US HB1114

Authorizes the President to designate a private nonprofit organization as the Haitian American Enterprise Fund, to be operated by the CEO of the U.S. International Development Finance Corporation and overseen by a 9-member Board of Directors Oversight Panel

Directs investments toward developing Haiti's private sector including micro, small, and medium businesses; agriculture, energy, manufacturing, and tourism industries; and infrastructure such as electricity, roads, ports, water systems, and digital networks

Authorizes $1 billion annually for fiscal years 2026-2031, with funds to remain available until expended or until the Enterprise Fund terminates on December 31, 2031, at which point the full amount received from the U.S. Government must be repaid to the Treasury

Limits grant expenditures to no more than 20% of federal funds and operating costs/feasibility studies to no more than 15% of appropriated funds, with annual audits required by both independent accountants and the Government Accountability Office

States U.S. policy goals include supporting democratic governance in Haiti, reducing irregular migration, combating gang violence and firearms trafficking, and providing an alternative to China's debt-driven development programs in the region