Summary: H.R.3818 — 108th Congress (2003-2004)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Public Law No: 108-484 (12/23/2004)

(This measure has not been amended since it was passed by the House on November 20, 2004. The summary of that version is repeated here.)

Microenterprise Results and Accountability Act of 2004 - (Sec. 3) Amends the Foreign Assistance Act of 1961 to repeal existing microenterprise development grant authority and reestablish and revise it as a separate title, title VI - Microenterprise Development Assistance.

Authorizes microenterprise development grant assistance in developing countries for: (1) expanding credit, savings, and other financial services; (2) training, technical assistance, and business development services; (3) capacity-building; and (4) policy and regulatory programs at the country level that improve the environment for microenterprise institutions serving the poor and very poor.

Establishes the Office of Microenterprise Development within the United States Agency for International Development (USAID), to be headed by a Director capable in both microenterprise development leadership and technical expertise. Requires assistance to emphasize the use of implementing partner organizations meeting high standards of efficiency, cost-effectiveness, and sustainability and that especially provide the greatest possible resources to the poor and very poor. Requires the Office, in order to ensure that grant assistance is distributed effectively and efficiently, to also seek to implement a program of central funding under which assistance is administered directly by the Office.

Targets 50 percent of microenterprise assistance for very poor clients (individuals living in the bottom 50 percent below a country's poverty level).

Requires the assistance monitoring system to meet certain performance standards.

Directs USAID, by April 1, 2005, to develop and certify for use at least two poverty measurement methods for partner organization use, which shall be used by such organizations no later than October 1, 2006.

(Sec. 4) Transfers to this title authority for the: (1) microenterprise and small enterprise development credit program; and (2) United States Microfinance Loan Facility.

(Sec. 6) Directs the Administrator to report annually on implementation of this title.

Defines specified terms.