: Referred to House Foreign Affairs
• Introduced on Apr 24, 2008.
• Apr 24, 2008: Referred to the Committee on Armed Services, and in addition to the Committee on Foreign Affairs, 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.
• Apr 24, 2008: Referred to House Armed Services

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Related Issue Areas:

• Iraq compilation
• Defense policy
• Armed forces
• Budgets
• 15 more
• Congress
• Congress and foreign policy
• Congress and military policy
• Congressional oversight
• Foreign aid
• Foreign loans
• Foreign policy
• International finance
• Iraq
• Middle East and North Africa
• Military assistance
• Military occupation
• Military operations
• Public debt
• War relief

Data from the Congressional Research Service

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Blog Coverage

May 07, 2008 Mickey Mouse Bill

Re: H.R. 5899 and S. 2913 A nation that does not value, much less promote, its art is on the way to becoming a military state, or one in which nothing matters beyond consumerism and mercantilism. Please give this matter your most ...

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April 23, 2008 Bill Action: Introduced: HR 5899: To require funding under the ...

Allen Boyd [D-FL] introduced HR 5899: To require funding under the Iraq Security Forces Fund to be provided in the form of loans and to require the Government of Iraq to provide matching funds under the Commanders' Emergency Response ...

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April 23, 2008 HR 5899, To require funding under the Iraq Security Forces Fund to ...

HR 5899 would require funding under the Iraq Security Forces Fund to be provided in the form of loans and it would require the Government of Iraq to provide matching funds under the Commanders' Emergency Response Program to be used for ...

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