Sec. 246. Strategy to strengthen economic competitiveness, governance, human rights, and the rule of law in Latin America and the Caribbean
342 words·~2 min read·
/bill/116/s/4629/is/section-246A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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, 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 good governance, human rights, and the rule of law in Latin American and Caribbean countries, particularly in the areas of investment, equitable and 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 Armed Services of the Senate; the Committee on Appropriations of the Senate; the Committee on Foreign Affairs of the House of Representatives; the Committee on Armed Services of the House of Representatives; the Committee on Ways and Means of the House of Representatives; and the Committee on Appropriations of the House of Representatives.
The strategy required under subsection
(a)shall include a plan of action for— assisting Latin American and Caribbean countries with the sustainable development of equitable economies; promoting judicial reform and the rule of law as a means to ensure fair competition, combat corruption, end impunity, and strengthen legal structures critical to robust democratic governance; identifying and mitigating obstacles to economic growth in Latin America and the Caribbean; maintaining free and transparent access to the internet and digital infrastructure in the Western Hemisphere; and facilitating a more open, transparent, and 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, after 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)regarding the implementation of this part, including examples of successes and challenges.