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Innovation and Development in Ecuador Act of 2023

12/19/2024, 9:05 AM

Summary of Bill HR 6414

Bill 118 hr 6414, also known as the Innovation and Development in Ecuador Act of 2023, is a piece of legislation introduced in the US Congress with the aim of promoting innovation and economic development in Ecuador. The bill focuses on strengthening the relationship between the United States and Ecuador through various initiatives and programs.

One of the key provisions of the bill is the establishment of a grant program to support innovation and entrepreneurship in Ecuador. This program would provide funding to Ecuadorian businesses and organizations that are working on innovative projects in various sectors, such as technology, agriculture, and healthcare. The goal of this program is to help stimulate economic growth and create new opportunities for the people of Ecuador.

Additionally, the bill includes provisions for increasing cooperation between the United States and Ecuador in the areas of education and research. This includes promoting academic exchanges, joint research projects, and collaboration between universities and research institutions in both countries. By fostering greater collaboration in these areas, the bill aims to promote knowledge sharing and innovation in Ecuador. Furthermore, the bill also addresses environmental conservation and sustainable development in Ecuador. It includes provisions for supporting conservation efforts, promoting sustainable practices, and addressing environmental challenges facing the country. This includes initiatives to protect biodiversity, reduce deforestation, and promote clean energy solutions. Overall, the Innovation and Development in Ecuador Act of 2023 is a comprehensive piece of legislation aimed at promoting innovation, economic development, and environmental conservation in Ecuador. By strengthening the relationship between the United States and Ecuador and supporting initiatives in key areas such as entrepreneurship, education, and environmental conservation, the bill seeks to create new opportunities and improve the quality of life for the people of Ecuador.

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Current Status of Bill HR 6414

Bill HR 6414 is currently in the status of Bill Introduced since November 14, 2023. Bill HR 6414 was introduced during Congress 118 and was introduced to the House on November 14, 2023.  Bill HR 6414's most recent activity was Referred to the Subcommittee on Trade. as of December 17, 2024

Bipartisan Support of Bill HR 6414

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6414

Primary Policy Focus

Foreign Trade and International Finance

Comments

Sponsors and Cosponsors of HR 6414

Maria Elvira Salazar
Maria Elvira Salazar
FloridaRepublican
Ruben Gallego
Ruben Gallego
ArizonaDemocrat
Adriano Espaillat
Adriano Espaillat
New YorkDemocrat
Warren Davidson
Warren Davidson
OhioRepublican
Vern Buchanan
Vern Buchanan
FloridaRepublican
David Rouzer
David Rouzer
North CarolinaRepublican

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