promote entrepreneurship and support small 
and medium-sized enterprises, including partici-
pation of Haitian women and youth in govern-
mental and nongovernmental institutions and in 
economic development and governance assist-
ance programs funded by the United States; 
(E) supporting trade preferences with 
Haiti, including the preferences created through 
the Haitian Hemispheric Opportunity Through 
Partnership Act of 2006 (title V of division D 
of Public Law 109–432; 120 Stat. 3181) and 
the Haiti Economic Lift Program Act of 2010 
(19 U.S.C. 2703 et seq.); 
(F) assisting in building the long-term ca-
pacity of the Government of Haiti, civil society, 
local resource mobilization in Haiti, and the pri-
vate sector to foster economic opportunities in 
Haiti; and 
(G) fostering collaboration and activities 
between the Haitian diaspora in the United 
States, including dual citizens of Haiti and the 
United States, and the Government of Haiti, 
local resource mobilization in Haiti, and the 
business community in Haiti; 
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(9) encourages other countries, along with bilat-
eral and multilateral organizations, to provide simi-
lar assistance and to work cooperatively with such 
countries and organizations to coordinate such as-
sistance; and 
(10) respects and helps restore the natural re-
sources of Haiti and strengthens community-level re-
silience to environmental and weather-related im-
pacts. 
SEC. 5. HAITIAN AMERICAN ENTERPRISE FUND FOR HAITI. 
(a) DESIGNATION.—The President may designate a 
private, nonprofit organization (as described in section 
501(c)(3) of the Internal Revenue Code of 1986 and ex-
empt from tax under section 501(a) of such code) as the 
Haitian American Enterprise Fund for Haiti (in this Act 
referred to as the ‘‘Enterprise Fund’’), if the President— 
(1) determines that such organization has the 
ability to carry out the activities described in section 
7; and 
(2) has consulted with the Speaker and the mi-
nority leader of the House of Representatives and 
the majority leader and the minority leader of the 
Senate regarding such designation. 
(b) OPERATION.—Upon the designation of the Enter-
prise Fund under subsection (a), the Chief Executive Offi-
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cer of the United States International Development Fi-
nance Corporation shall operate such Fund. 
(c) CONSULTATION.—The Chief Executive Officer 
may consult and coordinate with the Administrator of the 
United States Agency for International Development re-
garding the Enterprise Fund. 
(d) PRIVATE CHARACTER OF ENTERPRISE FUND.— 
Nothing in this Act may be construed to make— 
(1) the Enterprise Fund an agency or establish-
ment of the United States Government; or 
(2) the officers and employees of the Enterprise 
Fund or members of the Oversight Panel officers or 
employees of the United States for purposes of title 
5, United States Code. 
SEC. 6. OVERSIGHT PANEL. 
(a) IN GENERAL.—The Enterprise Fund shall be 
monitored by a Board of Directors Oversight Panel (here-
after referred to as the ‘‘Oversight Panel’’) composed of 
9 members. 
(b) COMPOSITION.— 
(1) APPOINTMENTS BY CHIEF EXECUTIVE OFFI-
CER.—The Chief Executive Officer shall appoint to 
the Oversight Panel— 
(A) 5 individuals who are not employed by 
the Federal Government and— 
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(i) are citizens of the United States; 
or 
(ii) are citizens of the Republic of 
Haiti who— 
(I) primarily reside in the United 
States; and 
(II) have demonstrated respect 
for democracy and a free-market 
economy; and 
(B) 2 individuals who are citizens of Haiti 
who— 
(i) are not citizens of the United 
States; 
(ii) have demonstrated respect for de-
mocracy and a free-market economy; and 
(iii) have— 
(I) had a successful business ca-
reer in private equity, banking, or fi-
nance in a developing economy; or 
(II) experience comparable to 
service on the board of directors of a 
fund that is similar to the Enterprise 
Fund and which earned a positive re-
turn on the amounts under the con-
trol of such fund. 
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(2) 
APPOINTMENTS
BY
PRESIDENT.—The 
President shall appoint to the Oversight Panel 2 in-
dividuals who are citizens of the United States, 
who— 
(A) primarily reside in the United States; 
and 
(B) have demonstrated concern for and 
commitment to the economic development of 
Haiti. 
(c) CONSULTATIONS.—The Chief Executive Officer 
and members of the Oversight Panel are encouraged to 
consult extensively with— 
(1) representatives of similar enterprise funds 
established by the United States Government, in 
order to learn best practices relating to the start-up 
phase and ongoing business of an enterprise fund; 
(2) representatives of multilateral institutions, 
including the Inter-American Development Bank, 
the World Bank, and the International Monetary 
Fund, to coordinate support for infrastructure in 
Haiti; and 
(3) leaders from the private sector, civil society, 
labor organizations, human rights groups, academia, 
and environmental organizations in the United 
States and Haiti. 
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SEC. 7. INVESTMENTS FOR CERTAIN PROGRAMS AND 
PROJECTS. 
(a) REQUIREMENTS FOR INVESTMENTS.—The Enter-
prise Fund may only provide investments in programs and 
projects that— 
(1) promote development of the Haitian private 
sector, particularly with respect to— 
(A) micro, small, and medium businesses; 
(B) the agriculture, biodiversity, construc-
tion, energy, finance, manufacturing, and tour-
ism industries; and 
(C) joint ventures between the United 
States and Haiti or the Haitian-American dias-
pora, including joint ventures that empower 
women and youth; 
(2) promote policies and practices that facilitate 
the development of the Haitian private sector 
through— 
(A) equity investments; 
(B) feasibility studies; 
(C) grants; 
(D) guarantees; 
(E) insurance; 
(F) loans; 
(G) technical assistance; and 
(H) training; 
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(3) facilitate an economic environment condu-
cive for an accountable, transparent, and sustained 
democratic system of governance in Haiti, aligned 
with the Global Fragility Strategy required in sec-
tion 504(a) of the Global Fragility Act of 2019 (22 
U.S.C. 9803(a)); 
(4) build the resilient physical infrastructure re-
quired for Haiti to be stable and prosperous, includ-
ing— 
(A) country-wide access to reliable elec-
tricity; 
(B) electricity generation plants; 
(C) passable roads and bridges; 
(D) ports; 
(E) railroads; 
(F) hydrological dams; 
(G) agriculture canals; 
(H) storm water management systems; 
(I) water infrastructure; and 
(J) sanitation and health programs and in-
frastructure; 
(5) create a report that includes— 
(A) the cost to update the physical infra-
structure described in paragraph (4) in Haiti to 
meet resilience standards; and 
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(B) an analysis of completed physical in-
frastructure projects; 
(6) assist in leveraging public and private fund-
ing to address development needs in Haiti; or 
(7) engender conditions for development and in-
dustrialization, create sustainable jobs, or reduce the 
root cause of irregular migrations in Haiti. 
(b) AUTHORIZED ACTIVITIES.—The Enterprise Fund 
may make investments in and encourage— 
(1) increased access to consumer credit in 
Haiti, including from consumer credit unions (also 
known as ‘‘caisse populaires’’); 
(2) the establishment of local agriculture co-
operatives in Haiti; 
(3) the establishment of major electricity gen-
eration facilities and complementary regional and 
national electricity grids in Haiti; 
(4) the establishment of working global manu-
facturing facilities, including facilities manufac-
turing— 
(A) food; 
(B) beverages; 
(C) tobacco; 
(D) chemicals; 
(E) pharmaceuticals; 
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(F) electronics; 
(G) optical products; 
(H) textiles; 
(I) apparel; and 
(J) leather; 
(5) projects providing modern information tech-
nology infrastructure required to deliver and monitor 
development services to economically vulnerable pop-
ulations in Haiti; and 
(6) projects providing management and tech-
nical capacity training and development to promote 
private sector development, including training on ef-
fective management and governance. 
(c) FINANCIAL INSTRUMENTS FOR INVESTMENT IN 
HAITI.— 
(1) IN GENERAL.—The Enterprise Fund shall, 
if practicable, establish financial instruments to en-
able individuals to invest in the Haitian private sec-
tor. 
(2) PREFERRED INVESTMENTS.—If practicable, 
the financial instruments established under para-
graph (1) shall— 
(A) facilitate investment in projects that 
support development and humanitarian relief in 
Haiti; and 
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(B) support Haitian businesses and em-
ployees. 
(d) INVESTMENT PRIORITY.—In making investments 
under this section, the Enterprise Fund shall give priority 
to industries identified by the Government of Haiti as pri-
orities for the economic recovery and growth of Haiti. 
(e) MATTERS FOR CONSIDERATION.—The Enterprise 
Fund shall take into account— 
(1) internationally recognized human rights, in-
cluding the rights of workers; 
(2) environmental factors; 
(3) the effect of the activities of the Fund on 
the economy and labor market of the United States; 
and 
(4) the likelihood that the activity receiving in-
vestments from the Enterprise Fund will be com-
mercially viable. 
SEC. 8. ADMINISTRATION OF FUNDS. 
(a) USE
OF
INVESTMENT
RETURNS
AND
PAY-
MENTS.—The Enterprise Fund may use returns on the 
investments of the Enterprise Fund and payments to the 
Enterprise Fund to provide the investments described in 
section 7, without transferring such returns or payments 
to the Treasury and without further appropriation by Con-
gress. 
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(b) ENSURING ABILITY TO REPAY FUNDS.—The 
Chief Executive Officer shall provide investments in a 
manner that ensures that the Enterprise Fund will be able 
to repay the Treasury as required by section 11. 
(c) USE
OF UNITED STATES PRIVATE VENTURE 
CAPITAL.— 
(1) IN GENERAL.—The Enterprise Fund may 
conduct public offerings or private placements for 
the purpose of soliciting and accepting United States 
venture capital, which may be used, separately or to-
gether with funds appropriated to the Enterprise 
Fund, for any lawful investment purpose that the 
Chief Executive Officer considers appropriate to 
carry out this Act. 
(2) NO
PRIVATE
INVESTOR
OVERSIGHT.—Ac-
ceptance of private venture capital does not author-
ize private investors to have a role in the oversight 
of the Enterprise Fund. 
(3) DISTRIBUTIONS.—Financial returns on En-
terprise Fund investments that include private ven-
ture capital may be distributed, at such times and 
in such amounts as the Chief Executive Officer con-
siders appropriate, to the investors of such capital. 
(d) LIMITATIONS.— 
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(1) PAYMENTS
TO
ENTERPRISE
FUND
PER-
SONNEL.—No funds of the Enterprise Fund shall 
inure to the benefit of any Oversight Panel member, 
officer, or employee of the Enterprise Fund, except 
as salary or reasonable compensation for services. 
(2) USE OF FEDERAL FUNDS FOR GRANTS.— 
Not more than 20 percent of Federal funds made 
available to the Enterprise Fund may be used for in-
vestments in the form of grants. 
(3) USE OF APPROPRIATED FUNDS FOR COSTS 
AND FEASIBILITY STUDIES.—Not more than 15 per-
cent, in total, of funds appropriated to the Enter-
prise Fund may be used for operating costs and fea-
sibility studies to assess commercial viability of ac-
tivities and projects funded by the Enterprise Fund. 
SEC. 9. AUDITS AND RECORDKEEPING. 
(a) INDEPENDENT PRIVATE AUDITS.—The Chief Ex-
ecutive Officer shall ensure that the Enterprise Fund is 
audited annually by an independent certified public ac-
countant or independent licensed public accountant cer-
tified or licensed by a regulatory authority of a State or 
political subdivision of a State, in accordance with gen-
erally accepted auditing standards. 
(b) GOVERNMENT ACCOUNTABILITY OFFICE AU-
DITS.—With respect to any year during which the Enter-
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prise Fund is in possession of funds received from the 
United States Government, the Comptroller General of the 
United States shall audit the financial transactions of the 
Enterprise Fund to identify waste, fraud, or abuse, in ac-
cordance with such principles and procedures and under 
such rules and regulations as the Comptroller General 
may prescribe. 
(c) RECORDKEEPING REQUIREMENTS.—The Chief 
Executive Officer shall ensure that— 
(1) each recipient of funds provided by the En-
terprise Fund under section 7 keeps— 
(A) a separate account for such funds; 
(B) such records as may be reasonably 
necessary to fully disclose— 
(i) the amount of such funds; 
(ii) the total amount of such funds re-
ceived by such recipient; 
(iii) the total cost of the project or ac-
tivity for which the Enterprise Fund pro-
vided such funds; and 
(iv) the amount of the cost of the 
project or activity supplied by sources 
other than the Enterprise Fund; and 
(C) any other records that will facilitate an 
effective audit; and 
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(2) the Chief Executive Officer has access, for 
the purpose of audit and examination, to any record 
described in paragraph (1)(B). 
SEC. 10. REPORTS. 
(a) PUBLIC REPORT ON ENTERPRISE FUND ACTIVI-
TIES.—Not later than 180 days after the establishment 
of the Enterprise Fund and annually thereafter until the 
Enterprise Fund terminates, the Chief Executive Officer 
shall make publicly available on the websites of the Enter-
prise Fund, the United States International Development 
Finance Corporation, and the United States Agency for 
International Development a report describing the funds 
provided by the Enterprise Fund for activities and 
projects described in section 7, with a written explanation 
of the commercial viability of each such activity and 
project. 
(b) REPORT TO CONGRESS ON ENTERPRISE FUND 
ACTIVITIES.— 
(1) IN
GENERAL.—Not later than 120 days 
after the end of the fiscal year during which the En-
terprise Fund is established and annually thereafter 
until the Enterprise Fund terminates, the Chief Ex-
ecutive Officer shall submit to the appropriate con-
gressional committees a report that— 
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(A) describes the successes, failures, ex-
penses, activities, funding, and forecasted pro-
jections of the Enterprise Fund; and 
(B) includes the results of the audit re-
quired by section 9(a). 
(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES DEFINED.—In this section, the term ‘‘appro-
priate congressional committees’’ means— 
(A) the Committee on Appropriations, the 
Committee on Financial Services, and the Com-
mittee on Foreign Affairs of the House of Rep-
resentatives; and 
(B) the Committee on Appropriations and 
the Committee on Foreign Relations of the Sen-
ate. 
(c) REPORT ON OVERSIGHT PANEL DUTIES.—Not 
later than 180 days after the date of the enactment of 
this Act and annually thereafter until the Enterprise Fund 
terminates, the Oversight Panel shall submit to Congress 
and the President a report on the implementation of the 
duties of the Oversight Panel during the preceding year, 
including a description of successes regarding implementa-
tion of the Enterprise Fund and challenges preventing the 
Enterprise Fund from meeting its full potential. 
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(d) REPORT AFTER FAILURE TO REPAY.—Not later 
than 120 days after the last day of any year in which the 
repayment to the Treasury required by section 11 has not 
yet been completed, the Chief Executive Officer shall make 
publicly available a report that includes a comprehensive 
and detailed description of the operations, activities, finan-
cial condition, and accomplishments of the Enterprise 
Fund during such year. 
SEC. 11. TERMINATION. 
Not later than December 31, 2031— 
(1) the Chief Executive Officer shall repay from 
the Enterprise Fund to the Treasury the full 
amount of funds the Enterprise Fund received from 
the United States Government; and 
(2) the Enterprise Fund shall terminate. 
SEC. 12. NONAPPLICABILITY OF OTHER LAWS. 
Notwithstanding any other provision of law, executive 
branch agencies may conduct programs and activities and 
provide services in support of the activities of the Enter-
prise Fund. 
SEC. 13. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated to carry out 
this Act $1,000,000,000 for each of fiscal years 2026 
through 2031, which shall be authorized to remain avail-
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able until expended or until the Enterprise Fund termi-
nates, whichever occurs first. 
Æ 
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