H. R. 4586
Introduced in House · August 6, 2025July 22, 2025
Mrs. Cherfilus-McCormick (for herself and Mr. Jackson of Illinois) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, 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
A BILL
To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships.
Deduction for remittances used for qualified purposes
Certified diaspora investments
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “African Diaspora Investment and Development Act” or the “AIDA”.