I
106TH CONGRESS
1ST SESSION
H. R. 2745
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
AUGUST 5, 1999
Mr. ENGEL (for himself, Mr. KING, Mr. LANTOS, Mr. MORAN of Virginia, Mr.
MCGOVERN, Mr. PALLONE, and Mrs. KELLY) 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 1999’’.
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) PURPOSES.—The purposes of this section are to
promote small- and medium-sized business development in
Kosova through loans, microcredit lending, grants, equity
investments, insurance, and loan guarantees.
‘‘(b) 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 2000.
‘‘(2) 
AVAILABILITY.—Amounts 
appropriated
pursuant to the authorization of appropriations
under paragraph (1) are authorized to remain avail-
able until expended.
‘‘(c) 
NONAPPLICABILITY
OF
OTHER
LAWS.—
Amounts appropriated pursuant to the authorization of
appropriations under subsection (b)(1) may be made avail-
able to the Kosovar-American Enterprise Fund designated
under subsection (d)(1) and used for the purposes of this
section notwithstanding any other provision of law.
‘‘(d) DESIGNATION OF ENTERPRISE FUNDS.—
‘‘(1) DESIGNATION.—The President is author-
ized to designate 1 private, nonprofit organization as
eligible to receive funds and support pursuant to this
section upon a determination by the President that
the organization has been established for the pur-
poses specified in subsection (a). For purposes of
this section, the organization so designated shall be
referred to as the ‘Kosovar-American Enterprise
Fund’ (hereinafter in this section referred to as the
‘Enterprise Fund’).
‘‘(2) CONSULTATION
WITH
CONGRESS.—The
President shall consult with the leadership of each
House of Congress before designating an organiza-
tion pursuant to paragraph (1).
‘‘(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)(3) through (5)) shall apply
to the Enterprise Fund designated under paragraph
(1).
‘‘(e) GRANT TO ENTERPRISE FUND.—The Adminis-
trator of the United States Agency for International De-
velopment shall, from amounts appropriated to the Presi-
dent under subsection (b), provide a grant to the Enter-
prise Fund to enable the Enterprise Fund to carry out
the purposes specified in subsection (a) and for the admin-
istrative expenses of the Enterprise Fund.
‘‘(f) 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(f) through (p)) shall apply to the Enterprise
Fund to the same extent and in the same manner as such
subsections apply to the Polish-American Enterprise Fund
and the Hungarian-American Enterprise Fund.’’.
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