AIDA

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4586 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4586 To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 22, 2025 Mrs. Cherfilus-McCormick (for herself and Mr. Jackson of Illinois) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``African Diaspora Investment and Development Act'' or the ``AIDA''. SEC. 2. FINDINGS. Congress finds the following: (1) The United States is home to approximately 6,600,000 first generation African and Caribbean immigrants, nested within a broader population of 46,000,000 African Americans, representing vast economic, intellectual, and cultural capital, with longstanding economic and cultural ties to their countries of origin. (2) Many members of these and other diaspora and immigrant populations annually transmit to their countries of origin or descent portions of their incomes or other earnings--transfers known as remittances--that in the aggregate often are large and signif