<p>WASHINGTON-The House is currently debating a resolution (H.Res. 419), introduced by Congressman Lincoln Diaz-Balart (R-Fla.), to speed action up on earlier legislation aimed at rebuilding Afghanistan's infrastructure. The bill (H.R. 3994) provides for the establishment of credit unions in the war-torn country. H.Res. 419 provides for "consideration of the bill (H.R. 3994) to authorize economic and democratic development assistance for Afghanistan and to authorize military assistance for Afghanistan and certain other foreign countries." The legislation itself serves to "establish financial institutions, including credit unions, cooperatives, and other entities providing microenterprise credits and other income-generation programs for the poor, with particular emphasis on women," among other things. The Afghanistan Freedom Support Act of 2002 was introduced March 19 by Representative Henry Hyde (R-Ill.). A similar bill has not been introduced in the Senate.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.