“I am pleased to be an original co-sponsor of this this bicameral, bipartisan legislation to advance U.S. interests by creating opportunities for economic development and to improve planning and coordination of our international development efforts,” said Rep. Adam Smith.

“America is the most generous nation in the world when it comes to foreign aid,” said Rep. Ted Yoho, chairman of the House Foreign Affairs Subcommittee on Asia and the Pacific. “Today’s introduction of the bi-partisan Economic Growth and Development Act (EGDA) will ensure that our foreign aid dollars are used effectively and efficiently. By focusing on these objectives, we can transition recipient countries from aid to trade with the United States. I want to thank Rep. Adam Smith for joining me in introducing this bill.  I would also like to thank Senator Isakson for introducing his companion bill in the Senate as well as his co-leads, Senators Coons and Perdue. Collectively we can refocus the delivery of U.S. foreign aid so it leads down a path of shared economic prosperity for all.” 

Full text of the legislation can be viewed HERE.

Background:

U.S. Sens. Isakson and Coons are co-chairs of the Congressional Caucus for Effective Foreign Assistance in the U.S. Senate along with U.S. Reps. Yoho and Smith in the U.S. House of Representatives.