H.R.3488 - Invest in America First Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Bucshon, Larry [R-IN-8] (Introduced 11/18/2011)|
|Committees:||House - Foreign Affairs|
|Latest Action:||11/18/2011 Referred to the House Committee on Foreign Affairs. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3488 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (11/18/2011)
Invest in America First Act of 2011 - Prohibits foreign assistance from being provided to a country with a GDP of $1.5 trillion or more.
Exempts from such prohibition military, security, or humanitarian assistance.
Defines "GDP" as a country's gross domestic product on a purchasing power parity basis divided by the population of the country, as determined by the most recent publication of the Central Intelligence Agency's (CIA) The World Factbook.