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Transatlantic Growth Enterprise Act

Bill Number
H.R. 5320
Origin Chamber
House
Congress
119th Congress, Session 1
Policy Area
International Affairs
Status
Introduced
Latest Action
2025-09-11: Referred to the House Committee on Foreign Affairs.
Last Updated
2026-02-04T05:06:14Z

AI-Generated Summary

Purpose of the Legislation

The Transatlantic Growth Enterprise Act (H.R. 5320) aims to enhance U.S. relations with select countries in Central and Eastern Europe by establishing a new program called the Transatlantic Growth Enterprise. This initiative focuses on building stronger economic, security, and diplomatic ties while promoting democracy, the rule of law (meaning fair legal systems), and civil society (non-governmental groups like nonprofits). It seeks to counter threats from Russia and China in the region.

Key Provisions

Significant Changes to Existing Law

This bill introduces a new federal program (the Transatlantic Growth Enterprise) without directly amending prior laws. It builds on existing U.S. foreign policy tools, such as those under the State Department and Development Finance Corporation, by mandating coordinated efforts and reporting on economic and security initiatives in the specified region. No explicit repeals or modifications to current statutes are outlined.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Keating, William R. [D-MA-9]

Cosponsors (1)

Rep. Wilson, Joe [R-SC-2]

Recent Actions

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