Social Investment and Economic Development for the Americas Act of 2007

A bill 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.

10/1/2007--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

• Sen. Robert Menendez [D, NJ]
• and 13 Co-Sponsors
  • Sen. Joseph Biden [D, DE]
  • Sen. Barbara Boxer [D, CA]
  • Sen. Benjamin Cardin [D, MD]
  • Sen. Hillary Clinton [D, NY]
  • Sen. Norm Coleman [R, MN]
  • Sen. Christopher Dodd [D, CT]
  • Sen. Charles Hagel [R, NE]
  • Sen. John Kerry [D, MA]
  • Sen. Richard Lugar [R, IN]
  • Sen. Mel Martinez [R, FL]
  • Sen. Bill Nelson [D, FL]
  • Sen. Harry Reid [D, NV]
  • Sen. Ken Salazar [D, CO]
  close

Committees

• Senate Foreign Relations

Amendments

This bill has no amendments.

Amendments to S.2120

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
October 01, 2007

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All Bill Actions

• Jun 24, 2008: Committee on Foreign Relations. Ordered to be reported without amendment favorably.
• Oct 01, 2007: Read twice and referred to the Committee on Foreign Relations.
• Introduced on Oct 01, 2007.

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Related Bills:

• H.R.3692

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

September 30, 2007 Bill Action: Introduced: S. 2120: A bill to authorize the ...

Robert Menéndez [D-NJ] introduced S. 2120: A bill 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, ...

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September 30, 2007 S. 2120, A bill to authorize the establishment of a Social ...

S. 2120 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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