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H.R. 1114119th CongressIn committeeLatest action Feb 7, 2025Decoded by AI · checked against the record
Official title: L’Ouverture Economic Development Plan for Haiti Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 1114 would fund a Haitian American Enterprise Fund with up to $6 billion through 2031 to spur Haiti's economic development.
55-second read · 5 questions answered below
The bill creates a Haitian American Enterprise Fund, run by a designated nonprofit and overseen by the U.S. International Development Finance Corporation and a 9-person panel. The fund would invest in Haitian businesses, infrastructure, agriculture, manufacturing, and job training through loans, grants, equity, and technical assistance. It also sets U.S. policy goals for Haiti, including supporting democracy, reducing corruption, and addressing migration causes.
Haitian businesses, farmers, and workers would be directly affected, along with Haitian-Americans encouraged to invest in Haiti's economy. U.S. taxpayers and agencies like the International Development Finance Corporation and USAID would also be involved.
The fund's existence and spending depend on annual congressional funding decisions through 2031, and it must repay government money and shut down by then. Its effectiveness would be tracked through required audits and public reports.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — 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.