Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Senate Committee Advances Boozman, Cardin Bill to Empower Women-Led Enterprises Around the World

Written by Press Release

November 28, 2018

WASHINGTON—The Senate Foreign Relations Committee advanced legislation introduced by U.S. SenatorsJohn Boozman (R-AR) and Ben Cardin (D-MD) that aims to eliminate global gender-related barriers and empower female entrepreneurs around the world.

TheWomen’s Entrepreneurship and Economic Empowerment (WEEE) Actpassed with a committee amendment. 

“This is an important step to reducing financial hurdles that women in developing countries face. Providing access to economic tools will put more women in control of their financial success and facilitate improvements in their homes and communities. I appreciate the leadership of Chairman Corker to advance this legislation and help level the playing field for women around the world,” Boozman said. 

“Investing in women creates a positive cycle of change that can lift women, families, communities and entire countries out of poverty,” said Cardin, ranking member of the Senate Small Business and Entrepreneurship Committee and a senior member of the Senate Foreign Relations Committee. “When women are able to be fully engaged in society and hold financial and decision-making power, they are more likely to invest their income in food, clean water, education, and health care for their children. I thank my colleagues for moving this important bipartisan legislation forward.”

Specifically, the WEEE Act seeks to:

  • Establish a development cooperation policy of the United States to reduce gender disparities related to economic participation and opportunity, strive to eliminate gender-based violence, support women’s property rights and increase the capability of women and girls to determine life outcomes.
  • Require the United States Agency for International Development (USAID) to ensure that all strategies and projects of the agency are shaped by a gender analysis and that gender equality and female empowerment are integrated throughout USAID’s programs;
  • Expand USAID’s microenterprise development assistance authority to include small and medium-sized enterprises (SMEs), with an emphasis on supporting SMEs owned, managed and controlled by women; and
  • Modernize USAID’s development assistance toolkit to include innovative credit scoring models, financial technology, financial literacy, insurance and actions to improve property and inheritance rights. 

The U.S. House of Representatives passed a companion bill in July.

Original article source: https://www.boozman.senate.gov/public/index.cfm/2018/11/senate-committee-advances-boozman-cardin-bill-to-empower-women-led-enterprises-around-the-world | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 vote
Article Rating

Related Articles

Boozman Recognizes Military Service of WWII Veteran from Pine Bluff

WASHINGTON– U.S. Senator John Boozman (R-AR) recognized the service of World War II veteran Fulton William Walker in ‘Salute to Veterans,’ a series recognizing the military service of Arkansans. Walker was born Read more

Boozman Applauds Inclusion of Funds to Ensure Certainty, Predictability for Farmers and Ranchers in Bill to Avoid Shutdown

WASHINGTON–U.S. Senator John Boozman (R-AR), a senior member of the Senate Agriculture, Nutrition, & Forestry Committee, spoke on the Senate floor in support of the agreement that was reached to Read more

Senate Committee Advances Boozman-Led Measures to Expand Veterans Benefits

WASHINGTON— The Senate Veterans’ Affairs Committee approved a veterans benefits package that includes provisions authored and championed by U.S. Senator John Boozman (R-AR) including plans to cut down the increasing backlog Read more

Senators Call for Removal of Trade Program’s Rice Tariff Barriers

WASHINGTON—Members of the U.S. Senate are urging the Trump Administration to reform our largest and oldest trade preference program to level the playing field for American rice producers.The program in question—the Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest