to section 2002.2 of title 15, Code of Federal Regu-
lations, and is composed of representatives of Fed-
eral agencies in charge of developing and coordi-
nating United States positions on international trade 
and trade-related investment issues. 
(7) MULTILATERAL
DEVELOPMENT
BANKS.— 
The term ‘‘multilateral development banks’’ has the 
meaning given that term in section 1701(c)(4) of the 
International Financial Institutions Act (22 U.S.C. 
262r(c)(4)) and includes the African Development 
Foundation. 
(8) SUB-SAHARAN REGION.—The term ‘‘sub-Sa-
haran region’’ refers to the 48 countries listed in 
section 107 of the African Growth and Opportunity 
Act (19 U.S.C. 3706) and includes the Republic of 
South Sudan. 
(9) TRADE
PROMOTION
COORDINATING
COM-
MITTEE.—The term ‘‘Trade Promotion Coordinating 
Committee’’ means the Trade Promotion Coordi-
nating Committee established by Executive Order 
12870 (58 Fed. Reg. 51753). 
(10) UNITED STATES AND FOREIGN COMMER-
CIAL SERVICE.—The term ‘‘United States and For-
eign Commercial Service’’ means the United States 
and Foreign Commercial Service established by sec-
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tion 2301 of the Export Enhancement Act of 1988 
(15 U.S.C. 4721). 
SEC. 4. STRATEGY. 
(a) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this Act, the President shall es-
tablish a comprehensive United States strategy for public 
and private investment, trade, and development in Africa. 
(b) FOCUS OF STRATEGY.—The strategy required by 
subsection (a) shall focus on— 
(1) increasing exports of United States goods 
and services to Africa by 200 percent in real dollar 
value within 10 years from the date of the enact-
ment of this Act; 
(2) coordinating United States commercial in-
terests with development priorities in Africa; 
(3) developing relationships between the govern-
ments of countries in Africa and United States busi-
nesses that have an expertise in such issues as infra-
structure development, technology, telecommuni-
cations, energy, and agriculture; 
(4) improving the competitiveness of United 
States businesses in Africa, including the role the 
African diaspora can play in enhancing such com-
petitiveness; 
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(5) exploring ways that African diaspora remit-
tances can help governments in Africa tackle eco-
nomic, development, and infrastructure financing 
needs; 
(6) promoting economic integration in Africa 
through working with the subregional economic com-
munities, supporting efforts for deeper integration 
through the development of customs unions within 
western and central Africa and within eastern and 
southern Africa, eliminating time-consuming border 
formalities into and within these areas, and sup-
porting regionally based infrastructure projects; 
(7) encouraging a greater understanding among 
United States business and financial communities of 
the opportunities Africa holds for United States ex-
ports; and 
(8) monitoring— 
(A) market loan rates and the availability 
of capital for United States business investment 
in Africa; 
(B) loan rates offered by the governments 
of other countries for investment in Africa; and 
(C) the policies of other countries with re-
spect to export financing for investment in Afri-
ca that are predatory or distort markets. 
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(c) CONSULTATIONS.—In developing the strategy re-
quired by subsection (a), the President shall consult 
with— 
(1) Congress; 
(2) each agency that is a member of the Trade 
Promotion Coordinating Committee; 
(3) the multilateral development banks; 
(4) each agency that participates in the Trade 
Policy Staff Committee; 
(5) the President’s National Export Council; 
(6) each of the development agencies; 
(7) any other Federal agencies with responsi-
bility for export promotion or financing and develop-
ment; and 
(8) the private sector, including businesses, 
nongovernmental organizations, and African dias-
pora groups. 
(d) SUBMISSION TO CONGRESS.— 
(1) STRATEGY.—Not later than 180 days after 
the date of the enactment of this Act, the President 
shall submit to Congress the strategy required by 
subsection (a). 
(2) PROGRESS
REPORT.—Not later than 3 
years after the date of the enactment of this Act, the 
President shall submit to Congress a report on the 
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implementation of the strategy required by sub-
section (a). 
(3) CONTENT
OF
REPORT.—The report re-
quired by paragraph (2) shall include an assessment 
of the extent to which the strategy required by sub-
section (a)— 
(A) has been successful in developing crit-
ical analyses of policies to increase exports to 
Africa; 
(B) has been successful in increasing the 
competitiveness of United States businesses in 
Africa; 
(C) has been successful in creating jobs in 
the United States, including the nature and 
sustainability of such jobs; 
(D) has provided sufficient United States 
Government support to meet third country com-
petition in the region; 
(E) has been successful in helping the Af-
rican diaspora in the United States participate 
in economic growth in Africa; 
(F) has been successful in promoting eco-
nomic integration in Africa; and 
(G) has made a meaningful contribution to 
the transformation of Africa and its full inte-
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