I 

108TH CONGRESS 

1ST SESSION H. R. 2506

To provide for the establishment of the Kosovar-American Enterprise Fund 

to promote small business and microcredit lending and housing construction and reconstruction for Kosova. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 18, 2003

Mr. ENGEL (for himself, Mrs. KELLY, Mr. OLVER, Mr. KIRK, Mr. MCGOVERN, and Mr. TOWNS) introduced the following bill; which was referred 

to the Committee on International Relations 

A BILL

To provide for the establishment of the Kosovar-American 

Enterprise Fund to promote small business and microcredit lending and housing construction and reconstruction for Kosova.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Kosovar-American En5 terprise Fund Act of 2003’’. 
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1 SEC. 2. KOSOVAR–AMERICAN ENTERPRISE FUND. 

2 Chapter 1 of part III of the Foreign Assistance Act 

3 of 1961 (22 U.S.C. 2351 et seq.) is amended by inserting 

4 after section 601 the following new section: 

5 ‘‘SEC. 601A. KOSOVAR–AMERICAN ENTERPRISE FUND. 

6 ‘‘(a) PURPOSE.—The purpose of this section is to 

7 promote the development of small- and medium-sized busi8 nesses in Kosova through—

9 ‘‘(1) loans; 

10 ‘‘(2) microcredit lending; 

11 ‘‘(3) grants; 

12 ‘‘(4) equity investments; 

13 ‘‘(5) insurance; and 

14 ‘‘(6) loan guarantees. 

15 ‘‘(b) DESIGNATION OF ENTERPRISE FUND.—

16 ‘‘(1) DESIGNATION.—The President is author17 ized to designate 1 private, nonprofit organization 

18 (to be known for purposes of this section as the 

19 ‘Kosovar-American Enterprise Fund’) as eligible to 

20 receive funds and support under this section upon a 

21 determination by the President that the organization 

22 has been established for the purpose described in 

23 subsection (a). 

24 ‘‘(2) CONSULTATION WITH CONGRESS.—Before 

25 designating an organization under paragraph (1), 

26 the President shall consult with—
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1 ‘‘(A) the majority leader and minority 

2 leader of the Senate; and 

3 ‘‘(B) the Speaker and minority leader of 

4 the House of Representatives. 

5 ‘‘(3) ADDITIONAL REQUIREMENTS.—Para6 graphs (3) through (5) of section 201(d) of the Sup7 port for East European Democracy (SEED) Act of 

8 1989 (22 U.S.C. 5421(d)) shall apply to the 

9 Kosovar-American Enterprise Fund. 

10 ‘‘(c) GRANT TO ENTERPRISE FUND.—The Adminis11 trator of the United States Agency for International De12 velopment shall, from amounts appropriated under sub13 section (e), provide a grant to the Kosovar-American En14 terprise Fund, which shall be used to—

15 ‘‘(1) carry out the purpose described in sub16 section (a); and 

17 ‘‘(2) pay the administrative expenses of the 

18 fund. 

19 ‘‘(d) TREATMENT EQUIVALENT TO ENTERPRISE

20 FUNDS FOR POLAND AND HUNGARY.—Except to the ex21 tent inconsistent with the provisions of this section, sub22 sections (f) through (p) of section 201 of the Support for 

23 East European Democracy (SEED) Act of 1989 (22 

24 U.S.C. 5421) shall apply to the Kosovar-American Enter25 prise Fund to the same extent and in the same manner 
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1 as such subsections apply to the Polish-American Enter2 prise Fund and the Hungarian-American Enterprise 

3 Fund. 

4 ‘‘(e) AUTHORIZATION OF APPROPRIATIONS.—

5 ‘‘(1) IN GENERAL.—There are authorized to be 

6 appropriated to the President to carry out this sec7 tion $30,000,000 for fiscal year 2004. 

8 ‘‘(2) AVAILABILITY.—Amounts appropriated 

9 pursuant to paragraph (1) shall remain available 

10 until expended. 

11 ‘‘(3) NONAPPLICABILITY OF OTHER LAWS.—

12 Notwithstanding any other provision of law, 

13 amounts appropriated pursuant to paragraph (1) 

14 may be expended by the Kosovar-American Enter15 prise Fund for the purposes of this section .’’.

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