PUBLIC LAW 108–31—JUNE 17, 2003
117 STAT. 775
Public Law 108–31 108th Congress An Act To amend the Microenterprise for Self-Reliance Act of 2000 and the Foreign Assistance Act of 1961 to increase assistance for the poorest people in developing countries under microenterprise assistance programs under those Acts, and for other purposes.
June 17, 2003 [H.R. 192]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AMENDMENTS TO THE MICROENTERPRISE FOR SELF-RELIANCE ACT OF 2000.
(a) PURPOSES.—Section 103 of the Microenterprise for SelfReliance Act of 2000 (Public Law 106–309) is amended— (1) in paragraph (3), by striking ‘‘microentrepreneurs’’ and inserting ‘‘microenterprise households’’; (2) in paragraph (4), by striking ‘‘and’’ at the end; (3) in paragraph (5)— (A) by striking ‘‘microfinance policy’’ and inserting ‘‘microenterprise policy’’; (B) by striking ‘‘the poorest of the poor’’ and inserting ‘‘the very poor’’; and (C) by striking the period at the end and inserting ‘‘; and’’; and (4) by adding at the end the following: ‘‘(6) to ensure that in the implementation of this title at least 50 percent of all microenterprise assistance under this title, and the amendments made under this title, shall be targeted to the very poor.’’. (b) DEFINITIONS.—Section 104 of such Act is amended— (1) in paragraph (2), by striking ‘‘for microentrepreneurs’’ and inserting ‘‘to microentrepreneurs and their households’’; and (2) by adding at the end the following: ‘‘(5) VERY POOR.—The term ‘very poor’ means individuals— ‘‘(A) living in the bottom 50 percent below the poverty line established by the national government of the country in which those individuals live; or ‘‘(B) living on the equivalent of less than $1 per day.’’.
22 USC 2151f note.
22 USC 2151f note.
SEC. 2. AMENDMENTS TO THE MICRO- AND SMALL ENTERPRISE DEVELOPMENT CREDITS PROGRAM UNDER THE FOREIGN ASSISTANCE ACT OF 1961.
(a) FINDINGS AND POLICY.—Section 108(a)(2) of the Foreign Assistance Act of 1961 (22 U.S.C. 2151f(a)(2)) is amended by striking ‘‘the development of the enterprises of the poor’’ and inserting
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