Yoho Bill Will Make Foreign Aid More Efficient and Effective
Washington, D.C. – Congressman Ted S. Yoho (R-FL), Chairman of the House Foreign Affairs Subcommittee on Asia and the Pacific, introduced the Economic Growth and Development Act (EGDA) – H.R. 2747. EGDA establishes a direct relationship between U.S. development agencies and the private sector. It also requires consultation with the private sector when developing country strategies and calls for ongoing studies into the factors that limit private-sector growth in each country that receives U.S. assistance.
This bipartisan, bicameral bill will help advance U.S. national security interests by achieving our development goals, boost economic opportunities for Americans, and build relationships around the globe which will help keep America and Americans safe at home.
Congressman Yoho released the following statement:
“America is the most generous nation in the world when it comes to foreign aid. Today’s introduction of the bipartisan Economic Growth and Development Act 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 (S.1274) 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.”