L’Ouverture Economic Development Plan for Haiti Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The L’Ouverture Economic Development Plan for Haiti Act of 2025 seeks to establish a Haitian American Enterprise Fund to support economic development in Haiti. The bill aims to foster private sector growth, particularly in industries like agriculture, manufacturing, and tourism, while also promoting good governance and reducing irregular migration. It highlights the historical relationship between the U.S. and Haiti and leverages the contributions of the Haitian diaspora. The fund would be overseen by an Oversight Panel and authorized to receive appropriations to support these initiatives.
Key provisions
- Establishes the Haitian American Enterprise Fund to invest in Haitian economic development.
- Prioritizes investments in the Haitian private sector, including micro, small, and medium businesses.
- Supports infrastructure development, such as electricity, roads, and water systems.
- Promotes good governance and democratic institutions in Haiti.
- Leverages the resources and expertise of the Haitian diaspora.
- Authorizes the use of United States venture capital for investments in Haiti.
- Requires annual reporting on the fund’s activities and financial performance.
- Establishes a process for repaying funds to the Treasury.
Who is affected
- Haitian Americans
- Haiti
- United States Government
- Private Sector Businesses
- International Development Organizations
Notable changes
Bill text
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Sponsors
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11 on record
Primary sponsor
Cosponsors
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