§2430f Enterprise for the Americas Funds

Summary

Each country that signs an Americas Framework Agreement must create an Enterprise for the Americas Fund to receive local-currency payments. The Fund is the place where those local payments are kept. Money in the Fund does not count as foreign aid for laws that limit aid to a country. Money put into the Fund must be invested until it is paid out. Any earnings from those investments can stay in the Fund and do not have to be sent to the U.S. Treasury or approved again by Congress. The Fund’s money can only be spent under the terms of the Americas Framework Agreement.