Washington, D.C. - Today, House Foreign Affairs Committee Chairman Ed Royce (R-CA) announced the following upcoming Committee event.
Wednesday, June 21
Subcommittee Hearing: Grading the Egyptian and Tunisian Enterprise Funds
10 a.m. on Wednesday, June 21 in 2172 Rayburn House Office Building
Subcommittee on the Middle East and North Africa
Rep. Ileana Ros-Lehtinen (R-FL), Chairman
Invited Witnesses Include.
James Harmon
Chairman
Egyptian-American Enterprise Fund
Bowman Cutter
Chairman
Tunisian-American Enterprise Fund
Chairman Ros-Lehtinen on the hearing: “In the wake of the Middle East and North Africa’s political and economic turmoil that began in late 2010, Congress authorized the establishment of the Egyptian-American and Tunisian-American Enterprise Funds in order to develop the private sectors in Egypt and Tunisia and help address some of the root causes of their unrest. It’s important for Congress to exercise oversight over these U.S.-funded entities and assess each fund’s performance and return on investment for U.S. interests. This hearing will review each fund’s investments so far, their overall impact and effectiveness, the challenges caused by changing political and economic conditions on the ground, and any lessons learned that may be applied to potential future funds."
***See www.foreignaffairs.house.gov for updates.
***Coverage note: All Foreign Affairs Committee proceedings are webcast live at www.foreignaffairs.house.gov/live-video-feed.
