Bill summaries are authored by CRS.

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Reported to Senate without amendment (06/02/2008)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Eurasia Foundation Act - Directs the Secretary of State to make an annual grant to the Eurasia Foundation to: (1) promote civil society, private enterprise, and public administration and policy in the countries of Eurasia; (2) strengthen indigenous institutions that foster national development, social change, economic growth, and cooperative international relationships consistent with U.S. interests in Eurasia; and (3) conduct programs in the countries of Eurasia that would be difficult or impossible for an official U.S. entity.

Sets forth provisions respecting: (1) grant eligibility; (2) audits; (3) recordkeeping; and (4) reports.

Directs the Foundation and any successor or related entity to the U.S. Russia Investment Fund to enter into a memorandum of understanding to: (1) coordinate activities carried out by the Foundation and the successor or related entity; and (2) ensure that the activities of one entity do not duplicate the activities of the other entity.

Authorizes FY2009-FY2010 appropriations.