Representatives Espaillat and Cherfilus-McCormick Introduce Opportunities in the Americas Act.
Bill Aims to Bolster Trade and Strengthen Relationships throughout Latin American & Caribbean. WASHINGTON, DC – Today, Representatives Adriano Espaillat (NY-13) and Sheila Cherfilus-McCormick (FL-20) introduced legislation to promote clean energy infrastructure and advance strategic investments throughout Latin America and the Caribbean.
“As our nation launches the Ninth Summit of the Americas, it remains critical that we advance legislation that reaffirms our commitment to supporting our partners in the Western Hemisphere, while also advancing our national security,” said Rep. Espaillat. “Bolstering economic integration and supporting energy infrastructure in the Americas will lower shipping costs, further commercial ties, increase investment opportunities, and expand opportunities in the region, which are crucial for our continued growth and development. As a Caribbean Caucus member, I am proud to be joined by Congresswoman Cherfilus-McCormick to introduce this legislation as we continue our unified efforts to strengthen U.S. relations in Latin American and the Caribbean.”
“This week I will travel to the Ninth Summit of the Americas in Los Angeles, CA. Throughout, the United States has demonstrated, and will continue to demonstrate, our commitment to a process that incorporates input from people and institutions that represent the immense diversity of the Western Hemisphere. The United States has long turned to trade policy as a foundation for supporting economic development and political stability in the Western Hemisphere. The introduction of the Opportunities in the Americas Act will further enhance that development and stability. This bill will show that the United States is committed to strengthening and deepening our trade relationship with the hemisphere as well as celebrating its important contributions to the world,” said Rep. Cherfilus-McCormick.
The Opportunities in the Americas Act will reinforce commercial relationships with Latin American and Caribbean partners as well as expand supply chains throughout the Americas. Additionally, the bill will:
• improve grid and energy efficiency in the Western Hemisphere to encourage investment, enhance living conditions, and develop clean energy;
• advance our national security by increasing supply chain resiliency;
• grant low-interest loans to businesses already engaged in Latin America or the Caribbean, to expand their operations; and
• provide low-interest loans to businesses that relocate from the People’s Republic of China to a Latin American or Caribbean country that is a party to a free trade agreement with the United States.
Representative Espaillat is the first Dominican American to serve in the U.S. House of Representatives and his congressional district includes Harlem, East Harlem, West Harlem, Hamilton Heights, Washington Heights, Inwood, Marble Hill and the north-west Bronx. First elected to Congress in 2016, Representative Espaillat is serving his third term in Congress. Representative Espaillat currently serves as a member of the influential U.S. House Committee on Appropriations responsible for funding the federal government’s vital activities. He is also a member of the House Committee on Education and Labor and the Congressional Hispanic Caucus (CHC), where he serves in a leadership role as the Second Vice Chair and is a member of the Congressional Progressive Caucus, where he serves as Deputy Whip. Representative Espaillat also currently serves as a Senior Whip of the Democratic Caucus. To find out more about Rep. Espaillat, visit online at https://espaillat.house.gov/.
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