AGOA Enhancement Act of 2015
AN ACT
To promote access to benefits under the African Growth and Opportunity Act, and for other purposes.
Sec. 2 Statement of policy
Sec. 3 Activities in support of transparency
Sec. 4 Activities in support of trade capacity building
Sec. 5 Concurrent compacts under the Millennium Challenge Act of 2003
“(k) Concurrent compacts—An eligible country that has entered into and has in effect a Compact under this section may enter into and have in effect at the same time not more than one additional Compact in accordance with the requirements of this title if—
“(1) one or both of the Compacts are or will be for purposes of regional economic integration, increased regional trade, or cross-border collaborations; and
“(2) the Board determines that the country is making considerable and demonstrable progress in implementing the terms of the existing Compact and supplementary agreements thereto.”
Sec. 6 Millennium Challenge Corporation
“(3) Fiscal year 2013 and subsequent fiscal years—A country shall be a candidate country for purposes of eligibility for assistance for fiscal year 2013 or a subsequent fiscal year if the country—
“(A) has a per capita income equal to or less than the lower middle income country threshold established by the International Bank for Reconstruction and Development for such fiscal year;
“(B) is among the 75 countries identified by the International Bank for Reconstruction and Development as having the lowest per capita income; and
“(C) meets the requirements under paragraph (1)(B).”
“(2) Fiscal year 2013 and subsequent fiscal years—In addition to the countries described in subsection (a), a country shall be a candidate country for purposes of eligibility for assistance for fiscal year 2013 or a subsequent fiscal year if the country—
“(A) has a per capita income equal to or less than the lower middle income country threshold established by the International Bank for Reconstruction and Development for the fiscal year;
“(B) is not among the 75 countries identified by the International Bank for Reconstruction and Development as having the lowest per capita income; and
“(C) meets the requirements under subsection (a)(1)(B).”
“(c) Treatment of countries with per capita income changes—A country qualifying for candidate status under this section with a per capita income that changes during the fiscal year such that the country would be reclassified from a low income country to a lower middle income country or from a lower middle income country to a low income country shall retain its candidacy status in its former income classification for such fiscal year and the two subsequent fiscal years.”
“(B) Other members—Each member of the Board described in paragraph (3)(B)—
“(i) shall be appointed for a term of 3 years;
“(ii) may be reappointed for a term of an additional 2 years; and
“(iii) may continue to serve in each such appointment until the earlier of—
“(I) the date on which his or her successor is appointed; or
“(II) the date that is one year after the expiration of his or her appointment or reappointment, as the case may be.”
“610. Congressional and public notification
“(a) Congressional consultations and notifications
“(1) In general—The Board, acting through the Chief Executive Officer, shall consult with and notify the appropriate congressional committees not later than 15 days before taking any of the actions described in paragraph (2).
“(2) Actions described—The actions described in this paragraph are—
“(A) providing assistance for an eligible country under section 609(g);
“(B) commencing negotiations with an eligible country to provide assistance for—
“(i) a Compact under section 605; or
“(ii) an agreement under section 616;
“(C) signing such a Compact or agreement; and
“(D) terminating assistance under such a Compact or agreement.
“(3) Economic justification—Any notification relating to the intent to negotiate or sign a Compact shall include a report describing the projected economic justification for the Compact, including, as applicable—
“(A) the expected economic rate of return of the Compact;
“(B) a cost-benefit analysis of the Compact;
“(C) a description of the impact on beneficiary populations;
“(D) the likelihood that the investment will catalyze private sector investments; and
“(E) any other applicable economic factors that justify each project to be funded under such a Compact to the extent practicable and appropriate.
“(4) Risk management plan—Not later than 60 days before signing each concurrent Compact, as authorized under section 609, the Board, acting through the Chief Executive Officer, shall consult with and provide to the appropriate congressional committees—
“(A) an assessment and, as appropriate, the identification of potential measures to mitigate risks, of—
“(i) the countries’ commitment to regional integration and cross-border cooperation and capacity to carry out commitments;
“(ii) political and policy risks, including risks that could affect country eligibility;
“(iii) risks associated with realizing economic returns;
“(iv) time and completion risks; and
“(v) cost and financial risks; and
“(B) an assessment of measures to be taken to mitigate any identified risks, including—
“(i) securing other potential donors to finance projects or parts of projects as needed; and
“(ii) partnering with regional organizations to support and oversee effective cross-border cooperation.
“(b) Congressional and public notification after entering into a compact—Not later than 10 days after entering into a Compact with an eligible country, the Board, acting through the Chief Executive Officer, shall—
“(1) publish the text of the Compact on the Internet website of the Corporation;
“(2) provide the appropriate congressional committees with a detailed summary of the Compact and, upon request, the text of the Compact; and
“(3) publish in the Federal Register a detailed summary of the Compact and a notice of availability of the text of the Compact on the Internet website of the Corporation.”
“(b) Dissemination—The Board, acting through the Chief Executive Officer, shall make the information required to be disclosed under subsection (a) available to the public—
“(1) by publishing it on the Internet website of the Corporation;
“(2) by providing notice of the availability of such information in the Federal Register; and
“(3) by any other methods that the Board determines to be appropriate.”
“(d) Funding
“(1) Fiscal year 2004—Not more than 10 percent of the amount appropriated pursuant to the authorization of appropriations under section 619(a) for fiscal year 2004 is authorized to be made available to carry out this section.
“(2) Restriction relating to assistance—None of the funds authorized to carry out the purposes of this Act shall be available for assistance under this section to a country that does not qualify as a candidate country under section 606 for the fiscal year during which such assistance is provided.”
“(F) the quality of the civil society enabling environment;”
“(d) Reporting on treatment of civil society—Before the Board selects an eligible country for a Compact under subsection (c), the Corporation shall provide information to the Board regarding the country’s treatment of civil society, including classified information, as appropriate. The information shall include an assessment and analysis of factors including—
“(1) any relevant laws governing the formation or establishment of a civil society organization, particularly laws intended to curb the activities of foreign civil society organizations;
“(2) any relevant laws governing the operations of a civil society organization, particularly those laws seeking to define or otherwise regulate the actions of foreign civil society organizations;
“(3) laws relating to the legal status of civil society organizations, including laws which effectively discriminate against foreign civil society organizations as compared to similarly situated domestic organizations;
“(4) laws regulating the freedom of expression and peaceful assembly; and
“(5) laws regulating the usage of the Internet, particularly by foreign civil society organizations.”