Sec. 101. Developing and implementing a strategy to increase economic competitiveness and promote the rule of law

308 words·~1 min read·/bill/116/hr/8716/ih/section-101

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Not later than 180 days after the date of the enactment of this Act, the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Attorney General, the United States Trade Representative, the Administrator of the United States Agency for International Development, and the Chief Executive Officer of the United States International Development Finance Corporation, shall submit a multi-year strategy for increasing United States economic competitiveness and promoting the rule of law in Latin American and Caribbean countries, particularly in the areas of investment, sustainable development, commercial relations, anti-corruption activities, and infrastructure projects, to— the Committee on Foreign Relations of the Senate ; the Committee on Finance of the Senate ; the Committee on Foreign Affairs of the House of Representatives ; and the Committee on Ways and Means of the House of Representatives .

The strategy submitted pursuant to subsection

(a)shall include a plan of action to— assist Latin American and Caribbean countries with the sustainable development of their economies; promote the rule of law as a means to ensure fair competition, combat corruption, and strengthen legal structures critical to robust democratic governance; identify and mitigate obstacles to economic growth in Latin America and the Caribbean; maintain free and transparent access to the internet and digital infrastructure in the Western Hemisphere; and facilitate a more competitive environment for United States businesses in Latin America and the Caribbean. Not later than 1 year after the date of the enactment of this Act, and annually thereafter, the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Attorney General, the United States Trade Representative, and the leadership of the United States International Development Finance Corporation, shall brief the congressional committees listed in subsection

(a)on the implementation of this title, including examples of successes and challenges.