Mr. Speaker, H.R. 1189 which was introduced by my friend and colleague, the gentleman from American Samoa (Mr. Faleomavaega), is important as a component of the larger interest in encouraging economic development in the territories. This legislation will increase that amount to $500,000. Further, for a grant requiring matching funds of more than $500,000 the legislation waives the first $500,000 of the matching requirement.
Discussing H.R. 1189, a bill to encourage economic development in U.S. territories.
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