To prohibit funding for the Development Innovation Ventures (DIV) program.

Prohibits funds available to the United States Agency for International Development (USAID) from being used for the Development Innovation Ventures (DIV) program or any successor program.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1625 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1625

   To prohibit funding for the Development Innovation Ventures (DIV) 
                                program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 2011

  Mr. Manzullo (for himself, Mr. Burton of Indiana, Mr. Chaffetz, Mr. 
 Conaway, Mr. King of Iowa, Mr. Gohmert, and Mr. Posey) introduced the 
 following bill; which was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
   To prohibit funding for the Development Innovation Ventures (DIV) 
                                program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON FUNDING FOR DEVELOPMENT INNOVATION VENTURES 
              (DIV) PROGRAM.

    (a) Prohibition.--No funds available to the United States Agency 
for International Development (USAID) may be used to carry out the 
Development Innovation Ventures (DIV) program or any successor program.
    (b) Effective Date.--This section shall take effect on the date of 
the enactment of this Act and shall apply with respect to funds 
available to USAID for the DIV program or any successor program that 
are unobligated on or after such date of enactment.

SEC. 2. DEBT REDUCTION.

    Notwithstanding any other provision of law, funds available to 
USAID for the DIV program or any successor program that are unobligated 
on or after the date of the enactment of this Act shall be deposited 
into the General Fund of the Treasury and shall be used only for 
reducing the debt of the Federal Government.
                                 <all>