United States 112th Congress Status: Died 1 D cosponsors

S 618 — A bill to promote the strengthening of the private sector in Egypt and Tunisia.

Last action — Placed on Senate Legislative Calendar under General Orders. Calendar No. 79.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Title I: Egyptian-American Enterprise Fund - Egyptian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Egyptian-American Enterprise Fund) to promote: (1) the Egyptian private sector and joint U.S.-Egyptain ventures, (2) good corporate governance and transparency in Egypt, and (3) security through job creation and the creation of an Egyptian middle class. Title II: Tunisian-American Enterprise Fund - Tunisian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Tunisian-American Enterprise Fund) to promote: (1) the Tunisian private sector and U.S.-Tunisian joint ventures, (2) good corporate governance and transparency in Tunisia, and (3) security through job creation and the creation of a Tunisian middle class. Authorizes the President to make grants to carry out a Fund's purposes provided that the Fund agrees to: (1) end its reinvestment cycle not later than December 31, 2021, unless the Secretary of State determines that the Fund should be extended; (2) ensure that grant funds are not provided to or through any individual, private or government entity, or educational institution that advocates, or engages or has engaged in money laundering or terrorist activity; or (3) return any remaining funds to the the U.S. Treasury to be used to reduce U.S. debt. Sets forth reporting requirements. States that the Funds' Boards of Directors should adopt the best practices and procedures used by Enterprise Funds, including those for which funding has been made available pursuant to the Support for East European Democracy (SEED) Act of 1989.

Bill Text

We don't have the full text on file for this bill yet.

Read S 618 on the official United States source →

Action History

  1. Placed on Senate Legislative Calendar under General Orders. Calendar No. 79.

  2. Committee on Foreign Relations. Reported by Senator Kerry with an amendment in the nature of a substitute. With written report No. 112-25.

  3. Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.

  4. Read twice and referred to the Committee on Foreign Relations.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance labor
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Frequently asked questions

What does S 618 do?
Title I: Egyptian-American Enterprise Fund - Egyptian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Egyptian-American Enterprise Fund) to promote: (1) the Egyptian private sector and joint U.S.-Egyptain ventures, (2) good corporate governance and transparency in Egypt, and (3) security through job creation and the creation of an Egyptian middle class. Title II: Tunisian-American Enterprise Fund - Tunisian-American Enterprise Fund Act - Authorizes the President to establish or designate a private, nonprofit organization (the Tunisian-American Enterprise Fund) to promote: (1) the Tunisian private sector and U.S.-Tunisian joint ventures, (2) good corporate governance and transparency in Tunisia, and (3) security through job creation and the creation of a Tunisian middle class. Authorizes the President to make grants to carry out a Fund's purposes provided that the Fund agrees to: (1) end its reinvestment cycle not later than December 31, 2021, unless the Secretary of State determines that the Fund should be extended; (2) ensure that grant funds are not provided to or through any individual, private or government entity, or educational institution that advocates, or engages or has engaged in money laundering or terrorist activity; or (3) return any remaining funds to the the U.S. Treasury to be used to reduce U.S. debt. Sets forth reporting requirements. States that the Funds' Boards of Directors should adopt the best practices and procedures used by Enterprise Funds, including those for which funding has been made available pursuant to the Support for East European Democracy (SEED) Act of 1989.
Who sponsors S 618?
S 618 is sponsored by John Kerry (Democrat).
What is the current status of S 618?
This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 618?
Track S 618 free on One Click Politics — get push/email alerts when it moves.

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