Sec. 4. The end modern slavery initiative foundation
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Not later than 60 days after the date of the enactment of this Act, there shall be established and incorporated under the laws of the District of Columbia an independent, private nonprofit corporation to be known as End Modern Slavery Initiative Foundation . The purpose of the End Modern Slavery Initiative Foundation shall be to work collaboratively with government, civil society, and private institutions in partner countries and key jurisdictions of other countries with a high prevalence of modern slavery to identify and fund successful strategies to combat modern slavery.
The End Modern Slavery Initiative Foundation shall not be an agency or establishment of the United States Government. The members of the Board of Directors of the End Modern Slavery Initiative Foundation shall not, by reason of such membership, be officers or employees of the United States, and the officers or employees of the End Modern Slavery Initiative Foundation shall not be officers or employees of the United States. The End Modern Slavery Initiative Foundation shall be eligible to be treated as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 which is exempt from taxation under section 501(a) of such code and, if such treatment is conferred in accordance with the provisions of such code, shall be subject to all provisions of such code relevant to the conduct of organizations exempt from taxation.
The End Modern Slavery Initiative Foundation shall seek to obtain a minimum of $1,500,000,000 in aggregate funding from foreign governments and private sector organizations and individuals over an initial seven year period, leveraging United States Government grants provided to the Foundation as seed funding and to complement the comprehensive foreign assistance programs of the United States Government. The Board of Directors shall, not later than 180 days after the date of the enactment of this Act, submit to the appropriate congressional committees a plan to raise an additional $500,000,000 in commitments from private sector entities to fully fund the End Modern Slavery Initiative Foundation.
The End Modern Slavery Initiative Foundation may accept and utilize, consistent with the policies, priorities, and purposes of this Act, any gift, donation, bequest, or devise of real or personal property from any government or private sector individual or organization, including the provision of voluntary services or in-kind services or products. The End Modern Slavery Initiative Foundation shall be overseen by a Board of Directors— which shall include individuals with recognized relevant professional expertise and a survivor of modern slavery; and not more than 11 of whom will be voting members.
The voting directors of the Board may appoint, at their discretion, non-voting advisory directors, which may include a representative of the Secretary of State such as the Ambassador-at-Large and Director of the Office to Monitor and Combat Trafficking in Persons. Decisions of the Board of Directors shall be made by a simple majority vote of voting directors present. In addition to other specific responsibilities provided for in this Act, the voting directors of the Board of Directors shall— oversee the monitoring and evaluation of the End Modern Slavery Initiative Foundation efforts and supported projects; and make prioritized program funding decisions.
In order to take official action, the Board shall require a quorum composed of a majority of its voting directors. The Board of Directors shall— by majority vote of voting directors delegate relevant authorities to the Chief Executive Officer appointed pursuant to paragraph (2)(A) concerning agreements made with governments or private sector individuals or organizations, programmatic and monitoring and evaluation strategies of the End Modern Slavery Initiative Foundation, and other matters related to the End Modern Slavery Initiative Foundation, consistent with the policies, priorities, and purposes of this Act; and reserve the right of review and approval of major agreements as appropriate.
Not later than five years after the date of the enactment of this Act, the Board of Directors shall review, approve, and submit to governments, entities, or individuals providing funding to the End Modern Slavery Initiative Foundation, as well as the appropriate congressional committees, the strategy required to be developed pursuant to paragraph (2)(D). The day-to-day operations of the End Modern Slavery Initiative Foundation shall be run by a Chief Executive Officer, who shall be a United States citizen and shall be employed at the exclusive discretion of the Board of Directors.
The Chief Executive Officer of the End Modern Slavery Initiative Foundation shall be authorized to take all actions authorized by the Board of Directors, consistent with the policies, priorities, and purposes of this Act, including the hiring and termination of any employees of the End Modern Slavery Initiative Foundation. The Chief Executive Officer shall be responsible for— ensuring matching funding requirements pursuant to this Act are met; ensuring that foreign government and private sector funding commitments are fully realized; developing all necessary strategies and agreements for the End Modern Slavery Initiative Foundation; identifying funding requirements; preparing and presenting to the Board of Directors for approval a portfolio of priority projects to be funded; administering the End Modern Slavery Initiative Foundation procurement processes; developing reliable baseline data and ensuring that such data and the process of obtaining such data are subject to outside, independent audits; developing and administering the monitoring and evaluation of funded programs; complying with all relevant auditing, accounting, taxation, and legal requirements; preparing, publicly publishing, and submitting to each government, private individual, or corporation that has contributed funds an annual report of approximately 50 pages with appropriate annexes on the activities and results of the End Modern Slavery Initiative Foundation; ensuring the sharing, among appropriate governmental and nongovernmental partners and interested parties in the global anti-slavery community, of corporate and nonprofit best practices, including those developed or identified by the End Modern Slavery Initiative Foundation or others through its supported programs; working to encourage partner countries to hold accountable those who enslave children and adults in the sex trade; working to develop best practices to help ensure that corporate supply chains do not involve the use of victims of modern slavery, including ending forced labor and addressing the role of abusive labor recruitment practices and fees; and undertaking consultations, as the Chief Executive Officer deems necessary or is directed by the Board of Directors, with appropriate governmental and nongovernmental partners with respect to End Modern Slavery Initiative Foundation strategies, programs, and projects.
Not later than four years after the date of the enactment of this Act, the Chief Executive Officer, in consultation with the Board of Directors, shall initiate discussions with appropriate governmental and nongovernmental partners and begin development of a strategy that seeks to end modern slavery globally based on empirical evidence and best practices identified by the End Modern Slavery Initiative Foundation, including funding requirements to fully implement such a strategy.
The End Modern Slavery Initiative Foundation may not issue any shares of stock or declare or pay dividends. No part of the assets of the End Modern Slavery Initiative Foundation shall inure to the benefit of any member of the Board of Directors, any officer or employee of the End Slavery Initiative Foundation, or any other individual, except as reasonable salary or compensation for services for officers and employees, reasonable reimbursement for expenses incurred in the course of such employment, or for other individuals, as specific beneficiaries of services provided pursuant to supported projects.
No voting director of the Board of Directors may be a member of the board of directors or an officer, employee, or consultant to, any grantee of the End Modern Slavery Initiative Foundation. No director of the Board of Directors may receive compensation for service on the Board of Directors, other than reasonable reimbursement for expenses incurred in the course of such service. Any Federal funds provided to the End Modern Slavery Initiative Foundation or any other nonprofit organization pursuant to the authorization of funding provided under this Act shall be subject to the restrictions and prohibitions of section 1352 of title 31, United States Code.
The End Modern Slavery Initiative Foundation shall be subject to the same auditing, recordkeeping, and reporting obligations as required pursuant to subsections (e), (f), (g), and
(i)of section 504 of the National Endowment for Democracy Act ( 22 U.S.C. 4413 ). The Comptroller General of the United States may evaluate the financial transactions of the End Slavery Initiative Foundation as well as the programs or activities the End Slavery Initiative Foundation carries out pursuant to this Act. The End Slavery Initiative Foundation shall provide the Comptroller General, or his duly authorized representatives, access to such records as the Comptroller General determines necessary to conduct evaluations authorized by this Act. Nothing in this Act shall be construed to make the End Modern Slavery Initiative Foundation an agency or establishment of the United States Government or to make the members of the Board of Directors of the End Slavery Initiative Foundation, or the officers or employees of the End Slavery Initiative, officers or employees of the United States.
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Sec. 4
The end modern slavery initiative foundation
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