To authorize the establishment of a Haitian American Enterprise Fund for Haiti, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill creates the Haitian American Enterprise Fund, a private nonprofit organization managed by the US International Development Finance Corporation, to invest in Haiti's economic development. The fund would receive up to $1 billion per year from 2026-2031 ($6 billion total) to support Haitian businesses, infrastructure projects, and job creation. The fund must repay the Treasury and terminate by December 31, 2031.
Who Benefits and How
Haitian private sector businesses (agriculture, manufacturing, tourism, construction, energy) benefit from access to equity investments, loans, grants, loan guarantees, and technical assistance. US development finance institutions (DFC, USAID) gain expanded mandate and funding. Haitian-American diaspora and US businesses benefit from opportunities to participate in joint ventures with Haitian enterprises. Infrastructure contractors benefit from projects building roads, ports, electricity grids, and water systems.
Who Bears the Burden and How
US taxpayers bear the cost of $6 billion in authorized appropriations over 6 years, though the fund is required to repay Treasury by 2031. Federal oversight agencies (GAO, congressional committees) face new reporting and audit requirements. The bill explicitly limits private investor governance rights - private venture capital investors cannot participate in oversight despite financial contributions.
Key Provisions
- Authorizes $1 billion/year for FY2026-2031 for the Haitian American Enterprise Fund
- Fund managed by US International Development Finance Corporation CEO
- 9-member Oversight Panel (7 appointed by CEO, 2 by President) monitors investments
- Investments must promote private sector development, infrastructure, and conditions for industrialization
- Fund must repay Treasury in full and terminate by December 31, 2031
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Establishes the Haitian American Enterprise Fund for Haiti, a private nonprofit organization to promote sustainable economic development in Haiti through investments, grants, loans, and technical assistance, with the goal of creating jobs and reducing irregular migration to the United States.
Key Policy Areas
Foreign Aid, Economic Development, Immigration, International Trade, Infrastructure
Primary Purpose
Establishes the Haitian American Enterprise Fund for Haiti, a private nonprofit organization to promote sustainable economic development in Haiti through investments, grants, loans, and technical assistance, with the goal of creating jobs and reducing irregular migration to the United States.
Policy Domains
L'Ouverture Economic Development Plan for Haiti Act of 2025
Identified Gains
Contextual inference, no direct clause citation- Haitian private sector businesses
- Haitian-American diaspora
- US International Development Finance Corporation
- US development contractors
- Haitian workers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- US taxpayers
- Federal oversight agencies
- Private venture capital investors
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMrs. Cherfilus-McCormick (for herself, Ms. Schakowsky, and Mr. Jackson of …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Haitian American Enterprise Fund, US International Development Finance Corporation
US International Development Finance Corporation faces effects in multiple directions
Consumer credit unions (caisse populaires), Individuals with private equity and development finance expertise, Private investors seeking governance rights
Positive-direction: Consumer credit unions (caisse populaires), Individuals with private equity and development finance expertise
Negative-direction: Private investors seeking governance rights
Haitian-American diaspora, US-Haitian joint venture partners
Construction and infrastructure contractors, Infrastructure contractors
Executive branch agencies supporting Enterprise Fund, US Treasury
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_president"
- → President of the United States
- "the_administrator"
- → Administrator of the United States Agency for International Development
- "the_comptroller_general"
- → Comptroller General of the United States
- "the_chief_executive_officer"
- → Chief Executive Officer of the United States International Development Finance Corporation
Key Definitions
Terms defined in this bill
The Haitian American Enterprise Fund for Haiti, a private, nonprofit organization designated by the President and operated by the DFC CEO
A Board of Directors Oversight Panel composed of 9 members appointed by the CEO and President to monitor the Enterprise Fund
House Appropriations, Financial Services, and Foreign Affairs; Senate Appropriations and Foreign Relations
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology