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 construc-
tion and reconstruction for Kosova. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 18, 2003
Mr. ENGEL (for himself, Mrs. KELLY, Mr. OLVER, Mr. KIRK, Mr. MCGOV-
ERN, 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 micro-
credit lending and housing construction and reconstruc-
tion for Kosova.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Kosovar-American En-
terprise Fund Act of 2003’’.
SEC. 2. KOSOVAR–AMERICAN ENTERPRISE FUND. 
Chapter 1 of part III of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2351 et seq.) is amended by inserting 
after section 601 the following new section: 
‘‘SEC. 601A. KOSOVAR–AMERICAN ENTERPRISE FUND. 
‘‘(a) PURPOSE.—The purpose of this section is to 
promote the development of small- and medium-sized busi-
nesses in Kosova through—
‘‘(1) loans; 
‘‘(2) microcredit lending; 
‘‘(3) grants; 
‘‘(4) equity investments; 
‘‘(5) insurance; and 
‘‘(6) loan guarantees. 
‘‘(b) DESIGNATION OF ENTERPRISE FUND.—
‘‘(1) DESIGNATION.—The President is author-
ized to designate 1 private, nonprofit organization 
(to be known for purposes of this section as the 
‘Kosovar-American Enterprise Fund’) as eligible to 
receive funds and support under this section upon a 
determination by the President that the organization 
has been established for the purpose described in 
subsection (a). 
‘‘(2) CONSULTATION WITH CONGRESS.—Before 
designating an organization under paragraph (1), 
the President shall consult with—
‘‘(A) the majority leader and minority 
leader of the Senate; and 
‘‘(B) the Speaker and minority leader of 
the House of Representatives. 
‘‘(3) 
ADDITIONAL
REQUIREMENTS.—Para-
graphs (3) through (5) of section 201(d) of the Sup-
port for East European Democracy (SEED) Act of 
1989 (22 U.S.C. 5421(d)) shall apply to the 
Kosovar-American Enterprise Fund. 
‘‘(c) GRANT TO ENTERPRISE FUND.—The Adminis-
trator of the United States Agency for International De-
velopment shall, from amounts appropriated under sub-
section (e), provide a grant to the Kosovar-American En-
terprise Fund, which shall be used to—
‘‘(1) carry out the purpose described in sub-
section (a); and 
‘‘(2) pay the administrative expenses of the 
fund. 
‘‘(d) TREATMENT
EQUIVALENT
TO
ENTERPRISE 
FUNDS FOR POLAND AND HUNGARY.—Except to the ex-
tent inconsistent with the provisions of this section, sub-
sections (f) through (p) of section 201 of the Support for 
East European Democracy (SEED) Act of 1989 (22 
U.S.C. 5421) shall apply to the Kosovar-American Enter-
prise Fund to the same extent and in the same manner
as such subsections apply to the Polish-American Enter-
prise Fund and the Hungarian-American Enterprise 
Fund. 
‘‘(e) AUTHORIZATION OF APPROPRIATIONS.—
‘‘(1) IN GENERAL.—There are authorized to be 
appropriated to the President to carry out this sec-
tion $30,000,000 for fiscal year 2004. 
‘‘(2) 
AVAILABILITY.—Amounts 
appropriated 
pursuant to paragraph (1) shall remain available 
until expended. 
‘‘(3) NONAPPLICABILITY
OF
OTHER
LAWS.—
Notwithstanding 
any 
other 
provision 
of 
law, 
amounts appropriated pursuant to paragraph (1) 
may be expended by the Kosovar-American Enter-
prise Fund for the purposes of this section .’’.
Æ