US Congress · 119th Congress (2025-2026)

HR 4586Introduced

AIDA

Source of recordUS Congress · congress.govLast synced Sep 3, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

This bill, the African Diaspora Investment and Development Act (AIDA), aims to boost economic engagement between the United States and African and Caribbean nations. It seeks to reduce the cost of remittances, incentivize formal investment from the diaspora, and foster partnerships between the U.S. and these regions. The bill proposes various measures, including support for diaspora investments through the U.S. International Development Finance Corporation and changes to the U.S. tax code to encourage diaspora investment.

Key provisions

Establishes a program for the U.S. International Development Finance Corporation to match up to $5,000 per taxpayer in diaspora investments in eligible African and Caribbean countries.
Creates a tax deduction for qualified remittances sent to recipients in covered countries (African Union member states or CARICOM nations).
Removes regulatory barriers for remittance providers owned by members of the African Diaspora and utilizing fintech innovation.
Authorizes a ‘Remittance Innovation Fund’ to support low-cost, secure remittance transfers.
Expands the definition of ‘African Diaspora’ to include individuals of African or Caribbean descent residing outside their countries of origin.
Creates a special window for diaspora-led investment funds and social enterprises.
Repeals the remittance excise tax.
Requires an annual report assessing progress toward reducing remittance costs and promoting diaspora investment.

Bill text

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Jul 22, 2025XMLView source

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Legislative history

3 recorded actions

Jul 22, 2025House

Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and 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.

Jul 22, 2025

Introduced in House

Sep 2, 2026House

ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, 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.

Votes

Recorded roll calls and chamber actions on this bill.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

9/2/2026HouseUnanimous consent
ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, 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.
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

Sep 2, 2026HouseUnanimous consent
ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, 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.
No roll-call vote on record for this action.

Geography

Recorded positions across the country.

No public positions recorded for this legislation.

Arguments

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AIDA

Progress

Overview

Key provisions

Bill text

Sponsors

Primary sponsor

Cosponsors

Legislative history

Votes

Passage without roll call

Floor votes and chamber actions

Passage without roll call

Geography

Arguments

Arguments in favor

Arguments opposed

Who is affected

Notable changes

Geography

Legislative history

Votes

Passage without roll call

Floor votes and chamber actions

Passage without roll call