H.R.7164: Southern Africa Enterprise Development Fund Act of 2008

About This Bill

  • Introduced Sept. 26, 2008
  • Latest Major Action Sept. 26, 2008

Bill Summary

Southern Africa Enterprise Development Fund Act of 2008 - Authorizes: (1) the Southern Africa Enterprise Development Fund (SAEDF) to conduct public offerings or private placements for the purpose of soliciting and accepting venture capital; and (2) financial returns on SAEDF investments that include a component of private venture capital to be distributed to the investors of such capital.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Sept. 26, 2008

Introduced in the House by Donald M. Payne (D-N.J.)

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