HB4586: AIDA

What the bill says

To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships.

From the introduced text, July 22, 2025:

A BILL To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships. SECTION 1. Short title This Act may be cited as the African Diaspora Investment and Development Act or the AIDA . SECTION 2. Findings Congress finds the following: (1) The United States is home to approximately 6,600,000 first generation African and Caribbean immigrants, nested within a broader population of 46,000,000 African Americans, representing vast economic, intellectual, and cultural capital, with longstanding economic and cultural ties to their countries of origin. (2) Many members of these and other diaspora and immigrant populations annually transmit to their countries of origin or descent portions of their incomes or other earnings--transfers known as remittances--that in the aggregate often are large and significantly contribute to economic growth, development, and human welfare in recipient countries. (3) Remittances to Africa were estimated at over $91,000,000,000 in 2023--transfers which sustain families, fund education and healthcare, finance small businesses, and fill gaps in national infrastructure. (4) An estimated $19,499,000,000 was remitted to the Caribbean in 2023, with those countries receiving billions in essential family and community support. (5) Sub-Saharan Africa remains the most expensive region for sending remittances, with average costs of 7.73 percent to send $200 in Q1 2024. In contrast, the average …

Read the full official text

Sponsors

• Sheila Cherfilus-McCormick (D, HD-FL-20) · primary sponsor
• Jonathan Jackson (D, HD-001)
• Andre Carson (D, HD-IN-7)
• Danny Davis (D, HD-IL-7)
• Stacey Plaskett (D, HD-000)
• Wesley Bell (D, HD-001)

Latest actions

1. September 2, 2026: ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, a bill originally introduced by Representative Cherfilus-McCormick for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
2. July 22, 2025: Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
3. July 22, 2025: Introduced in House

Common questions

What is HB4586?

HB4586 is a bill in Congress (119th Congress): AIDA.

What does HB4586 do?

In its own words: To establish a comprehensive strategy to support African and Caribbean diaspora engagement in development through reduced remittance costs, investment incentives, and institutional partnerships.

What is the status of HB4586?

In committee as of September 2, 2026. Latest action: ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, a bill originally introduced by Representative Cherfilus-McCormick for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. (September 2, 2026).

Who sponsored HB4586?

Sheila Cherfilus-McCormick (D, HD-FL-20), with 5 co-sponsors.

Where is the official record for HB4586?

On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/4586