Expressing the sense of the House of Representatives that the United States should continue to authorize cash flow financing to Egypt and expand other areas of cooperation

February 9, 2017
February 10, 2017
Referred to House (sub)committee

Reaffirming the U.S.-Egypt alliance and the need for U.S.-backed loan guarantees to Egypt, this resolution called for an increase in U.S. economic aid to that country, the reinstatement of cash flow financing to Egypt in 2018 and afterward, and the expansion of the Qualified Industrial Zones (QIZ) program.

Congress authorized funds to be disbursed for the establishment of the first QIZ in Jordan in 1997 purportedly to facilitate economic growth and stability in the Middle East. There were 4 designated QIZ’s in Egypt at the time this bill was introduced.

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