Amends the Freedom for Russia and Emerging Eurasian Democracies and Open Markets Support Act of 1992 to direct the Secretary of State to support the establishment by U.S. small businesses and independent state small businesses or entrepreneurs of joint ventures to engage in business activity in the independent states of the former Soviet Union. Authorizes the Secretary to make loans for joint ventures. Establishes loan preference criteria, limitations, and repayment terms.
Prohibits: (1) loans to a joint venture if, as a result of the joint venture, a U.S. small business would transfer any business activity that it has been carrying out to a location outside the United States; and (2) goods produced pursuant to a joint venture that receives a loan from being imported into the United States.
Provides for a contract with a private entity for the establishment of a data base to facilitate joint ventures between U.S. and independent state small businesses.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the House Committee on Foreign Affairs.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR E1325-1326)
Referred to the Subcommittee on Europe and the Middle East.
Referred to the Subcommittee on Trade.
Referred to the Subcommittee on International Development, Finance, Trade and Monetary Policy.
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