Legislation that would create a $1.5 billion global fund to combat human trafficking has won unanimous approval in a Senate committee Thursday, almost certainly guaranteeing a smooth path to becoming law, according to The Tennessean.
“We’re getting ready to have a profound impact on people, the 27 million who are in slavery,” Sen. Bob Corker, R-Tenn., the bill’s lead sponsor, said after the vote in the Senate Foreign Relations Committee, of which Corker is the chairman.
The nonprofit End Modern Slavery Initiative Foundation would finance efforts around the world to rescue victims of human trafficking and prosecute the offenders.
The U.S. would contribute $250 million over seven years. Foreign governments would add $500 million, and $750 million would come from private donors.
Corker said the U.S. share, about $36 million a year, would come from existing foreign aid accounts and would not require new spending. President Barack Obama’s administration supports the idea, Corker said, and the State Department helped craft the legislation.
Here’s a video of Corker promoting the proposal, distributed by his office: