[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4587 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4587

    To authorize United States contributions to the Inter-American 
    Development Bank, the Fund for Special Operations, the African 
  Development Fund, the Global Environment Facility, and the Enhanced 
Structural Adjustment Facility of the International Monetary Fund, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 1994

 Mr. Frank of Massachusetts (for himself and Mr. Bereuter) introduced 
  the following bill; which was referred to the Committee on Banking, 
                       Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
    To authorize United States contributions to the Inter-American 
    Development Bank, the Fund for Special Operations, the African 
  Development Fund, the Global Environment Facility, and the Enhanced 
Structural Adjustment Facility of the International Monetary Fund, 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 ``International Development Act of 
1994''.

SEC. 2. GLOBAL ENVIRONMENT FACILITY.

    The Bretton Woods Agreements Act (22 U.S.C. 286-286mm) is amended 
by adding at the end the following:

``SEC. 61. CONTRIBUTION TO GLOBAL ENVIRONMENT FACILITY.

    ``(a) Contribution Authority.--
            ``(1) In general.--The United States Governor of the Bank 
        may contribute $400,000,000 on behalf of the United States to 
        the Global Environment Facility.
            ``(2) Subject to appropriations.--The authority provided by 
        paragraph (1) shall be effective only to such extent and in 
        such amounts as are provided in advance in appropriations Acts.
    ``(b) Limitations on Authorization of Appropriations.--For the 
contribution authorized by subsection (a), there are authorized to be 
appropriated to the Secretary of the Treasury not more than 
$400,000,000, without fiscal year limitation.''.

SEC. 3. AFRICAN DEVELOPMENT FUND.

    (a) In General.--The African Development Fund Act (22 U.S.C. 290g-
290g-15) is amended by adding at the end the following:

``SEC. 217. SEVENTH REPLENISHMENT.

    ``(a) Contribution Authority.--
            ``(1) In general.--The United States Governor of the Fund 
        may contribute $315,000,000 to the seventh replenishment of the 
        resources of the Fund.
            ``(2) Subject to appropriations.--The authority provided by 
        paragraph (1) shall be effective only to such extent and in 
        such amounts as are provided in advance in appropriations Acts.
    ``(b) Limitations on Authorization of Appropriations.--For the 
contribution authorized by subsection (a), there are authorized to be 
appropriated to the Secretary of the Treasury not more than 
$315,000,000, without fiscal year limitation.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the later of--
            (1) October 1, 1994; or
            (2) the date the Secretary of the Treasury notifies the 
        Congress that the negotiations of the seventh replenishment of 
        the resources of the African Development Fund have been 
        concluded successfully.

SEC. 4. INTER-AMERICAN DEVELOPMENT BANK AND FUND FOR SPECIAL 
              OPERATIONS.

    The Inter-American Development Bank Act (22 U.S.C. 283-283z-9) is 
amended by adding at the end the following:

``SEC. 38. CAPITAL INCREASE; INCREASE IN RESOURCES OF FUND FOR SPECIAL 
              OPERATIONS.

    ``(a) Authority To Vote for Increase in Authorized Capital Stock of 
Bank and Increase in Resources of Fund for Special Operations.--The 
United States Governor of the Bank may vote for resolutions which--
            ``(1) were transmitted by the Board of Executive Directors 
        to the Governors of the Bank by resolution of __________;
            ``(2) are pending before the Board of Governors of the 
        Bank; and
            ``(3) provide for--
                    ``(A) an increase in the authorized capital stock 
                of the Bank and subscriptions to the Bank; and
                    ``(B) an increase in the resources of the Fund for 
                Special Operations and contributions to the Fund.
    ``(b) Subscription and Contribution Authority.--
            ``(1) In general.--On adoption of the resolutions described 
        in subsection (a), the United States Governor of the Bank may, 
        on behalf of the United States--
                    ``(A) subscribe to 760,644 shares of the increase 
                in the authorized capital stock of the Bank, 12,738 of 
                which shall be shares of paid-in capital stock and 
                747,906 of which shall be shares of callable capital 
                stock; and
                    ``(B) contribute $82,304,000 to the Fund for 
                Special Operations.
            ``(2) Subject to appropriations.--The authority provided by 
        paragraph (1) shall be effective only to such extent and in 
        such amounts as are provided in advance in appropriations Acts.
    ``(c) Limitations on Authorization of Appropriations.--
            ``(1) Subscription.--For the subscription authorized by 
        subsection (b)(1)(A), there are authorized to be appropriated 
        to the Secretary of the Treasury, without fiscal year 
        limitation--
                    ``(A) not more than $76,832,001 for shares of paid-
                in capital stock of the Bank; and
                    ``(B) not more than $4,511,156,729 for shares of 
                callable capital stock of the Bank.
            ``(2) Contribution.--For the contribution authorized by 
        subsection (b)(1)(B), there are authorized to be appropriated 
        to the Secretary of the Treasury not more than $82,304,000, 
        without fiscal year limitation.
    ``(d) Authority To Vote for Certain Resolutions.--The United States 
Governor of the Bank may vote for a proposed resolution of the Board of 
Governors entitled `Amendments to the Agreement Establishing the Inter-
American Development Bank, the Regulations of the Board of Governors, 
the General Rules Governing Admission of Nonregional Countries to 
Membership in the Bank, and the Regulations for the Election of 
Executive Directors', which was submitted to the Board of Governors 
pursuant to a resolution of the Board of Executive Directors approved 
on __________.''.

SEC. 5. ENHANCED STRUCTURAL ADJUSTMENT FACILITY OF THE INTERNATIONAL 
              MONETARY FUND.

    The Bretton Woods Agreements Act (22 U.S.C. 286-286mm), as amended 
by section 2 of this Act, is amended by adding at the end the 
following:

``SEC. 62. CONTRIBUTION TO THE INTEREST SUBSIDY ACCOUNT OF THE ENHANCED 
              STRUCTURAL ADJUSTMENT FACILITY OF THE INTERNATIONAL 
              MONETARY FUND.

    ``(a) Contribution Authority.--
            ``(1) In general.--Subject to paragraph (2), the United 
        States Governor of the Fund may make contributions on behalf of 
        the United States in fulfillment of the United States 
        commitment to contribute to the Interest Subsidy Account of the 
        Enhanced Structural Adjustment Facility of the Fund.
            ``(2) Subject to appropriations.--The authority provided by 
        paragraph (1) shall be effective only to such extent and in 
        such amounts as are provided in advance in appropriations Acts.
    ``(b) Limitation on Authorization of Appropriations.--For the 
contribution authorized by subsection (a), there are authorized to be 
appropriated to the Secretary of the Treasury not more than 
$25,000,000, without fiscal year limitation.''.

SEC. 6. MILITARY SPENDING BY RECIPIENT COUNTRIES; MILITARY INVOLVEMENT 
              IN THE ECONOMIES OF RECIPIENT COUNTRIES.

    Title XV of the International Financial Institutions Act (22 U.S.C. 
262o) is amended by adding at the end the following:

``SEC. 1502. MILITARY SPENDING BY RECIPIENT COUNTRIES; MILITARY 
              INVOLVEMENT IN THE ECONOMIES OF RECIPIENT COUNTRIES.

    ``(a) Consideration of Commitment to Achieving Certain Goals.--The 
Secretary of the Treasury shall instruct the United States Executive 
Directors of the international financial institutions (as defined in 
section 1701(c)(2)) to promote growth in the international economy by 
taking into account, when considering whether to support or oppose loan 
proposals at these institutions, the extent to which the recipient 
government has demonstrated a commitment to achieving the following 
goals:
            ``(1) To provide accurate and complete data on the annual 
        expenditures and receipts of the armed forces.
            ``(2) To end excessive military involvement in the economy.
            ``(3) To make substantial reductions in excessive military 
        spending and forces.
            ``(4) To end corruption involoving members of the armed 
        forces.
The Secretary shall submit to the Committees on Banking, Finance and 
Urban Affairs and on Appropriations of the House of Representatives and 
the Committees on Foreign Relations and on Appropriations of the Senate 
a report on the steps taken to determine appropriate definitions of the 
goals set forth in subsection (a).
    ``(b) Steps to Achieve Goals Required.--The Secretary of the 
Treasury shall instruct the United States Executive Directors of the 
international financial institutions (as so defined) to promote a 
policy at each institution under which--
            ``(1) the staff will include in its supporting documents 
        for each proposed loan a report on military expenditures and an 
        assessment of the steps taken by the recipient government to 
        achieve the goals set forth in subsection (a);
            ``(2) the governing body will not approve proposed loans 
        where insufficient effort has been made to achieve such goals, 
        except in cases where the proposed loans are specifically 
        designed to meet the basic human needs of the poor; and
            ``(3) a report on military expenditures and an assessment 
        of the steps taken by the recipient government to achieve the 
        goals set forth in subsection (a) will be included in regular 
        policy consultations with developing countries.
    ``(c) Conditional Opposition to Loans to Indonesia.--In furtherance 
of the policy established by subsection (a), the Secretary of the 
Treasury, in consultation with the Secretary of State, shall, not later 
than May 1, 1995, submit to the Committees on Banking, Finance and 
Urban Affairs and on Appropriations of the House of Representatives and 
the Committees on Foreign Relations and on Appropriations of the Senate 
a report on the performance of the Government of Indonesia in achieving 
or implementing a credible plan to achieve the goals set forth in 
subsection (a).''.

SEC. 7. RESPECT FOR INDIGENOUS PEOPLES.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262p-262p-5) is amended by redesignating section 1620 as section 
1621 and by inserting after section 1619 the following:

``SEC. 1620. RESPECT FOR INDIGENOUS PEOPLES.

    ``The Secretary of the Treasury shall direct the United States 
Executive Directors of the international financial institutions (as 
defined in section 1701(c)(2)) and the United States representative to 
the council of the Global Environment Facility administered by the 
International Bank for Reconstruction and Development to use the voice 
and vote of the United States to bring about the creation and full 
implementation of policies designed to promote respect for and full 
protection of the territorial rights, traditional economies, cultural 
integrity, traditional knowledge, and human rights of indigenous 
peoples.''.

SEC. 8. FOCUS ON LOW-INCOME AREAS OF LATIN AMERICA AND THE CARRIBEAN.

    The Inter-American Development Bank Act (22 U.S.C. 283-283z-9) is 
amended by adding at the end the following:

``SEC. 38. FOCUS ON LOW-INCOME AREAS OF LATIN AMERICA AND THE 
              CARRIBEAN.

    ``The Secretary of the Treasury shall direct the United States 
Executive Director of the Bank to use the voice and vote of the United 
States to support an increased focus on the poorest countries in Latin 
America and the Carribean, and on poorer areas of better off countries, 
and to support porgrams conducted by the Multilateral Investment Fund, 
particularly in targeting low-income countries and populations, working 
with nongovernmental organizations and training and assisting former 
combatants from civil conflicts in Latin America.''.

SEC. 9. GUARANTEE OF WORKER RIGHTS.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262p-262p-5), as amended by section 7 of this Act, is amended by 
redesignating section 1621 as section 1622 and by inserting after 
section 1620 the following:

``SEC. 1621. GUARANTEE OF WORKER RIGHTS.

    ``The Secretary of the Treasury shall direct the United States 
Executive Director at each international financial institution (as 
defined in section 1701(c)(2) of this Act) to use the voice and vote of 
the United States to urge the respective institution to adopt policies 
to encourage borrowing countries to guarantee internationally 
recognized worker rights (within the meaning of section 502(a)(4) of 
the Trade Act of 1974).''.

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