H.R. 5561 · 98th Congress · enacted
A bill to enhance the economic development of Guam, the Virgin Islands, American Samoa, the Northern Mariana Islands and for other purposes.
Became Public Law No: 98-454.
Latest official action 1984-10-05 · Enacted
The bill, briefly
Title I - Authorizes the Secretary of the Interior to encourage private investment in projects, enterprises, and activities in the territories of Guam, the Virgin Islands, American Samoa, and the Northern Mariana Islands. Requires such investments to contribute to economic development and to promote and develop business management expertise by supplementing private capital when it is not otherwise available on reasonable terms and conditions through other sources and by providing technical and other assistance. Establishes in the Treasury a Territorial Economic Development Fund which shall be available as a revolving fund for the purposes of this Act. Provides for the administration of such fund by the Secretary and a Board of Directors. Permits the Secretary to make loans from the Fund for a period not to exceed 25 years or 90 percent of the useful life of any physical asset to be financed by the loan, whichever is less. Prohibits approval of any loan unless the Secretary determines that credit is not otherwise available to the applicant on reasonable terms and conditions. Requires the Secretary to submit an annual report to Congress concerning the activities of the Board of Directors and the operation of the program authorized by this Act, including an income statement and a balance sheet. Authorizes appropriations through FY 1987 for the initial lending capital for the Fund…
Congressional Research Service · 1984-05-01
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
3 of 3 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.