Amends the Foreign Assistance Act of 1961 to provide that, in meeting the goal of strengthening the participation of the rural and urban poor in their country's development through the use of development funds for technical and capital assistance in the development and use of cooperatives in less developed countries, that priority be given to: (1) technical assistance to low income farmers who form and develop member-owned cooperatives for farm supplies, marketing, and value-added processing; (2) the promotion of national credit union technical assistance that strengthens the ability of low income people and micro-entrepreneurs to save and to have access to credit for their own economic advancement; (3) the establishment of rural electric and telecommunication cooperatives for universal access for rural people and villages that lack reliable electric and telecommunications services; and (4) the promotion of community- based cooperatives which provide employment opportunities and important services such as health clinics, self-help shelter, environmental improvements, group-owned businesses, and other activities. Requires the Administrator of the U.S. Agency for International Development to report to Congress on implementation of such goals.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations. (text of measure as introduced: CR S8765)
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
Committee on Foreign Relations. Reported by Senator Helms without amendment. Without written report.
Committee on Foreign Relations. Reported by Senator Helms without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 843.
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