A bill to authorize the President to negotiate the creation of a North American Investment Fund between the Governments of Canada, of Mexico, and of the United States to increase the economic competitiveness of North America in a global economy.
North American Investment Fund Act - Authorizes the President to negotiate with Canada and Mexico to create a North American Investment Fund to: (1) increase the global economic competitiveness of North America; (2) promote economic development in Mexico in the areas of infrastructure, education, technology, and job training; and (3) reduce the wealth gap between Mexico and Canada, and between Mexico and the United States.
States that the Fund shall: (1) be funded by all three countries, with conditions on U.S. and Canadian contributions based upon revenue measures to be taken by Mexico; and (2) operate for an initial ten-year period, and cease operation unless Canada, Mexico, and the United States agree to its continuation.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6806)
Read twice and referred to the Committee on Foreign Relations.
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