H.R. 6957, The Microfinance Capacity-Building Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6957 would amend the Foreign Assistance Act of 1961 to provide funding for capacity-building to microfinance service providers.

Detailed Summary

Microfinance Capacity-Building Act of 2008 - Amends the Foreign Assistance Act of 1961 to direct the United States Agency for International Development (USAID) to provide grants to eligible private non-profit microfinance institution networks that provide direct financial services (including credit, savings, insurance, remittances and cash transfers) to the poor and very poor in developing countries, particularly in sub-Saharan African countries.

Status of the Legislation

Latest Major Action: 9/18/2008: Referred to House committee. Status: Referred to the House Committee on Foreign Affairs.

Points in Favor

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Points Against

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