Transatlantic Growth Enterprise Program

(a) Enterprise authorized The Assistant Secretary for European and Eurasian Affairs, in coordination with the Chief Executive Officer of the United States International Development Finance Corporation, and the heads of other relevant Federal departments and agencies, carry out a program, to be known as the Transatlantic Growth Enterprise (in this section referred to as the Enterprise), in support of strengthening United States relations with participating Enterprise countries, with a particular focus on strengthening business to business ties and fostering a robust investment environment in participating Enterprise countries as well as expanding energy security and security cooperation in Enterprise countries. (b) Objectives The objectives of the Enterprise shall be the following: (1) Strengthen United States relationships with like-minded participating countries. (2) Expand business-to-business ties, including by working with relevant private sector entities, between United States industry and important economic and security sectors in participating countries. (3) Expand energy sector cooperation between the United States and Enterprise countries, including in the nuclear energy sector. (4) Strengthen people-to-people ties between the United States and participating countries. (5) Strengthen security cooperation and efforts to counter Russian malign influence and aggression on the European continent. (6) Counter the People’s Republic of China’s growing private sector footprint in Enterprise countries. (c) Meetings The Assistant Secretary for European and Eurasian Affairs shall seek to convene appropriate stakeholders of participating Enterprise countries at least twice per calendar year to discuss shared goals and priorities for the Enterprise. Such stakeholders shall include, as practicable, government officials, business leaders, and civil society representatives. (d) Limitation To the extent that projects or activities are undertaken or supported by the Secretary, the Enterprise may only engage with counterpart government officials of Enterprise countries that the Secretary has determined are not undermining United States interests in the region— (1) through cooperation with the Russian Federation or the People’s Republic of China; or (2) by undermining democracy in the region including through the conclusion of a bilateral agreement with the People’s Republic of China or the Russian Federation that enables the stationing of that country’s police or military forces on the enterprise country’s territory. (e) Reports (1) Implementation report Not later than 180 days after the date of the enactment of this Act, and annually thereafter for two years, the Assistant Secretary for European and Eurasian Affairs, in coordination with the heads of the Federal agencies described in subsection (a), shall submit to the appropriate congressional committees a report detailing the activities of the Enterprise, which shall also include— (A) an overview of the diplomatic engagements undertaken in the Enterprise; (B) an assessment of the progress of achieving the objectives described in subsection (b); and (C) recommendations for future initiatives for the Enterprise to undertake. (2) Form The report required by paragraph (1) shall be submitted in unclassified form but may contain a classified annex. (f) Definition In this section, the term Enterprise country — (1) means Poland, Slovakia, Hungary, Romania, Moldova, Ukraine, and Bulgaria; and (2) may include any other country in Central and Eastern Europe that the Assistant Secretary for European Eurasian Affairs determines appropriate.