Agoa.info - African Growth and Opportunity Act
TRALAC - Trade Law Centre
You are here: Home/Downloads/Legal Documents/Bill H.R.6455 - Prosper Africa Act

Bill H.R.6455 - Prosper Africa Act

Author
Representatives McCaul (sponsor), Murphy (sponsor), Meuser (co-sponsor), Meijer (co-sponsor)
Organisation
United States Congress
Publication Date
20 January 2022
Download

A bill to promote, facilitate, and increase two-way trade and investment between the United States and Africa.

01/20/2022 Referred to the Subcommittee on Trade.
Action By: Committee on Ways and Means
01/20/2022 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
01/20/2022 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Action By: House of Representatives
01/20/2022 Introduced in House
Action By: House of Representatives
Share this article
DOWNLOAD: Bill H.R.6455 - Prosper Africa Act
Click the image to download or view the document.

Read related news articles

Prosper Africa coordinates 17 US agencies to help boost Africa’s low participation in AGOA

The US has mobilised 17 relevant government departments and agencies under the umbrella of Prosper Africa coordinator British Robinson to try to clinch deals between US and African businesses that will increase utilisation of the African Growth and Opportunity Act (Agoa). The 20th annual Agoa Forum ended in Johannesburg at the weekend with an all-round commitment by Africa and the US to renew the preferential trade programme when it expires...

09 November 2023

We want more Ghanaian exports in US market – trade minister

Mr. Kobina Tahir Hammond, Minister of Trade and Industry, says Ghana desires to increase its exports to the United States (US) market, arguably the most lucrative consumer market globally. He indicated that the Government had stepped up support for the private sector, both domestic and foreign, to enhance production and export capacity, particularly in the manufacturing sector, with notable opportunities for export into the U.S. market. The...

11 August 2023

Could supply chain security take US firms to Africa?

Beginning in August, China will levy export controls on two critical minerals: gallium and geranium. These metals are essential to semiconductor technology and restricting access to them marks Beijing’s latest volley in its strategic power competition with Washington and will significantly disrupt U.S. and Taiwanese chip manufacturers. The global mineral supply chain is already narrow and China has an overwhelming lead with...

28 July 2023

US AGOA and private sector collaboration as backbone for strengthening relations with Africa

With over 1300 delegates at the US-African  Business Summit held mid-July in Gaborone, Botswana, the main focus was on mapping out strategies to strengthen trade and economic relations between the United States and Africa. Majority of the speakers emphasized reviewing and widening collaboration between governments, while others underlined the importance of the private sector as the key driver in achieving  robust economic growth in...

17 July 2023

Fact sheet: US- Africa partnership in promoting two-way trade and investment in Africa

Africa’s integration into global markets, demographic boom, and continent-wide spirit of entrepreneurship and innovation present an extraordinary opportunity for the United States to invest in Africa’s future.   The United States will support and facilitate mobilizing private capital to fuel economic growth, job creation, and greater U.S. participation in Africa’s future.   Together, business and government leaders will...

14 December 2022

The 'three issues that will make or break the Prosper Africa initiative'

The U.S. government’s Prosper Africa program, launched in 2019, aims to double two-way trade and investment between the United States and African countries and, in doing so, to put a new face on American foreign policy in Africa. Despite the initiative’s embrace by two separate administrations, it has so far been slow to live up to expectations. The Prosper Africa Act, a draft piece of bipartisan legislation put forward in the U.S. House...

18 May 2022

US legislators seek to codify the Prosper Africa Act

 In January 2022, representatives McCaul (R-TX) and Murphy (D-FL) put forward the Prosper Africa Act (H.R.6455) to codify the existing Prosper Africa initiative into law. This program strives to increase investment and trade cooperation among the United States and African nations. Since 2019, the initiative enabled almost 800 deals worth $50 billion. The codification of Prosper Africa will benefit the program by...

14 March 2022

US seeks more investment opportunities in Africa

The US government is exploring ways to expand trade and investment opportunities in Africa, in a bid to scramble for the control of the continent’s raw materials with other world’s powerful nations such as China and Russia. The US Deputy Assistant Secretary of State Akunna Cook said the country has yet to deepen its presence in Africa, which has a population of about 1.3 billion people.  “We have been behind the curve for...

25 February 2022

US Congress: Representatives McCaul, Murphy introduce Prosper Africa Act

House Foreign Affairs Committee Lead Republican Michael McCaul (R-TX) and Congresswoman Stephanie Murphy (D-FL) introduced the Prosper Africa Act to codify interagency efforts and promote, facilitate and increase two-way trade and investment between the United States and Africa.  “Advancing two-way trade and investment between the U.S. and African partners must be a key foreign policy priority,” said Rep....

21 January 2022

Biden eyes up Africa as new trade market, reboots Trump-era initiative

The Joe Biden administration has announced plans to revamp the Trump-era Prosper Africa initiative, as it works to “substantially increase” two-way trade and investment between the US and Africa. With a focus on infrastructure, clean energy and healthcare, the White House said in recent weeks that it would kickstart a new Prosper Africa Build Together Campaign, having also requested US$80m from Congress in additional funding...

01 September 2021

Biden Administration launches initiative to build US-Africa trade

The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed the interest, but said dollar flows will lag until the administration wraps up its lengthy review of Trump administration trade measures and sets a clear policy on investments in liquefied...

28 July 2021

You are here: Home/Downloads/Legal Documents/Bill H.R.6455 - Prosper Africa Act