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119-hr-1114119th CongressWALLET

L’Ouverture Economic Development Plan for Haiti Act of 2025

Sponsored By: Representative Cherfilus-McCormick, Sheila [D-FL-20]

Introduced

Summary

Creates a private Haitian American Enterprise Fund to mobilize investment for Haiti's economic recovery. The fund uses U.S. seed capital and private financing to back businesses, resilient infrastructure, and workforce development through equity, loans, guarantees, grants, and technical assistance.

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  • Haitian entrepreneurs and workers gain targeted finance and training for micro, small, and medium enterprises and priority sectors such as agriculture, manufacturing, energy, and tourism, plus investment in resilient electricity, water, roads, and health infrastructure.
  • U.S. and Haitian-American investors and partners can provide capital through public offerings, private placements, equity, loans, guarantees, and grants, while the CEO controls distributions and private investors have no oversight rights.
  • Federal oversight and limits include a nine-member Oversight Panel, annual independent audits and reports, a cap of 20 percent of federal funds for grants and 15 percent for operating costs, and an authorization of $1.0 billion per year for fiscal years 2026 through 2031.

*Authorizes $1.0 billion annually for 2026–2031 and requires the fund to repay amounts received to the Treasury by Dec 31, 2031, so the ultimate effect on the federal ledger depends on investment returns and full repayment.*

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 2 benefits, 0 costs, 3 mixed.

New Haiti investment fund with $1B yearly

If enacted, the President could name a U.S. nonprofit to run the Haitian American Enterprise Fund. The DFC Chief Executive Officer would operate the Fund. The bill would authorize $1 billion each year for FY2026–FY2031, available until spent or until the Fund ends. Federal agencies would be allowed to support the Fund’s activities.

Where the Fund would invest and how

If enacted, the Fund would invest to grow Haiti’s private sector, with a focus on small and medium firms. Target areas would include agriculture, energy, finance, manufacturing, tourism, and key infrastructure like power, roads, ports, water, and health systems. It could use loans, equity, guarantees, grants, insurance, technical help, and training. The Fund could keep and reinvest its returns. It could also raise U.S. venture capital and pay investors when the CEO decides. Haiti’s stated priority industries would get first look.

Caps on admin costs and grant share

If enacted, not more than 15% of appropriated money could go to operating costs and feasibility studies. No more than 20% of federal funds could be used as grants. This would shift more dollars into loans, equity, and other tools rather than grants.

Fund would repay Treasury and end 2031

If enacted, the CEO would have to repay the Treasury the full amount of U.S. funds the Fund received by December 31, 2031. After repayment, the Enterprise Fund would terminate.

Strong oversight, audits, and public reports

If enacted, a nine-member Oversight Panel would monitor the Fund. The Fund would get an independent audit every year, and GAO would audit in any year it holds U.S. funds. Businesses that get Fund money would need to keep separate accounts and records open to the CEO for review. The CEO would post a public report within 180 days of launch and yearly. The CEO would also report to Congress within 120 days after the fiscal year and yearly.

Sponsors & CoSponsors

Sponsor

Cherfilus-McCormick, Sheila [D-FL-20]

FL • D

Cosponsors

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 2/7/2025

  • Rep. Jackson, Jonathan L. [D-IL-1]

    IL • D

    Sponsored 2/7/2025

  • Rep. Frost, Maxwell [D-FL-10]

    FL • D

    Sponsored 6/2/2025

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 6/9/2025

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 6/23/2025

  • Rep. Wilson, Frederica S. [D-FL-24]

    FL • D

    Sponsored 7/10/2025

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 7/29/2025

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 10/24/2025

  • Rep. DeGette, Diana [D-CO-1]

    CO • D

    Sponsored 11/7/2025

  • Rep. Bell, Wesley [D-MO-1]

    MO • D

    Sponsored 12/11/2025

Roll Call Votes

No roll call votes available for this bill.

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