[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2381 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2381

  To direct the President to encourage the independent states of the 
 former Soviet Union to provide reimbursement to the United States for 
      economic and development assistance, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 10, 1993

Mrs. Meyers of Kansas (for herself, Mr. Michel, Mr. Gilman, Mr. Dreier, 
 Mr. Hyde, Mr. Solomon, Mr. Andrews of New Jersey, Mr. Ballenger, Mr. 
 Houghton, and Ms. Ros-Lehtinen) introduced the following bill; which 
            was referred to the Committee on Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
  To direct the President to encourage the independent states of the 
 former Soviet Union to provide reimbursement to the United States for 
      economic and development assistance, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Reimbursement for Assistance to the 
Former Soviet Union Act''.

SEC. 2. REIMBURSEMENT AGREEMENTS BETWEEN THE UNITED STATES AND THE 
              INDEPENDENT STATES OF THE FORMER SOVIET UNION.

    (a) In General.--The President shall encourage those independent 
states of the former Soviet Union capable of providing eventual 
reimbursement to the United States for economic and development 
assistance to enter into negotiations with the United States to reach 
agreements outlining such eventual reimbursement.
    (b) Requirement That 5 Percent of Amounts Appropriated for Fiscal 
Year 1994 for Assistance Be Obligated Pursuant to Reimbursement 
Agreements.--Not less than 5 percent of amounts appropriated to provide 
economic and development assistance for the independent states of the 
former Soviet Union for fiscal year 1994 shall be obligated under the 
terms of agreements providing for eventual reimbursement of such 
assistance.

SEC. 3. STUDY OF RESOURCES IN INDEPENDENT STATES OF THE FORMER SOVIET 
              UNION.

    In carrying out chapter 11 of part I of the Foreign Assistance Act 
1961, the President shall conduct a study of--
            (1) the resources in each of the independent states of the 
        former Soviet Union and the prospective revenues from the 
        production and sale of such resources;
            (2) the possible use of barter or exchange of such 
        resources as methods of reimbursement for economic and 
        development assistance provided to such states; and
            (3) the collateralization of loan and investment guarantees 
        provided by the United States Government for project financing 
        in such states using the resources or prospective revenues from 
        the production and sale of such resources.

SEC. 4. REPORTS.

    The President shall submit to the relevant congressional committees 
the following reports:
            (1) Periodic reports describing the status of negotiations 
        between the United States and any independent state of the 
        former Soviet Union relating to agreements for reimbursement of 
        economic and development assistance provided to such state.
            (2) A report containing the results of the study conducted 
        pursuant to section 3, including the names of those independent 
        states of the former Soviet Union capable of providing eventual 
        reimbursement of economic and development assistance provided 
        to such states. Such report shall be submitted not later than 
        June 30, 1994.

SEC. 5. DEFINITIONS.

    For purposes of this Act, the following definitions apply:
            (1) Economic and development assistance.--The term 
        ``economic and development assistance'' means assistance 
        provided under chapter 11 of part I of the Foreign Assistance 
        Act of 1961.
            (2) Relevant congressional committees.--The term ``relevant 
        congressional committees'' means the Committee on Foreign 
        Affairs of the House of Representatives and the Committee on 
        Foreign Relations of the Senate.
            (3) Resources.--The term ``resources'' includes 
        commodities, raw materials (including necessary or strategic 
        raw materials, as defined in section 663(a) of the Foreign 
        Assistance Act of 1961), and other valuable materials.

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