H.R. 1114: L’Ouverture Economic Development Plan for Haiti Act of 2025
This bill, called the L’Ouverture Economic Development Plan for Haiti Act of 2025, aims to establish the Haitian American Enterprise Fund for Haiti. Its primary goals are to enhance economic development in Haiti, promote private sector growth, and support various industries, particularly small businesses, agriculture, construction, energy, finance, manufacturing, and tourism.
Key Provisions
- Creation of the Enterprise Fund: The bill authorizes the establishment of a nonprofit organization referred to as the Haitian American Enterprise Fund. This fund would be operated by the Chief Executive Officer of the United States International Development Finance Corporation (DFC).
- Investment Focus: The Enterprise Fund would focus on supporting the Haitian private sector through various financial instruments, including loans, grants, and training programs. This includes a priority on projects that create jobs and reduce poverty.
- Oversight: An Oversight Panel consisting of members with a background in democracy, economics, and development will oversee the fund’s operations and ensure accountability.
- Historical Context: The bill outlines the historical relationship between Haiti and the United States, emphasizing the need for U.S. support in Haiti's development and stability.
Objectives
The act aims to facilitate:
- Development of micro, small, and medium businesses.
- Joint ventures between U.S. and Haitian entities.
- An environment conducive to democratic governance and economic stability.
- Measures to address irregular migration from Haiti.
Funding and Resources
The bill proposes an appropriation of $1 billion per year from 2026 to 2031 to support the fund's initiatives. This funding is intended to help achieve significant metrics in economic growth, poverty reduction, and infrastructure improvement in Haiti.
Accountability Measures
The fund will undergo independent audits and require thorough record-keeping to ensure transparency and responsible use of funds. Reports detailing the fund’s activities and impacts are to be submitted regularly to Congress and made publicly available.
Key Development Areas
- Infrastructure: Establishing reliable electricity, roads, and ports.
- Education: Improving formal education systems and outcomes.
- Health Care: Addressing urgent health needs and promoting well-being.
Relevant Companies
- GOOGL (Alphabet Inc.): Potential involvement in providing technology or infrastructure solutions to support Haiti’s development needs.
- KO (Coca-Cola Company): Opportunities for investment in local agribusiness or beverage industry growth.
- DIS (The Walt Disney Company): Possible participation in tourism initiatives related to cultural promotion and economic development in Haiti.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
11 bill sponsors
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TrackSheila Cherfilus-McCormick
Sponsor
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TrackWesley Bell
Co-Sponsor
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TrackYvette D. Clarke
Co-Sponsor
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TrackDiana DeGette
Co-Sponsor
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TrackMaxwell Frost
Co-Sponsor
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TrackDaniel S. Goldman
Co-Sponsor
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TrackJonathan L. Jackson
Co-Sponsor
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TrackMichael Lawler
Co-Sponsor
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TrackMaria Elvira Salazar
Co-Sponsor
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TrackJanice D. Schakowsky
Co-Sponsor
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TrackFrederica S. Wilson
Co-Sponsor
Actions
3 actions
| Date | Action |
|---|---|
| Sep. 02, 2026 | ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1114, a bill originally introduced by Representative Cherfilus-McCormick, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. |
| Feb. 07, 2025 | Introduced in House |
| Feb. 07, 2025 | Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, 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. |
Corporate Lobbying
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